Richard Saidenberg Video Review # 1

by David Jenyns on August 4, 2008

Video review of "The Advantages of Trading with a 100% Mechanical Approach – Part 1"

To watch this video visit InoTv
Rating: 3/5

Rick discusses the advantages and disadvantages of mechanical systems trading. Rick believes that anyone can trade profitably by using purely mechanical systems. He details a success-oriented trading plan and points out several pitfalls that can hinder the success of a systems trader. Rick shows you a breakout system, a reversal system, and a combination system that incorporates both breakouts and reversals. He provides you with complete trading rules for entries and exits for each system.

Rick demonstrates how to read performance reports. He highlights the crucial statistics necessary to identify profitable systems in real-time trading. You will learn how to adjust a systemís parameters to suit your own trading style. Parameter changes either make a system more aggressive (with more frequent trades and higher total net profit) or more conservative (with fewer trades, fewer drawdowns and a higher percentage of winning trades). Finally, Rick discusses a new twist on diversification. Instead of trading several unrelated markets, he shows how to concentrate solely on one market and diversify by trading several unrelated systems.

To watch this video visit InoTv

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