Hello,
From my research and reading, I have read that one trading systems do not work for all market conditions.
My primary focus is day trading systems (typical one trade per day less then 60 min timeframes). I am not interested in swing trading systems where hold trades for X period of days.
So far I have been developing one system what the thinking that the system will last forever and be profitable forever. From my research, I may be headed down the road path.
Questions:
1. Should a system trader have multiple trading systems for different market conditions?
2. If yes, do you recommend system traders keep all their systems running in sim mode to constantly evaluate the performance and turn on best performing system as needed?
3. Should a system trader develop skill for accessing when market conditions are changing and create one system adaptive for all market conditions.
The questions are from readings that no one system stay consistent profitable forever. Unless the systems is highly adaptive to market conditions.
I hope I make sense.
Thanks for your comments.
From my research and reading, I have read that one trading systems do not work for all market conditions.
My primary focus is day trading systems (typical one trade per day less then 60 min timeframes). I am not interested in swing trading systems where hold trades for X period of days.
So far I have been developing one system what the thinking that the system will last forever and be profitable forever. From my research, I may be headed down the road path.
Questions:
1. Should a system trader have multiple trading systems for different market conditions?
2. If yes, do you recommend system traders keep all their systems running in sim mode to constantly evaluate the performance and turn on best performing system as needed?
3. Should a system trader develop skill for accessing when market conditions are changing and create one system adaptive for all market conditions.
The questions are from readings that no one system stay consistent profitable forever. Unless the systems is highly adaptive to market conditions.
I hope I make sense.
Thanks for your comments.