新加坡狮城论坛

返回列表 发帖 付费广告
查看: 778|回复: 0

浅谈交易系统

[复制链接]
发表于 11-10-2006 18:20:00|来自:广东广州 | 显示全部楼层 |阅读模式
<p class="MsoNormal" align="center" style="MARGIN: 0cm 15pt 7.8pt 0cm; TEXT-INDENT: 31.7pt; LINE-HEIGHT: 150%; TEXT-ALIGN: center; mso-pagination: widow-orphan; mso-para-margin-top: 0cm; mso-char-indent-count: 2.0; mso-para-margin-left: 0cm; mso-para-margin-right: 1.43gd; mso-para-margin-bottom: .5gd;"><b style="mso-bidi-font-weight: normal;"><span style="FONT-SIZE: 14pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt;"><font size="5">浅谈交易系统<br/><span lang="EN-US"><p></p></span></font></span></b></p><p></p><p class="MsoNormal" style="MARGIN: 0cm 15pt 7.8pt 0cm; TEXT-INDENT: 24.6pt; LINE-HEIGHT: 150%; mso-pagination: widow-orphan; mso-para-margin-top: 0cm; mso-char-indent-count: 2.0; mso-para-margin-left: 0cm; mso-para-margin-right: 1.43gd; mso-para-margin-bottom: .5gd;"><font size="3"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">大多数成功的交易员都有一套完整的交易系统。一个良好的交易系统可以自动运行整个交易程序。对于交易员在交易中必须制定的每项决策,系统都会给出答案。该系统使交易员更容易进行一致性的交易,因为有一套明确说明应该做什么的法则。交易的机械化就是不留给交易员自己进行主观想象的决策。</span><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="FONT-SIZE: 14pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt;"><p></p></span></b></font></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 15pt 7.8pt 0cm; TEXT-INDENT: 24.6pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-para-margin-top: 0cm; mso-char-indent-count: 2.0; mso-para-margin-left: 0cm; mso-para-margin-right: 1.43gd; mso-para-margin-bottom: .5gd;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;"><font size="3">那么一个完整的交易系统包括了交易的哪些方面呢<span lang="EN-US">?<p></p></span></font></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 15pt 7.8pt 0cm; TEXT-INDENT: 24.7pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-para-margin-top: 0cm; mso-char-indent-count: 2.0; mso-para-margin-left: 0cm; mso-para-margin-right: 1.43gd; mso-para-margin-bottom: .5gd;"><font size="3"><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">市场</span></b><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;">----</span></b><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">买卖什么</span></b></font><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;"><font size="3">在我们进行交易的时候第一项应该明确的是:买卖什么,其本质上在何种市场进行交易。如果你只交易国内的商品期货,那么你还得选择具体的品种。如果只在很少的几个市场或品种上中进行交易,你就大大减少了赶上趋势的机会。同时也要避免在交易量太少或者趋势不明朗的市场中进行交易。</font></span><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;"><br/><font size="3"><span style="mso-spacerun: yes;">&nbsp;</span><span style="mso-spacerun: yes;">&nbsp;</span><span style="mso-spacerun: yes;">&nbsp;</span></font></span><font size="3"><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">头寸规模</span></b><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;">----</span></b><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">买卖多少 <span lang="EN-US">(</span>资金使用量<span lang="EN-US">)</span></span></b></font><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;"><font size="3">有关买卖多少的决策绝对是基本的,然而,通常又是被大多数投资者曲解或错误对待的</font></span><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;"><font size="3">买卖多少既影响多样化,又影响资金管理。多样化就是努力在诸多投资工具上分散风险,并且通过增加抓住成功交易的机会而增加赢利的机会<span lang="EN-US">,</span>特别是以技术分析为主的特别应如此。正确的多样化要求在多种不同的交易品种上进行类似的(如果不是同样的话)下注。资金管理实际上就是关于通过下注过多以至于在良好的趋势到来之前就用完自己的资金<span lang="EN-US">,</span>同时也是对风险的有效控制,是资金曲线持续稳定地增长保证.</font></span><font size="3"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">买卖多少是交易中最重要的一个方面。大多数交易新手在单项交易中冒太大的风险,即使他们拥有其他方面有效的交易风格,他们的资金曲线也会上下波动幅度很大,同时大大增加了他们破产的机会。</span><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;"><p></p></span></font></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 15pt 7.8pt 0cm; TEXT-INDENT: 24.7pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-para-margin-top: 0cm; mso-char-indent-count: 2.0; mso-para-margin-left: 0cm; mso-para-margin-right: 1.43gd; mso-para-margin-bottom: .5gd;"><font size="3"><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">入市</span></b><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;">----</span></b><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">何时买卖</span></b></font><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;"><font size="3">何时买卖的决策通常称为入市决策。自动运行的交易系统产生入市信号,这些信号说明了进入市场买卖的明确的价位和市场条件。<span lang="EN-US"><p></p></span></font></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 15pt 7.8pt 0cm; TEXT-INDENT: 24.7pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-para-margin-top: 0cm; mso-char-indent-count: 2.0; mso-para-margin-left: 0cm; mso-para-margin-right: 1.43gd; mso-para-margin-bottom: .5gd;"><font size="3"><b style="mso-bidi-font-weight: normal;"><span style="LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">加码<span lang="EN-US">----</span>何时增加头寸</span></b></font><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;"><font size="3">何时增加头寸,让资金最大化的使用,让你的利润不断的放大;这是在扛杆投资市场当中的最大优势。然而我们应该在何时加码,增加多少头寸,这些都应该明确给出相应的信号。</font><span lang="EN"><br/><span style="mso-spacerun: yes;"><font size="3">&nbsp;&nbsp;&nbsp; </font></span></span></span><font size="3"><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">止损</span></b><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;">----</span></b><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">何时退出亏损的头寸</span></b></font><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;"><font size="3">长期来看,不会止住亏损的交易员不会取得成功。关于止亏,最重要的是在你建立头寸之前预先设定退出的点位。</font></span><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;"><br/><span style="mso-spacerun: yes;"><font size="3">&nbsp;&nbsp;&nbsp; </font></span></span><font size="3"><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">离市</span></b><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;">----</span></b><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">何时退出赢利的头寸<span lang="EN-US">(</span>止赢<span lang="EN-US">)</span></span></b></font><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;"><font size="3">许多<span lang="EN-US">“</span>交易系统<span lang="EN-US">”</span>并没有明确说明赢利头寸的离市。但是,何时退出赢利头寸的问题对于系统的收益性是至关重要的。任何不说明赢利头寸的离市的交易系统都不是一个完整的交易系统。</font></span><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;"><br/><span style="mso-spacerun: yes;"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp; </font></span></span><font size="3"><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">策略</span></b><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;">----</span></b><b style="mso-bidi-font-weight: normal;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">如何买卖</span></b></font><font size="3"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;">信号一旦产生,关于执行的机械化方面的策略考虑就变得重要起来。这对于规模较大的投资帐户尤其是个实际问题,因为其头寸的进退可能会导致显著的反向价格波动或市场影响。</span><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt; mso-ansi-language: EN;"> <span lang="EN"><p></p></span></span></font></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 15pt 7.8pt 0cm; TEXT-INDENT: 24.6pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-para-margin-top: 0cm; mso-char-indent-count: 2.0; mso-para-margin-left: 0cm; mso-para-margin-right: 1.43gd; mso-para-margin-bottom: .5gd;"><span style="COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; LETTER-SPACING: 0.9pt; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt; mso-bidi-font-size: 10.5pt;"><font size="3">如果你知道自己的系统能够长期赚钱,就会比较容易接受信号,并且在亏损期间按照系统信号进行交易;如果你在交易中依赖自己的判断,你可能会发现恰恰应该勇敢时你却胆怯,而恰恰应该小心翼翼时你却勇气十足;如果你有一个机械交易系统在发挥作用而且你一致地跟随它,那么,尽管有来自于一长串亏损或者巨额赢利内心的挣扎,你的交易都将是一致的。自信、一致性以及由彻底检测过的机械交易系统所保证的纪律,同时也是大多数交易员成功的关键。<span lang="EN-US"><p></p></span></font></span></p>

发表回复

您需要登录后才可以回帖 登录 | 注册会员 新浪微博登陆

本版积分规则

联系客服 关注微信 下载APP 小程序 返回顶部 返回列表