The 7 Step Guide to Developing a Trading Strategy
Your real outcome of the Trading can be well managed & Controlled by putting a Trading system in place. The Trading system defines a methodical approach to trading. Most recently, No Code Bot Builder & ‘Trading Bot Backtesting’ like tools have been hot favourites in the Trading lobby.
In the case of Algorithmic trading, choosing the Best algo trading app would be a part of the Trading system.
Call it a Trading system or Trading strategy, It’s one and the same thing. So to Build your own Result oriented trading system Below is a 7-step process you should Follow :
Step 1: Enter - Exit Strategy
You make a buy or a sell in the Market when the Price of a Particular stock or Entity reaches a specific value. In this step, We define & Tell the system when we Enter the market and When we Take an Exit.
Let’s say Currently the Price of Stock A is 100. If it crosses 120, it will be in Bullish territory & So you want to buy that stock immediately as it crosses 120 mark.
We define this logic & Conditions in the System, and System will take care of it with Ease in the Realtime market.
