I'm in the process of building a system I have an idea for. I want to have all my bases covered. What are the considerations I need to have when developing a system? So far I have:
1. Money Management which includes trade size, and TP/SL ratio
2. Entry rules.
3. Exit Rules.
4. Which currencies to play.
5. What time frames to play it.
6. What to do around news and/or are there certain times to not place trades no matter if a signal is made?
What else is involved in a system that I need to build?
Thanks,
Matt
1. Money Management which includes trade size, and TP/SL ratio
2. Entry rules.
3. Exit Rules.
4. Which currencies to play.
5. What time frames to play it.
6. What to do around news and/or are there certain times to not place trades no matter if a signal is made?
What else is involved in a system that I need to build?
Thanks,
Matt