- Identify timeframe I will trade (will multiple timeframes be studied as well?)
- Identify pairs I will trade
- Identify best times or markets for trade entry
- Identify best days for trades
- Identify the sweet-spot window of time successful setups can be in-trade (before forcing an exit)
- Identify conditions that could occur after setup, but before entry, that indicate setup no longer valid
- Classify the type of strategy (breakout, etc.)
- Identify specific patterns that occur in winning trades
- Be able to identify/calculate high-expectancy, low-risk trades vs. others (Van Tharp)
- Find a combination of indicators that complement and reinforce good trade setups
- Identify any criteria that might indicate trade setups will not work (ie, impending news or other connections)
- Develop an objective/unbiased method to collect data (with intention to assimilate later)
- Develop a protocol for assimilating data into something useful (ie, statistical significance)
- Notate my research procedures so they can be mechanically repeated for future strategy development
Saturday, August 9, 2008
My "Research Goals"
Focused, targeted research is key to building a winning strategy. These are specific goals I plan to accomplish during the research phase of my strategy.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment