Ultimate trading system with MetaStock programming

• Main Author: Zhong, JiaQian.
• Other Authors: Wong Jia Yiing, Patricia
• Format: Final Year Project
• Language: English
• Published: 2009
• Subjects: DRNTU::Engineering::Electrical and electronic engineering::Computer hardware, software and systems
• Online Access: http://hdl.handle.net/10356/16619
• Institution: Nanyang Technological University

This final year report is to develop an ultimate trading system for stock market based on Singapore Exchange (SGX) using MetaStock software as charting and analysis tool. The trading system will determine when to buy or sell. It has proven itself consistently to be the most effective long term trading technique. The research studied a series of technical analysis skills, some trading system rules based on the basic stock indicators. A trading system is simply a set of rules that address every aspect of a trade. Just as there is a standard format for designing any business plan, there is a format for designing a trading plan: entry, exits and money management rules. There are four major components have been discussed: Entry rules: when you get in; Exits rules: when you get out; Money management rules: how much do you put in; Back testing: does it work historically. A good trading system will not be dependent on a bull market for its success. It should have the potential to generate successful trading performance in all market conditions; bull, bear, and sideways trading range. As we can see the results which these theories and techniques apply to the stock market for real analyzing and testing. Trading stocks does involve risk, and there doesn’t exist “Holy Grail” in the real market. Most of people will suffer psychological stress, not only in the bear market but bull market as well. The final aim of the ultimate trading system is to help people to trade, getting rid of mental psychological since it will definitely effect your estimation. In a word, the ultimate trading system in this project would be a very useful for a trader who wants to engage into the mechanical trading and get more profits from it.