Develop a Backup System

Whatever system you choose for your charting and data needs — whether it’s a high-end system that charges hundreds of dollars a month or a free Web site — make sure to have a backup plan. No matter how costly or clever, systems do go down, and problems usually strike just when you need the systems the most. Make sure that you have a backup that you can rely on when you’re faced with a system failure.

You should also have a backup system that you can use for confirmation when something just doesn’t look right on a particular chart, or when it looks too good to be true. Data errors are a part of the game, and using a backup system for checking on what seems like a sure thing can save you some heartache and losses.

For more information on how to choose a primary and backup system for your data and trading needs, flip back to Chapter 4.

Get Candlestick Charting For Dummies® now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.