Some Very Important Details When Constructing Your Own Fully Automated Trading Systems The following article was taken from an exchange of emails with several clients. I felt this part of the dialog would be very helpful for our viewers. included below are some of the most important aspects to be aware of when constructing fully […]

Exponential Averages, not What They Appear to Be This article “Moving Averages With Exponential Problems”, was prompted by a few different emails exchanged with our viewers. After contemplating these conversations I soon realized I needed to share this with the trading community. It is highly likely the information presented here is going to be something […]

Having studied many professional traders, I found another thing they held in common. Trade management. It was how they either scaled in or scaled out of their trades, and sometimes both in the same trade. By managing the risk, I’ve seen the pro’s make very good profits while being right less than 25% of the time. However they also balance that by letting the profits run whenever possible.

The other factor is the way Thinkorswim implements a Strategy. Everything is modular. You are able to use one piece of code for your long entries, another piece of code for your short entries, and then use entirely different pieces of code to manage the exits. It’s designed to let you mix them around like Lego’s.

I have spent many years studying under various professional traders. Some are better teachers than others. And while I haven’t yet reached the Pro level myself, I have some advice which I hope will shorten your learning curve and smooth some of the speed bumps.