Product review: Mechanical Trading Systems by S&C Staff
Product: Trading course manual
To create a mechanical trading system, you need to encode rules and you need to let those coded rules make your trades. Years of doing this gave Wave59 creator Earik Beann insight into which set of trading rules work and which donít. It also gave him the knowledge of what indicators or methods, such as stop-losses, are the most profitable. Earik Beannís course Mechanical Trading Systems (MTS), which is really a book, deals with a subject that few have attempted. Itís bound to have an impact on most traders, and its contents will surprise most of you.
To provide some clarification, suppose you are trading a moving average cross-over system. Youíve chosen a certain number of periods for the faster moving average and another for the slower moving average. Have you found that sometimes it works and sometimes it doesnít?