![]() ![]() Trading, and algorithmic trading in particular, requires a significant degree of discipline, patience and emotional detachment. I would say the most important consideration in trading is being aware of your own personality. Trading provides you with the ability to lose money at an alarming rate, so it is necessary to "know thyself" as much as it is necessary to understand your chosen strategy. In order to be a successful trader - either discretionally or algorithmically - it is necessary to ask yourself some honest questions. Identifying Your Own Personal Preferences for Trading ![]() I'll explain how identifying strategies is as much about personal preference as it is about strategy performance, how to determine the type and quantity of historical data for testing, how to dispassionately evaluate a trading strategy and finally how to proceed towards the backtesting phase and strategy implementation. Our goal today is to understand in detail how to find, evaluate and select such systems. Various components of the trading ensure pre-trade analysis and variable components are chosen carefully.In this article I want to introduce you to the methods by which I myself identify profitable algorithmic trading strategies.
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