hi all,
actually how to create a set of trading system ?
by studying other's past and some TA, then modify from it ? [-o<
Yes, select from the ready available standard indicators and do your own research on which one is more convenience with our market. You have to come out your trading ideas first. Example, trend is your friend.
Which indicators use to measure trend? Example ADX function attempts to measure the trending quality of the market, isolating those periods where the market is not trending. ADX tells you whether the market is moving directionally or not. It does not pick direction, and then you need other tools to tell you the direction. You can study trend following indicators like moving average or MACD, which work perfectly in trending market. You can check those indicators on chart, test by test and you will get it.
Later, you have to at least know your money management and position sizing method. How to cut lose if your trade is going against you? As soon as you had purchased the stock, you need to know your cut loss point and execute without emotional judgement once it triggered. This cut loss point can be trailing up after the stock price going up and it transform to profit taking point.
For this counter, please review it financial report and balance sheet for more confirmation. There must be some reason behind it continuous price falling.
