This time we are trading the year 2007. We use the envelopes entry with a risk setting of 8 for this automated video to show you the results.
What would you consider to be the most important part of a system? Is it the entry?
Most people focus on the entry, because they believe that getting the right entry will help them to get the right results.
And I thought that, too. So I tried to find the one entry that never fails.
But guess, what? I never found it!
That is, because each and every entry signal are based on past events.
Not even the most shiny indicator is able to accurately predict the future!
So from time to time you will get false signals, no matter what kind of entry you trade.
And whenever that happens, you need to have a good strategy in place – or those false signals can ruin your whole trading account!
In your car, you use the steering wheel for the direction, the transmission and the gas pedal to adjust the driving speed – and the brakes to slow down when that is required.
Would you buy a car, where one of those important parts is missing? Probably not!
So why do you think that the success or failure of a trading system is just depending on that one magic entry signal?
If you would like to find out about the other components for your trading system, maybe you would like to watch the other performance videos on RobotTradingSystem.com – or wherever you get your trading performance videos…