Methods for systematic trading

Trading has many methods. A trader is only very successful if he implements the best method suitable for his business and makes a profit from it. They need to compute the risk and loss for a certain business proposal and plan.

They need to know about the real time data, the market condition, the stock prices and many more. So they must do study about all these facts and then start a new trade for sure success. These are the basic success secrets of a successful merchant.

What is the Amibroker?

Technology has advanced a great deal from the past and now you can employ the computer to do your work to a great extent. Now you do not need to write with your hands all the time but type it in the computer likewise you can employ different softwares to compute the technical analysis of your business.

Very popular software for this purpose is the Amibroker. This software is simply recommended for its different eye-catching features. They are:-

• It is very much affordable. The license fee is really reasonably priced and it comes with free updates for 12 months
• You can find numerous articles and tutorial programs on the internet for how to use it successfully.
• No high level languages are employed and you can use them as it always communicates in your semantic
• You get the past stock data and you can implement it for the technical analysis.
• It is really very flexible and reliable. It will compute any trading analysis with your accuracy
• A very attractive feature is its customized behaviour. There is no limitation of the process to the limit is only your resourcefulness
• Compatibility with various types of Operating Systems is really a very comfortable behaviour of this software. It is compatible with Windows XP, Windows 7, windows Vista, and Windows 8.

Live Signal Live Trade on Nickel on 15.10.13

NickelM
Sell @ 866.50
Buy @ 860.00
Net Profit - Rs 650/-

Nickel
Sell @ 866.50
Buy @ 860.00
Net Profit - Rs 1625/-

Live Signal and Live Trade On 15.10.13 on NickelM

For Nickel M - Lot Size 100
Buy @ 864.50
Sell @ 866.50..Net Profit Rs 200/-

For Nickel  - Lot Size 250
Buy @ 864.50
Sell @ 866.50..Net Profit Rs 500/-

Beginner's Paper Trade on Live Trading Calls on 14.10.13 Part 2

1.LeadM Mcx Oct: Buy at present levels(CMP 128.45) And on dips to 128.20, TGT 130, SL 127 10/14/2013 : 12:13:39 PM

4. Copper mcx nov: Buy at present level (cmp 448) upto 448.20 Target 451 SL below 445 10/14/2013 : 12:19:49 PM

With corrected levels ((Copper mcx nov: Buy at present level (cmp 449) upto 448.20 Target 452 SL below 445.20)) 10/14/2013 : 12:21:01 PM

5.Alumini mcx Oct: Buy at present levels(CMP113.55) And on dips to 113.30, TGT 115, SL below 112.20 10/14/2013 : 1:02:08 PM

Beginner's Paper Trade on Live Trading Calls on 14.10.13. Part 1

1. Nickel Mcx OCt: Buy at present level cmp 852.5 And on dips upto 850 tgt 866 sl below 840 10/14/2013 : 12:07:57 PM

2. ZincM Mcx Oct: Buy at present levels(CMP 116.05 And on dips to 115.80, TGT 117.40, SL below 114.70 10/14/2013 : 12:06:52 PM

Buy Signal on Live Nickel Trade on 11.10.13

Psychological Pitfalls of Commodity Trading

Here are some additional psychological pitfalls to avoid. Be wary of depending on others for your success. Most of the people you are likely to trust are probably not effective traders. For instance: brokers, gurus, advisors, friends. There are exceptions, but not many. Depend on others only for clerical help or to support your own decision-making process.

You may acquire trading methods or systems from others or from books, but be sure to test them carefully yourself before trading. Good systems that you can buy come with computer software that allows comprehensive historical testing.

Don't blame others for your failures. This is an easy trap to fall into. No matter what happens, you put yourself into the situation. Therefore, you are responsible for the ultimate result. Until you accept responsibility for everything, you will not be able to change your incorrect behaviors.

Stay long-term oriented. Don't adjust your approach based solely on short-term performance. Through luck, any horrible system can look great, even for relatively long periods of time. Conversely, the best systems have frequent losing periods. If you judge a system by short-term performance, you are likely to reject the best systems that exist.

Most traders have such an ego investment in their trading that they cannot handle losses. Several losses in a row are devastating. This causes them to evaluate trading methods and systems based on very-short-term performance. Don't start trading a system based on only a few trades, and don't lose confidence in one after only a few losses. Evaluate performance based on many trades and multi-year results.

Don't underestimate the psychological difficulty of successful trading. The Elements of Successful Trading: "Trading is one of the most stressful endeavors imaginable. Taking losses day after day with a strategy that, just a short while ago was working well, can be a terrible experience. Trading performance can be consistently volatile with good and bad times highly magnified. The market can batter your psyche and gnaw at your soul. These bad experiences will never end as long as you trade. The more successful you are as a trader, the more money you will lose."

Keep trading in correct perspective and as part of a balanced life. Trading is emotionally intensive no matter whether you are doing well or going in the tank. It is easy to let the emotions of the moment lead you into strategic and tactical blunders.

Don't become too elated during successful periods. One of the biggest mistakes traders make is to increase their trading after an especially successful period. This is the worst thing you can do because good periods are invariably followed by awful periods. If you increase your trading just before the awful periods, you will lose money twice as fast as you made it.

Knowing how to increase trading in a growing account is perhaps the most difficult problem for successful traders. Be cautious in adding to your trading. The best times to add are after losses or equity drawdowns.

Don't become too depressed during drawdowns. Trading is a lot like golf. All golfers, regardless of their ability, have cycles of good play and poor play. When a golfer is playing well, he assumes he has found some secret in his swing and will never play poorly again. When he is hitting the ball sideways, he despairs that he will never come out of his slump.

Trading is much the same. When you are making money, you are thinking about how wonderful trading is and how to expand your trading to achieve immense wealth. When you are losing, you often think about giving up trading completely. With a little practice, you can control both emotional extremes. You'll probably never control them completely, but at least don't let elation and despair cause you to make unwarranted changes in your approach.

Other common themes of good traders are self-understanding, balance and self-control. If you can master yourself, you can master the futures markets.