Download The Essential Guide to Systems Trading

Rsi Divergence (traditional & hidden ) with candlestick

Great job

You are the best sir

Thanks Rayner.

Hmm..I think, tbh, you get what you pay for. Unless you are a real beginner (Which I am not ).. But that’s the general problem I found quite often with such advice.
Authors start writing in “normal language” but then get carried away by their wish to help quick and after a few sentences they jump back in trader /TA language which sounds cool but is of no help for most rookies at all imho.

However, the best advice I found in this booklet was the reference to other books to be read. I know most of them and them and they are really worthwhile to read.

Small hint, the “personality part” is way more important then the technical one. Technicals one can learn. Feelings, behaviour and emotions are very difficult to change and to control. Afterall, we are human beings and not meant nor made for robotized work.

Consider who you are. Take a 100$ bill and throw it out of the window. If you still think about it 5 minutes later or even run down to the street for re-collection, chances are, you’re not going to make it as a trader in these markets.

Recommended Software : All sound advice….when you know what you want, what you do and how to use it inside out. I know i.e. Amibroker since it’s earliest versions ( 15years ago or more ) and had several times thought I finally found the holy grail, only to find out after hours and hours of testing and code-checking, that there was a slight glimpse in one of the codes.Or some of data was flawed…well such things happen ins Systems trading. Also, no system works all the time and hence almost constant adjustments or even complete new developments become necessary.since you need to know what you, it may take a considerable amount of time to get such things done an backtested again..In any case, you need to know what you need and how to code it. One cannot always ask a programmer for adapting existing and developping codes for systems.

Learning the programming language is hence a must imho if you plan to use TS, AMIbroker or similar tools. Takes time and effort. There’s no free lunch and quick solution.

Data services : Yes indeed, all good companies with reliable service. People should not be afraid to pay for good data. Their systems can only work as good as the quality of data allows. One or two missprints in a series of 10 years data of a stock, index or commodity can ruin certain systems useless in backtesting.
Garbage in / Garbage out = Stoneaged Computer wisdom.

Not mentioned in the booklet but very important : Risk/Reward, requirements for market access ( funds in your trading account ) , Margin requirements, Money-Management, reliable brokerage.
And some degree of Market knowledge or even the slightest idea of how economics, commodities, currencies and other financial instruments work and influence each other could be helpful.

Again, the booklet is for free and a nice collection of good ideas and experiences and clearly written with the desire to help people.
That’s fine. It’s probably a teaser for the vids on Utube. Which is fine for me, as they are for free as well, which underscores the honest wish of the authour to help and let others profit from his own experiences.

Every aspiring trader has to consider, however, that this is not only a computergame or E-Sports.
Trading the international financial markets and trying to compete with your couple thousand dollar account against literally thousands of pro’s every day who see the same tickers, run systems trading billions of $ requires a ton of knowledge, experience and is not for the average Joe to learn easily.
Why do most real pro-traders work for commoditiy-industries, trading houses, banks etc. rather then working on their own if it would be so easy to extract millions out of the markets year after year after year…. or day after day after day….whatever you prefer ? So maybe, just maybe, consider to put your hard earned money wisely to work…and never ever trade on margin with your private money.

Good luck and all the best

can’t wait!!

❤️

Plz give it to me

Am new here

thanks

Very nice

I will be profitable trader