How should i come across a trading system?

[Marcomucic]

Hey there,
Im currently up to creating a trading system in the Undergraduate Junior course. I’m just struggling on how should I start to set up a trading system and how do i determine rules, indicators etc.

General Advice would be greatly appreciated to point me in the right direction. TIA

[TheodoreThring]

@Marcomucic

I’m just struggling on how should I start to set up a trading system and how do i determine rules, indicators etc.

Have you already decided that your system will use indicators, then? (I’m asking just to check that you realise that many systems don’t, and some people do find those easier and/or better).

A very good book, which will certainly help you (just as it’s previously helped countless others in your position, or a little bit further on than your position) is called Beyond Technical Analysis: How to Develop and Implement a Winning Trading System”, by Tushar S. Chande.

And this post, which has also helped other people, (click the words in green, below) may also help you, soon -

Trading while working 9-5

most charts are fractal, most of the time this means that with probably only two exceptions, strategies are mostly not time-frame-dependent typically, slower charts produce fewer trades but higher win-rates (this is just factual, really - can’t see anyone arguing with it) [the two exceptions are: first, real scalping and HFT (you wouldn‘t do this anyway, so it’s not relevant here?); secondly, time-of-day-specific strategies such as opening range breakouts (you probably wouldn‘t do this, eith…

And welcome to Babypips!