Trading systems

http://www.pmkingtrading.com/id3.html

We believe that profitable trading is the result of repeatedly and consistently applying a proven edge to realize a statistically significant profit from the successful implementation of a trading system. Given this context, each production trading system we use includes the following:

* Setup conditions (what events must happen to get interested in a potential trade)
* Entry signal (specific conditions that mean a long or short position should be opened)
* Initial position sizing algorithm (how much to buy/sell initially)
* Loss and profit protective stops (when to take a loss, or a profit)
* Addition to profitable position (when to add to a position that is in profit)
* Exit signal (when to completely close the position)