Rockwell Trading, Author at Traders Log

How to Develop a Profitable Trading System

In this article we will explain to you how to develop a profitable trading system in five steps: Step 1: Select a market and a timeframeStep 2: Define entry rulesStep 3: Define exit rulesStep 4: Evaluate your systemStep 5: Improving the system Let’s take a closer look at these steps. Step 1: Select a market …

How Long Should you Backtest a Trading System?

I am frequently asked how long one should backtest a trading system. Though there’s no easy answer, I will provide you with some guidelines. There are a few factors that you need to consider when determining the period for backtesting your trading system: Trade Frequency How many trades per day does your trading system generate? …