Hi Traders,
In today’s episode of Trading Talk, Senior Trader Matthew Shirtcliffe shows you how to use market characteristics and behaviours in your thought process when designing new trading systems. He will apply the ideas presented in a very simple model that you can build with him by following along.
We hope you enjoy this episode and all the best with your trading.
In this episode we continue the multi part series adding a second trend detection function into the current build. This functions goal is to help pin point the best areas and times on the chart to look for breakouts.
In this episode we create a multi timeframe trading signal, using the Oversold condition on the Daily RSI, combined with the breakout signal on the hourly timeframe, which helps pinpoint a high probability signal.
In this episode, we will check in on the previous versions of the model that we have been working on since episode 365, which are looking good right now.
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Risk Warning: Trading leveraged products carries significant risks and is not suitable for all investors. Please ensure that you fully understand the risks involved before entering into any trades. You could lose substantially more than your initial deposit. Any information on this website is general in nature and does not take into account your financial situation, objectives or your needs. Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record. Simulated results DO NOT represent actual trading. Also, since trades have not been executed the results may have under-or-over compensated for impact, if any, of certain market factors, such as lack of liquidity. Simulated Trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or loss similar to those shown.
