However, building a bespoke system will require an in-depth understanding of financial markets, trading and technical analysis. You’ll also need to convert your system into code, though it is possible to hire a developer once you have designed the system on paper.
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To range trading expert advisor find out more about how to find and hire a developer, contact our technical support team.
The final step involves backtesting your trading system using historical data, and refining it to achieve your desired metrics – for example, a high percentage of winning trades or low drawdown. This is a very important step – whether you have odin forex robot how is much chosen to buy an off-the-shelf system or build your own – as it will give you a fair idea of how the system is likely to perform without putting your capital at risk. However, while backtesting is a useful way to gauge the efficacy of your system, it does have limitations.
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Static data is how much is odin not forex robot always representative of what will happen in a live trading situation, as it may not take factors such as liquidity into account.
Once you’ve set up and optimised your system, it’s time to put it into action.
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