A hallmark of any successful trading venture is a sound trading plan.  This plan is designed to control fear and greed as well as provide a baseline by which trading activity is compared to.

 

At MudarabaFX we have devised a trading plan that has been tried and tested for many years.  This plan includes the important elements needed for a successful trading campaign as well as controlling and reducing risk.

 

The plan defines necessary elements that each strategy at MudarabaFX conforms to and these elements include:

 

1. Evaluating the market condition and the bias for the trading day, week and month prior to commencing trading activity.

2. Predetermination of news releases for the day and week of the specific asset traded.

3. Predetermination of exact entry and exit points based on specific technical and fundamental conditions.

4. Predetermination of the reward offered by presented set-up vs. proposed risk.

5. Predetermination of exact position size.

6. Predetermination of early termination conditions should market conditions change the post-trade entry.

7. Documenting and evaluating trade execution post-exit regardless of the outcome.

 

We have successfully programmed our trading plan in all of our automated strategies.