MultiCharts is committed to helping traders learn and grow by inviting industry experts to present webinars. Different presentations cover trading methods, trading ideas, and our MultiCharts trading software. Everyone from new traders to experts can learn something new, so pick ones that interest you and click Register to reserve a spot!
MultiCharts is pleased to present a seminar with Jason Alan Jankovsky, from TheLionOnline.com on Tuesday, September 18 at 4:30 p.m. EST.
Jason Alan Jankovsky is a 25+ year veteran of leveraged transaction trading. He has authored several trading systems, trained other successful traders, is widely published, and appeared regularly on business radio and TV shows. He is the author of "Trading Rules that Work: The 28 essential lessons every trader must master" and"Time Compression Trading: Exploiting multiple time frames in zero sum markets." He has focused on the psychology of trading as the key component to a successful trading methodology.
Topic: “Understanding Trading Systems and Robots”
Description: If you have been looking for a better trading edge you most likely have looked at several “off the shelf” trading systems and Electronic Assistants (Trading Robots). If you have invested your money in using someone else’s trading system or EA you most likely have not seen the kind of gains you had expected. It doesn’t have to be that way.
In this webinar I’ll be showing you often over-looked facts about Trading Systems and Electronic Assistants (Trading Robots) that will help you get more from your trading. It’s not as simple as “turning the system on and letting it run” If it were that simple, computers and EA’s would have replaced live trading a long time ago.
The first fact you need to understand is that if a system or robot was really that good you as a retail trader would not have access to it. Institutional and professional traders invest a lot of time and money into their trading systems and consider it a trade secret. If it has very good potential to find quality edges in the markets—it likely will not be sold or distributed to anybody. No serious trader would allow others to work against his own approach.
Therefore, most systems and robots offer only a limited ability to help you find reasonable edges. And you are often working against better systems used by professionals. You as the trader need to know what the limitations and probabilities of your system or robot really are and how the system was designed in the first place. Without a solid understanding of what the system is trying to do you most likely will not be able to use the signals as well as you had initially expected.