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equity curves presented by the vendor, expecting a holy grail that will
make them rich in no time. If you are reading my blog, hopefully you
already know that earning money using automated trading systems
don’t work this way.
If you want to achieve long term profitability, there are some steps
before committing real money to a given strategy.
Only after going through all the above steps it is safe to run the
strategy. Why? Because after passing all the steps you will have the
minimum requirements to make money with the strategy.
Minimum requirements to make money with a trading strategy :-
- All trading decisions already taken such as risk level, when to stop
trading, … so in the middle of a drawdown period you will not loose
faith in the strategy. You will just look at it from the distance from the
pure statistical point of view knowing where you are in every
moment.