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No Image
User id RR9 August 31st 2021
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Trading IQ NA
QUESTION ABOUT SETTINGS




You have some very attractive charts with your strategies enabled on them. I understand you can not make setting suggestions. But do your strategies come with default settings? Would the pictures of the charts you post with the strategies possibly be set with default settings? Do you have a tutorial for what each setting controls?



Thank you,








No Image
User id RM1 August 31st 2021
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Forum rating NA
Trading IQ NA


The first point here is to realise that the best setting can only be found after the event by way of back testing. The same setting is unlikely to be the absolute best when carried forward into live trading, however markets each have their own personalities and some do not alter very much as time passes by meaning the settings found by back testing often work nicely going forwards. The second point here is that all my products have a default setting loaded into them but my products do not know what timeframe each trader will use which makes them rather a null factor. Imagine it as if I have loaded default settings that give robust results over 50 markets with 4 hour bars and the trader who buys the product then loads up a weekly chart or a 30 minute chart or a 30 second chart. The results will be wildly different from mine. This is the reason you have to use your judgement and do the testing. The third point is that there is no substitute for making the back tests of each product on lots of markets that you trade, in the time frames you like to trade and then to find the settings that fit your personality and are profitable consistently. If they do not fit your personality then you will not be able to stick to the system. If you do not find the results you seek in testing then you can change time frames and settings and markets until you find what you like. The fourth point is that your position sizing and risk management are both much more important than finding the best settings. Market selection to find "good behaviour" is also vital to matching market with system. There are some examples of the instrument selection on the beginners guide pages here. https://precisiontradingsystems.com/how-to-trade-part-3.htm Each product has a page which gives precise details of what each setting does and gives example images. Regards Roger









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