Opening Position | JAN 2011
Opening Position by Jayanthi Gopalakrishnan
The trading systems presented in Technical Analysis of Stocks & Commodities are tested ones, which you can easily implement into the trading software you use. Even if you choose to copy and paste the code via our Traders’ Tips section (available at our website), I encourage you to understand the system and test it on the securities you wish to trade and the time frame you wish to trade. Only then will you be able to determine if the performance of the system is something you are comfortable with. Further, this is an excellent way to perform an out-of-sample test, since it gives you an opportunity to compare your results with the published ones. If your results aren’t exactly what you would like them to be, it isn’t the end of the world. Think of it as an opportunity to modify the system so it is more in line with your needs. Then test it again, and if you’re still not fully satisfied, modify it again. Repeat this process till you are happy with the way the system performs. This is what will make the system unique to you. The markets are constantly evolving, and whatever trading system you use should also be in tune with the markets. Using trading systems you are comfortable with will minimize your losses and emotions. And this is what will make a difference in your trading results.
by Jayanthi Gopalakrishnan
Technical Analysis of STOCKS & COMMODITIES
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