You can give the same set of rules and the same strategy to 100 traders and you would get 100 different outcomes.
This is true because every trader has a unique and personal set of requirements, skills and weaknesses.
In this lesson, we provide some tips on how to adapt a trading strategy to your own needs and personal strengths.
Especially new traders are usually better off with a specific combination of strategy parameters such as a higher winrate and a shorter holding time. This will allow new traders to build confidence quicker because they experience more and frequent winning traders. And they don’t have to deal with the issues that come with longer holding times.
In Edgewonk, we provide a variety of different features and metrics that will help you understand and tweak your strategy parameters.
15 – Strategy adaptation
Edgewonk 3 is an online trading journal for Forex, stocks, crypto, Futures, CFD and commodity trading.