Basically FuturesUnderstand it
List setup context, observable entry trigger, proposed order type, initial stop logic, profit/exit criteria, position-size formula, exposure caps and invalidation rules. Specify slippage and costs. If there is uncertainty about whether a signal qualified, document the ambiguity and revise the rules before claiming a validated backtest. Keep emergency risk controls separate from the strategy's normal exit.
'Exit when momentum fades' cannot be applied consistently. 'Exit on the next bar after two completed closes below a specified moving average' is at least a testable rule, even if it has no edge.
Watch for this misconception
Adding untested exceptions during a losing streak and still treating results as one strategy.
Use the trading-plan builder to write one unambiguous entry rule and one exit rule.
Trading plan builder ↗Why separate strategy exits from emergency risk rules?
Check the sources
Hypothetical educational examples. Verify current product specifications and rules before making decisions.