Summary
In this chapter, I helped you navigate through the complex landscape of developing and implementing a robust trading strategy, right from understanding the system’s essentials to conducting backtests, forward tests, and even paper trading before plunging into the live market scenario.
My goal for this chapter was to ensure you gain a comprehensive understanding of trading strategy development, with a particular focus on identifying trading patterns, defining critical entry and exit points, evaluating strategies via backtesting and forward testing, simulating real-time trading through paper trading, and finally, applying the tested strategy in live action.
In the next chapter, we’re going deep, right into the art of coding and automating your strategy. Prepare for the geeky part of the trading process.
