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Day Trade Futures Safely For Reliable Profits: How to Use Smart Software to Develop Profitable Strategies and Automate Your Trading by David Bennett

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Chapter Four: Details of the Trading Plan

Introduction

I have already mentioned that I complete a planning template to uniquely define a specific strategy. While all my strategies are based on the overarching trading style described in the previous chapter, there are a huge number of options and variations which can be chosen to describe specific strategies that work well in particular markets.

Trades can be taken with the trend, or against it. Prices can be analysed in different time frames. Entries can be triggered at the aggressive, normal or defensive levels, and maybe further distinguished by the specification of an offset. While all trades have a stop loss order, some also have a target order, in which case risk/reward ratios can ...

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