Start with global vision: do not use the same trading system in the middle of a strong bullish trend as in the beginning of volatile sideway |
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use Tandem Studies or Elliott Waves to identify market phase. |
Locate money-making opportunities |
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use NeatScan. |
See how the majority of market players see the picture: what stop-loss and profit target levels of a crowd are |
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use Fibonacci techniques and simplistic trading systems based on a single popular technical indicator like MACD, PercentR or Stochastic. |
Unlike the majority, see the price movements without noise |
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use Noise Removal Tool and Ingenious Moving Average. |
Measure risk and identify how much you can put on a stake this time |
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use Money Management Editor to verify different scenarios. |
Analyze clusters of support and resistance levels |
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use Fibonacci Clusters. |
Visually analyze different scenarios of future market developments, calculate technical indicators and apply strategies for future bars, see your potential profit and risk |
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use Custom Bars. |
Don’t use Neural Networks for direct prediction, this rarely helps, but use Neural Networks possibility to “see” non-linear dependencies human cannot pinpoint |
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use Neural Networks as decision support tool to classify situations and possible scenarios. |
If you feel special techniques on your fingertips, use them to get an edge. Only don’t overestimate them and use in proper situations for confirmation |
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encode whatever you like with easy and flexible Improvian language or use pre-defined techniques like Hurst exponent or anything from continuously growing Tradecision library based on TASC contributions. |
Correctly involve the most powerful analysis tool – your brain |
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use Advanced Drawing Tools for visualization. |
Help to shape your mind with special visualization |
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use Auto-trends, Reversal Patterns. |
Check new ideas and test your own strategies and money management rules |
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with Strategy Builder. |
Act immediately when decision is made |
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use Intelligent Order Placement and Integrated Trading. |
Now don’t simply wait for profit target |
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reevaluate constantly. |