you created the trading plan on, and add the name of the specific instrument at the end as well youll see why in a bit. So many traders keep their trading system in their head, then wonder why they are indecisive and stray from their rules. Strategy Development Worksheet because it is easier to take notes and write out 2 or 3 systems to test, at a time. Computer requirements include- Adobe Photoshop CS/ Adobe Corel Draw, WinZip (Windows Stuffit Expander (Mac) and Notepad. The website is the first thing which a future client will come across, and as that word goes. So if you need a real trading plan, here's what to do next. Now, youll have to repeat the 4 steps for each instrument that you trade. In this post, I will show you exactly how to create a trading plan, even if you have never done it before. Also be sure to record the settings that you are using. You should start with a trading journal, like this.
Now I'll briefly get into what you will need to do to after you have a plan. After that, you might consider changing your parameters to: 2 risk per trade Exponential Moving Average (10) Exponential Moving Average (20) One position, one profit target at 1R Stop loss on the other side of the entry candle Yeah, change the version number again. Again, the goal of your trading plan is to minimize the time you spend analyzing charts during your trading hours, therefore, keep your notes precise, to the point and leave out unimportant things. Also, excessively heavy websites take an excess time to load up discouraging the viewer. Most traders will have some ideas on how to improve their trading system. After the end of each trading day, you should go through the trading plans that have the tag of the current and the next day assigned to them. Usually, you start with a top-down analysis of your instrument. A trading plan is the professional approach to analyzing, planning and executing your trades. Your sidebar could look something like this once you are done.