The trading system is simply the tools that you use on the chart and the way you follow to apply and employ those tools correctly and achieve positive results in your trading, in addition to benefiting from them by choosing the best trading tool, the methods and strategies used certainly differ from one pair to another, as it is not possible to adopt one method to apply it to all pairs while trading.
Change can sometimes be beneficial, developing your trading system is undoubtedly a difficult task, but the most difficult is to continue using it without succumbing to psychological and emotional pressure, but before moving on to using the trading system you have developed, it will be better to organize the transition in a way that ensures that the strategy continues to be applied and follow up on its success properly.
For example, if your trading strategy is to use technical indicators such as "MACAD, RSI, Fibonacci, CCI, Alligator" or others to help you identify entry and exit points for trades, you should develop the use of these indicators and combine them with some such indicators as the integration of these indicators "CCI &macad, rsi & Alligator", but be sure to write down the indicators that you use and have achieved results with the currency pair you are trading on and add them to the chart and avoid adding any other indicators that your trading system does not use because it will cause By hindering the work of the fundamental indicators and a big mess will be made on the chart due to the many lines that the indicators will draw.
To choose the most appropriate strategy for you, write all the pairs that you have applied the strategy to and all the profits and losses, and through that you will be able to know this strategy and the best pair to adopt, and it is recommended to try this on a demo account first before adopting it and try to continue applying this trading system without any change for a long time to be able to provide a comprehensive assessment and discover all its weaknesses and strengths.
Forex trading strategies come in different shapes and sizes, and always remember that no particular strategy is consistently superior to other strategies all the time and that is why diversification in it can help manage risk and reduce volatility of asset price movements however risk cannot be completely eliminated.
Use the timeframes that your system works on in the trading platform you use, whether it is among the 9 time frames on the MT4 platform, which are "M1, M5, M15, M30, H1, H4, D1, W1, MN" or 21 timeframes in the MT5 platform, which are the same frames on the MT4 platform, but you will find the usual timeframe, but with more times, such as hours, which contains "H1, H2, H3" When developing your trading system, do not try to trade on time frames that are not suitable for the nature of the system that you were adopting or that you are prepared for, changing it will require a lot of time to monitor how it responds to your new system, and if you have time, you can trade on another time frame and try it with your method that you follow to trade on a demo account first, and if you achieve better results than before, you can adopt them later in your trades in the real account.
You must ensure that you apply the rules of capital management correctly before entering into any trading transaction, including choosing the appropriate LOT size relative to the appropriate risk of the strategy you follow based on the capital you own, as this will avoid you from falling into the risk of major loss and overtrading.
One of the important things that must be taken into account while developing your trading system is to manage time correctly, as it is one of the important vocabulary in trading, so you must allocate time to prepare and prepare yourself for the next trading day, including analyzing the market, following up on its developments, studying economic news and its impact and what it will affect to be able to determine the entry and exit points more accurately, when arranging the time, you will not overlook any information due to the lack of sufficient time to study and analyze it.
Finally, you must have self-confidence and the ability to make the right decision, you will not be able to
be patient and disciplined in Forex trading unless you trust your analysis and the decisions you make, the maturity and confidence shown by the professional trader are only results of the impact of emotional intelligence, it may take a long time to achieve good results from your trading system that you follow, everyone knows that the Forex market is a highly volatile market and is affected by many factors, so do not despair at the beginning of the road, try again and again until You apply the system correctly and employ the right tools with the right pair and time.