TRADING REQUIRES DISCIPLINE.

The best way I know to become a disciplined trader
is by using a mechanical trading system.

MECHANICAL SYSTEMS. A mechanical system is a set of exact rules used to enter and exit trades. These rules are usually based on market action itself of market indicators. Market action can be the day’s open, high, low and close. Market indicators can be stochastics or RSI for example.

Never believe any system vendor until you review their testing methods. Three points come to mind. One, many systems are not based on solid historical research. Two, they may be curve-fitted and over optimized. This is done by adding parameters until the system shows a great profit. Once the system gets to real time, it usually blows up. Three, many systems have no real-time, out-of-sample results. Our systems were tested on over 10 years of data. Further, we have only five and six parameters. Our systems are not curve-fitted.