Taking on Forex trading is, like any endeavor, a journey that has its own set of victories and defeats. For you to become a successful trader, besides diligently educating yourself, planning, and executing your strategies, the ability to remain coolheaded and not get tangled up in emotions is as crucial as the rest. This is […]
In this post we share with you an Expert Advisor that helps us with our Backtesting. Specifically, we want to haveclean and live data before we run our Backtesting. This Expert Advisor will automatically save data at any given time in our MT4 platform, giving us reliable information to test our strategies.
Feel free to leave us some feedback if you have any questions on the code or if you just like our tutorials!
Source code below
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Have you ever noticed how often you bargain for things you want to buy while travelling abroad, even if the price is already far less than what you would expect to pay in your own country? Because you’re just trying to get the price you think is best for what you’re purchasing! Well, in trading you should be thinking similarly – just because you regularly make money from your established take-profit level, are you extracting the maximum amount from every trade? Is my stop-loss too close to my entry point? How is my take-profit in regards to my stop-loss? Let’s discuss about how to set your take-profit.
The timeframes offered by various FOREX trading platforms are essential elements to your trading plan and investment strategy. One of the most common questions from traders is “What time frame works best?” There are a few different time frames you can work with, so let’s see how you can use them to identify FOREX market phases.
Whether being a trader is your full-time job or you wish to get an additional return on your savings, investing on the FOREX market involves carefully thinking about which trading strategy you will implement based on your capital, your time horizon, your risk aversion, your money management, your psychology etc.
Should we always rely on symmetry in buying and selling parameters?
Once you start learning about trading strategy and the technical indicators available, you will often see the same widely used parameters for popular indicators, as if these parameters were absolute rules that are set in stone.
On this blog post, we will know more about different perspectives on symmetrical parameters in Forex Trading.
Today I wanted to share some thoughts on buying and selling on Forex Market:
When I was in New York, I took the photo with the charging bull and it made me thought about this question, what does the charging bull represent? Why is it a bull and not a bear?
Why do people get excited about Forex Trading but fail in the end?
When it comes to Forex trading, you see it’s not just about putting enthusiasm and setting trades based on a strategy or a gut feeling. Setting up a statistical approach is very important to get profitable results on the long term. You have to think and be smart by monitoring statistical parameters which can help you track and detect strategy deterioration. Regardless of whether you are using Forex Robots or you are trading manually, parameters such as profit factor, expected pay-off or recovery factor are just three of the things that you should never overlook.