So is this a good system for a beginner to trade ?
The TA is as good as any other system’s as a starting point. The level of profit or loss will depend on stop placement, stop-re-positioning, position sizing, pyramiding etc. and like most systems its very light on these details.
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it’s neither good nor bad
it isn’t a trading system at all
it’s just a method for entering trades
those are two very, very, very different things
learning to understand the differences between them, and how important the differences between them are, and why the differences between them matter to you, will all be very much more helpful activities to you than trying to identify a trading system that you can just copy and use, yourself, to make profits - you won’t succeed that way, just as tens of thousands of others before you have failed to succeed that way
unfortunately, the reasons that’s true are reasons that take a lot of experience to understand
at the moment, through absolutely no fault of your own, you don’t have that experience, so you can’t understand them
my best advice to you is to forget about looking through trading forums trying to find a “trading system” that just works, at least until you understand what a trading system IS
(at the moment, you’re still a long way away from that)
and that’s something you probably need to learn from a good book, not from a forum where half of the people are talking rubbish half of the time but you can’t tell which halves are which
Can someone please explain what does this sentence mean ? (What’s a stop equal to the 20-day EMA?) Thank you …
Long exit: Place a stop equal to the 20-day EMA. Continue to update this stop daily to
form a trailing stop.
Oh ok nvm, I got it …
Flamingoproxy was right. It not a trading sys at all. It only tell u entry n exit point. But everyone view was dif in term of when to entry n exit.