What better way to do it than to develop your own trading system or to use one of the ones you can find on the network in sufficient quantity? That’s a question that many traders have to ask themselves. And there’s no definitive answer to that. Besides, the traders differ in their opinions. Some of them are sure that only a self-made strategy can be profitable. Other traders believe that there is no point in wasting time on such work. Prepared trading strategy is a good option.
Prepared trading strategy – pros and cons
I think the main advantage of such trading systems is the fact that they are usually already repeatedly tested in practice. Almost nobody puts the newly created TS on the net. Usually, it is accompanied by trade steatements. They allow you to analyze the trading result and form a preliminary estimate. In addition, the trade strategy can be shifted to a programme year. This makes it easier to test it. By the way, there is an opinion that trading strategies, which have been used in the market for a long time, cease to work. But that’s not true, of course. There’s a lot of evidence of that. Perhaps it will require only a small optimization of its conditions in order to improve trading results.The second advantage of such systems is that they can be a good opportunity for a trader to improve his professional level. But it’s possible if you take trade seriously. Any TC is somebody’s idea. It is very useful to understand why such conditions of opening, maintenance and closing of deals were chosen. Close observation of the finished trading strategy will help to learn to better understand the market and the principles of TC creation. This is especially important for those who have just entered the market.But it is not always possible to understand the authors’ intention. This is especially true of systems overloaded with the instruments of techanalysis. In this case, it is impossible to understand the system. And this is probably the only drawback in using ready-made trading systems.
Own vehicle – pros and cons
This trading strategy is the result of your own
market observations and analysis of various market conditions. It’s understandable.
to the trader in the smallest detail. And this makes it easy to optimize the conditions
of the trading system if necessary. And that’s the biggest advantage
your own TS.Well, the disadvantage of self-creating a strategy is one necessary requirement. A trader will be able to do this work only if he already has sufficient knowledge and some experience in trading. A newcomer to the market will not be able to cope with such a task. He can try to create a TS, of course, but the probability of success is close to zero. Therefore, the best option for beginners is ready-to-use trading strategy. And as you accumulate knowledge and experience, you can try to create your own unique trading system.Fyodorov’s Inga29.10.2019