005: Kevin Davey discusses important aspects of system development, the best systems to use, the correct backtesting process and how to be a successful trader
Better System Trader
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Developing a Trading System
Once you have your golden objectives, you'll probably know what kind of return you're looking for and what kind of drawdown. Then the big thing becomes a finding an instrument, or picking an instrument. And then you just go on and develop a trading idea and test it out and see what happens. Now eventually, overtime, if you create enough strategy, then you might get pretty particular in what you'relooking for. But younow in the beginning, it's kind of wide open. You just, you can look at about any kind of a instrument and apply your trading idea to it andsee what happens.
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