Continuing of my previous post “Trading Plan Calculator“, now I’ll give short explanation about setup/create trading system.

As a trader or whos want to be a trader must know and understand about trading system; the step to create trading system and any kind of needed to create trading system.

6 steps to create trading system :

1. Design System
2. Test the System
3. Permanent System
4. Money Management
5. Trading Plan
6. Live Trading

Note: 6 steps above have to be successive.

1. Design System

You collect any forex indicators and setting up parameter for that indicators. No need a lot of indicators, just 1 - 5 indicators. If you use more than 5 indicators, you will got your self confuse; because the indicators contradiction each others.

Setting up the rule. Follow and adhere your own rule. Make it easy, just follow the rule. You can follow and adhere a rule (made by others), so it will be more easy because the rule that you follow is made by your self.

2. Testing the System

After you conscripting all knowledge to design the Trading System, now it’s time to test the trading system.

If there’re a good results, usually comparison profit lose 80:20, you can continue to the next step. But, if there’re a disgruntled results, you need to redesign the system (indicators, parameters and the rules).

3. Permanent System

After the testing, and the results is gratifying and profitable, hence you have the profitable trading system. And be a discipline trader with the profitable trading system. No more dabbl!.

4. Money Management

Money management is really important, sound like simple and easy, but almost of new trader forgot it. It’s about money, and also about emotion and trading psychology. So money management is also about emotion management.

How to be remain to thinking clear and discipline in any type of market situation and condition!?… If you can’t, you will go to bankruptcy.

5. Trading Plan

Use this “Trading Plan Calculator” to setting up or manage you trading plan. There’re two type of trading plan:

1. Long time trading plan. Oriented on long time results, so usually take safe order and minimizing risk.
2. Short time trading plan. Usually doing daily order/trading, meaning to increase and maximizing the profit.

6. Live Trading

Are you ready?!. Now it’s time to make a lot of money.

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