State-of-the-Art Trading System Tools
A trading strategy is an objective set of
trading rules on when and how to enter and exit positions. This set
of trading rules should not vary subjectively from day to day based
on brokers' recommendations, friends' tips or emotions, and,
therefore, can be tested using past data to
understand objectively how profitable, reliable and suitable
to your trading style these trading rules are.
First of all, you need to formalize your own trading ideas
or modify/improve well-known ones. To do so, you need to define
the conditions for your buy/sell orders.
To define the entry/exit conditions, you can use the Improvian
language, offering more than 140 built-in
functions, as well as Improvian Editor,
designed to facilitate your rule creation process. If you
are new to trading strategy development, you can start with any of
the 10 predefined trading strategies supplied with Tradecision.
All of them are based on well-known trading ideas and can
(or even should) be improved to suit your needs.