f cashback forexexcashbackeasy the pursuit of stable forex cashback easy lasting profits in foreign exchange cashbackforexpip is the dream goal of every investor, but the fact that most investors end up with failure failure for a variety of reasons, such as counter-trend operations, not timely stop loss, excessive trading, etc., but I believe that the subjective arbitrary trading is the culprit to eliminate losses towards success is the best way to establish an operational trading system and in the practice of trading constantly Summarize and perfect the author and friends in the foreign exchange market experienced several years of ups and downs, after a great deal of joy and sorrow, in 2000 began to concentrate on the development of foreign exchange trading system here, the author has written out the design of the experience for the readers reference a, the temporal requirements of the trading system in the design of the trading system, the first thing to consider is the investor intends to take the trading style, is a short term trading, medium-term trading or long term trading For example, the short term trading system can use the relevant signals on the 5 or 15 minute chart; medium term trading system can use the relevant signals on the 60 minute or daily chart; long term trading system can use the relevant signals on the weekly or monthly chart II, the integrity of the trading system requirements in the design of the trading system once a clear trading style must first establish the corresponding mathematical model to clearly determine the direction of the trend, the size and in The trading system should include three sub-systems for trend identification, timing price selection and risk control, and capital management, i.e., to answer the following specific operational questions: when and at what price and how many positions to build in what direction? How to set stop-loss protection? How to close a position? Third, the performance assessment of the trading system in the initial design of the trading system, the use of all existing historical trading data to make a comprehensive simulation of the system to assess the performance of the system and further adjust the relevant parameters of the system accordingly IV. Trading system design example 1. determine the direction of the trend within the last year according to the technical side (mainly based on the weekly K-line band of high and low point arrangement, the starting price cashbackforex and has lasted for the time, according to the definition of the trend to analyze and confirm, generally 30 weeks average can be seen as a major trend of the long and short dividing line) and the fundamentals (the number of warehouse orders, spot prices, etc.) to determine the trend is bull, bear and wide oscillation (new species listed after the high and low point) The price difference between the low and high points after the new species is listed to calculate the price of the low point close to 20%) and the stage in which there is no signal to determine the trend has changed before the speculative area do not do the reverse to open a transaction to touch the top or bottom is too expensive, give up the head and tail of the fish only eat the body of the fish is the most sensible trading strategy to choose 2. choose species, contract month, the direction of entry, entry and exit timing A. do medium-term to do a good investment planning, only choose 1 B. Only participate in the largest positions in the non-delivery month of the main contract trading C. In the speculative zone (after the listing of the far month contract, relative to the contract minimum or maximum point of up or down within 33% for speculative low-risk area, 33% - 50% for speculative risk area, 50% - 75% for (Speculative high-risk area, more than 75% for the reverse investment security zone) only do with the big trend of the opening transaction D. The 100%cashbackforex position of the opening and closing positions (to do more as an example, short analogy): wave-type operation: first in the daily chart to determine the level and size of the current retracement in the medium level or more, then when the 60-minute chart price retracement more than the previous wave up (also can be calculated by the closing price) of 0.5 technical level and adjustment time also More than 1/2 of the previous wave up time, or despite the adjustment time is not enough, but the price has been retraced to 0.67 level, first build available funds 5% (according to the margin calculation of the exchange to open positions) of the basic position; retraced to 0.67 technical level and then build available funds 10% of the basic position; retraced to 0.75 technical level, if the KD, MACD indicators appear obvious divergence signal and then add 15% of the Basic position, but when the price returns to the average price of the position above or below, can be reduced in batches of 10% of all basic positions before the wave of the lowest or highest point for the stop-loss point after the stop-loss if the 60-minute chart closing price and back above or below the stop-loss level, to make up all the basic positions to a new low or new high for the stop-loss if the effective breakthrough of the stop-loss level indicates that the trend to change, may have to enter a greater level of adjustment, need to redefine the level of adjustment The minimum target level of the basic position is the highest or lowest point of the previous wave if the price resumes to rise to more than 0.5 bit of the current adjustment wave range, the stop loss of the basic position is changed to the low point of the current wave the highest target level is the high point of the previous wave plus 1 times the amplitude of the small range if there is a favorable large fluctuation, the basic position can be closed in small amounts without further replenishment after reaching the minimum target level, the basic position is first closed 1 /3, the rest can be closed in batches at high or low to reach the highest target near all positions if the previous wave adjustment time of more than 1 times still can not complete the basic position of the minimum target range will be closed all positions range type operation: first in the daily chart to determine the level and size of the current retracement, when the daily chart of the price of two failed to top the retracement of the previous wave amplitude of not more than 0.5 bit, but the duration of the adjustment has reached the previous wave Up or down duration of more than 2 times, you can basically confirm that the price has entered the range type adjustment with 60-minute chart to determine the current range of significant lows and highs, when the price retracement to the range (also can be calculated by closing price) of 0.67 technical level first build available funds 5% of the basic position; retracement to 0.75 technical level and then add available funds 10% of the basic position to the minimum or maximum point of the range The highest point for the basic position of the stop-loss point after the stop-loss if the 60-minute chart closing price and back above the stop-loss level to make up all the basic position to a new low or a new high for the stop-loss, otherwise it indicates that the trend to change, may have to enter a larger level of adjustment, the need to re-establish the level and size of the new adjustment wave, according to the rules of the wave type retracement and then build positions if the adjustment time more than four times the previous wave up time when the price still failed to break through the interval The highest or lowest level indicates that the market may enter a larger level of wave-type adjustment, should immediately first reduce the position by 2/3 If the basic position can be closed in a small amount in case of favorable large fluctuations, no more backfill interval type basic position of the minimum target level for the range of 1 times the basic target level for the range of the low calculated to the former wave range of about 1 times, the highest target level for the range of the high calculated to the former wave range of about 1 times to reach the interval Near the lowest target level, the basic position can be closed first 1/3; reach the basic target level near the interval, the basic position can be closed again 1/3; the rest of the batch to close the position at a high or low; reach the highest target level near, on all closed positions in the interval of short term oscillation market do not participate in the E. In the investment area of the far month contract according to the above rules of the basic position only reverse open transactions, batch position without stop loss but need to pull away to add positions rolling Transport to do and then reduce the position to maintain the first basic position 2-3 times before further position control total position within 10% of the available funds long term hold or hold for the month to wait for the trend to clear, and then according to the basic position rules to increase the margin of 5% of the position until the entire wave amplitude 1/2 of the target level after the appearance of all positions can be closed 3. A. The basic position is 10-30% of the available funds (10% at the tail end of the trend) but do not exceed 1% of the total position in the contract B. The disk to endure oscillations but to the stop-loss level firmly close the position and exit C. All positions reached the highest target level near, all closed D. When the account loss of 10%, all positions out of the market and then patiently wait for the opportunity to enter E. The target annual return of 50% or more