From what i have seen there seems to be many different trading systems and none that have been critisized strongly (posatively or negatively). Do the majority of you tend to create our own trading systems?
As a complete beginner i am abit hesitant to even attempt to create a system or model of my own. Is there any specific model that you would recomend?
Also, The models that i have come accross advise you where the buy signals are and where the stop loss should be etc but dont go through the times of trading. I live in the uk so i should find that there is most liquidity between 1 and 5pm gmt when both london and new york is open right?
Laslty, When followng a specific model am i expected to come back and fourth to the computer all day and only place trades when all indicators give the green light?
How do you guys manage this situation? if you follow a model that is?
As a complete beginner i am abit hesitant to even attempt to create a system or model of my own. Is there any specific model that you would recomend?
Also, The models that i have come accross advise you where the buy signals are and where the stop loss should be etc but dont go through the times of trading. I live in the uk so i should find that there is most liquidity between 1 and 5pm gmt when both london and new york is open right?
Laslty, When followng a specific model am i expected to come back and fourth to the computer all day and only place trades when all indicators give the green light?
How do you guys manage this situation? if you follow a model that is?