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How to Create a Trading Strategy

Overview​

Document and formalize your trading strategies in the Strategy Board for tracking and analysis.

Steps​

1. Navigate to Strategy Board​

  1. Click "Strategy Board" in sidebar
  2. Or go to main menu > "Strategy Board"

Screenshot: Strategy Board menu

2. Create New Strategy​

  1. Click "+ New Strategy" button
  2. Strategy creation form opens

Screenshot: New strategy button

3. Enter Strategy Details​

Basic Information​

  • Strategy Name: Descriptive name (e.g., "Breakout Trading", "Support Bounce")
  • Description: Brief overview of the strategy
  • Strategy Type: Intraday, Swing, Position, Scalping

Screenshot: Basic details form

Entry Rules​

Document your entry criteria:

  • Technical setup required
  • Indicators to confirm
  • Price action signals
  • Volume requirements
  • Timeframe

Exit Rules​

Define exit conditions:

  • Profit Target: Price target or %
  • Stop Loss: Risk management level
  • Trailing Stop: Dynamic stop rules
  • Time-Based Exit: Hold duration

Screenshot: Entry and exit rules

Risk Management​

  • Max Position Size: % of capital
  • Risk per Trade: Max loss allowed
  • Max Daily Trades: Trade limit
  • Max Daily Loss: Stop trading threshold

4. Add Strategy Checklist​

Create pre-trade checklist:

  • Market condition suitable?
  • Setup confirmed?
  • Risk calculated?
  • Position sized correctly?
  • Exit plan ready?

Screenshot: Strategy checklist

5. Set Performance Goals​

  • Win Rate Target: Expected %
  • Risk-Reward Ratio: Minimum R:R
  • Monthly Target: P&L goal
  • Max Drawdown: Acceptable loss

6. Save Strategy​

  1. Click "Save Strategy"
  2. Strategy added to board
  3. Ready to track trades

Screenshot: Saved strategy

Success!​

Your trading strategy is documented and ready to track.

Strategy Components​

Essential Elements​

📋 Entry Criteria: When to enter
📋 Exit Rules: When to exit
📋 Risk Management: How much to risk
📋 Position Sizing: How many shares/lots
📋 Timeframe: When to trade
📋 Market Conditions: Suitable environment

Optional Elements​

📝 Examples of past trades
📝 Chart patterns to watch
📝 Key indicators
📝 News/events to avoid
📝 Sector preferences

Screenshot: Strategy components

Strategy Templates​

Pre-built Templates​

Choose from:

  • Trend Following
  • Mean Reversion
  • Breakout Strategy
  • Support/Resistance
  • Momentum Trading
  • Gap Trading
  • Custom/Blank

Screenshot: Strategy templates

Testing Mode​

Paper Trading​

  • Mark strategy as "Testing"
  • Track performance without real money
  • Validate before live trading
  • Move to "Active" when ready

Tagging Trades​

After creating strategy:

  1. Tag trades with strategy name
  2. Automatic performance tracking
  3. Win rate per strategy
  4. P&L attribution

Screenshot: Tagging trades

Visual Strategy Board​

Board View​

  • Card layout for each strategy
  • Status indicators (Active, Testing, Paused)
  • Quick stats visible
  • Drag to reorder

Screenshot: Board view

Quick Tips​

  • Be specific with rules
  • Include examples
  • Add checklist items
  • Set realistic goals
  • Review and update regularly
  • Start with tested setups

Strategy Best Practices​

What Makes Good Strategy​

✅ Clear entry and exit rules
✅ Defined risk management
✅ Realistic expectations
✅ Backtested or proven
✅ Fits your personality
✅ Suits market conditions

Common Mistakes​

❌ Too vague rules
❌ No risk management
❌ Unrealistic targets
❌ Too many conditions
❌ Never reviewed/updated

Strategy States​

Status Types​

🟢 Active: Currently trading
🟡 Testing: Paper trading
🔴 Paused: Temporarily stopped
⚫ Archived: No longer using

Collaboration​

Share with Mentor​

If mentee access enabled:

  • Share strategy for feedback
  • Get expert review
  • Improve based on advice
  • Track mentor suggestions

Version Control​

Strategy Evolution​

  • Save versions as you improve
  • Track what changed
  • Compare performance
  • Revert if needed

Screenshot: Strategy versions

Next Steps​

Troubleshooting​

Can't save strategy? Fill all required fields
Rules too long? Use bullet points
How many strategies? Start with 1-3
Need examples? Use templates
Need help? Contact support@tradelyser.com