Futures Trading Software - Choosing a Package For Big Profit Potential!
Posted in Trading Commentary, Submitted by Trading Critic on Tue, 2006-05-16 04:23.
If you have enjoyed this post please feel free to Subscribe to the Free Trading Critic Newsletter.1 - Don’t buy a “black” box system.
A black box system does not reveal the logic the system uses to trade the markets and this presents two concerns:
Firstly, futures and commodity trading is all about discipline and it’s a fact you will have more confidence in a system if understand the logic it is based upon. If you don not, you will not have the confidence to follow it through inevitable periods of losses.
Secondly, many unscrupulous vendors simply create a track record that makes profit by tweaking the rules to fit the data.
This is known as “curve fitting” and is one of the main reasons a huge majority of futures trading software fails to make profits.