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Using an automated system means all trades are executed automatically with enter and exit points programmed into a selected system. Along with the emotional aspect of self directed trading, time management is usually another pitfall. Using an automated system may alleviate this problem, for American traders who want to trade the European session that requires being up in the middle of the night, with an automated system in place, your trades are executed while you sleep.
Automated Trading requires discipline, consistency and risk management.
John Joseph of Next Dimension Creative Technologies.
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By John Joseph
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A broad variety of equity curves can be produced by even very good systems purely by chance, which surprises many traders. Thus, it is important to understand and be able to quantify the extent to which luck impacts your results. This interactive spreadsheet will qualitatively illustrate this statistical reality.
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