The Odds Maker changes the approach towards using Trade-Ideas. Some beta-users confide with us that’s changing their trading plan too. Because The Odds Maker is so new, this week’s blog entries feature ways to use the new tool in the best way.
(Link to Part 2 of the series is at the bottom)

Hopefully these insights translate into a better experience testing strategies.

Tips on How To Build A Trading Strategy Using The Odds Maker

• When you start working with the Odds-Maker be prepared to drop all of your past preferences for alerts and filters. This tool makes experimenting with different and new combinations easy and painless. In fact it’s encouraged because the feedback is instantaneous.
• Your usual strategies may reveal some shortcomings. This means that if you only like to buy breakouts or sell breakdown or only like to trade one direction long or short, be prepared to be frustrated. It may not be tuned in to what the market is currently doing.
• It is very possible and even most likely that you will find the things you have believed to be working are actually not well suited for a trading strategy.
• Be prepared to trade in both directions, long and short. The Odds Maker will tell you what is working right now. If you have trouble creating a good strategy for going long it may simply be that the odds favor shorting at this time, and the same thing works for shorting.