Discussing the article: "Building and testing Aroon Trading Systems"
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Check out the new article: Building and testing Aroon Trading Systems.
In this article, we will learn how we can build an Aroon trading system after learning the basics of the indicators and the needed steps to build a trading system based on the Aroon indicator. After building this trading system, we will test it to see if it can be profitable or needs more optimization.
In the field of trading and technical analysis, there are many tools that we can use, but definitely, we will not use them all and choose one or a combination of profitable tools after testing and optimizing them. The purpose of this article is to try to provide a method that can be helpful in this context or to give you an insight into a different point of view or an idea that you can apply and see which automated trading system suits you.
This type of article is very helpful to you because it can be consumed in a little time than you need to do the work by yourself to find a good setup of the trading system, but you still need to work after finding what is interesting for your way to dive more and optimize until reaching to the ultimate results that can be profitable for your trading. We just try to present here trading tools that can be used individually or in combination with other tools to save you time in finding what you need to focus on and develop it more in your favor. It also provides how to code these systems to be tested in the Strategy Tester, which means you can save a lot of time by automating your testing process instead of testing manually.
In this article, we are going to use the Aroon technical indicator and we are going to test more than one strategy based on its concepts and see its results, what will be much more valuable is that we are going to learn how we can code the indicator from MQL5 and use it in our trading system based on the strategy. All of this will happen after we have learned what the Aroon indicator is and how we can calculate and use it.
Author: Mohamed Abdelmaaboud