System Elements - what is meant by this term?

Systems traders must have complete systems to delegate for running on their computers. There can be no loose ends, otherwise the trading process will grind to a halt.

As you would expect, systems traders have given this subject great attention and it turns out that seven separate elements go towards making a complete system.

Perhaps the best way of describing these elements is as the four elements comprising the entry and exit rules plus the three managers.

There are unlimited entry and exit rules from which to choose and you can also create your own. The trader always chooses his own rules and evaluates them thoroughly before using them. From time to time, he will alter his rules and sometimes replace them altogether.

The three managers are incorporated in the trader’s methods and software and require very little attention – once you know they are there and that they can be relied upon to perform to professional standards.

If you wish to read more about the ‘seven elements’, you can do so here:-
The Seven Elements of a Complete System.

 

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