A beautiful day out there, finally, and what better time to take a good walk, grab a coffee and stop by your local library! And this time we have just found another worthy read.
The main takeaways:
Yes, some optimization is necessary (and can be called learning). Yes, it’s a good idea to teach the software the most sensible settings.
But never create an endless cycle of “optimization” as a cure for fear or lack of funds, or to avoid losing trades. That is not what optimization is good for.
You don’t trade “settings”. You trade a valid concept. Never forget that. (And with Remek!, that’s exactly what you trade: a valid concept).
As said above, overoptimization actually hides potential problems, so tread with care.
If you still worry whether a SMA(20) or an SMA(18) is better, or if a 3m timeframe or a 500tick chart is better, sorry, you’re missing the point. We’ve been preaching that for ten years. But don’t take our word for it, read the words of a 50million dollar trader above. He says the same thing.
We repeat: what matters is the concept. What you do, how you trade, must have a basis in reality, in the real behaviour of all the market participants. Our concept at Remek! is firmly grounded in that reality (see the Documentation for details).
And then the icing on the cake: the author’s treatise on how to best define trailing stops (or any other actions for that matter!) ATRs! And how many? 3! Now you’re talking!
No, I haven’t seen this book before. Today was the first time I saw it or opened it. Glad to see 50million dollar traders in Zurich, Switzerland think of crucial aspects of trading just like us! We’ll let you do the rest from here. Our tool shop is open, and our dedicated traders’ club is ready to welcome you!
Mindful trading!
