Apr 21

Forex Trading Robots

Forex Trading Robots have made an inroad in retail online forex trading.  Generally it is a good idea to have your best forex trading system run automatically, as this removes a lot of psychological pressure off traders that otherwise would need to manage their open positions manually.

However, using a trading robot software leads to a whole new set of issues, which is something that is easily overlooked. Continue reading »

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Apr 16


Understanding Trading System Backtesting Limitations

The last couple of months I have been heavily involved in developing and backtesting an automatic trading system for an institutional investor.  To protect the innocent, I’m not going to disclose what derivative instrument this new automatic trading system is targetting.  What I do want to share are some of the finer points of trading system backtesting.  Read on…! Continue reading »

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Apr 13

Moving Averages hold the promise of showing the trend part of price action.  They do this by removing high frequency signal content from your noisy price action data series (i.e. Moving Averages remove ‘noise’), hoping that what is left will indeed show trend information more clearly… Continue reading »

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Apr 12

Demo-trading results suggests to you that you have finally stumbled across a currency trading system that actually works.  Good for you! But now what?
“Handling the good idea” can be tricky, so I suggest that you halt a moment to evaluate whether your trading system is really that good.

  • Does your system use sound market principles?
  • How did you backtest your currency trading system?
  • How good is your backtesting software?
  • Can your backtesting platform really provide information that is solid enough to base an expectancy on?

I have to admit that I learned a lot about backtesting the expensive way. More than once I was happy with backtesting results and then was getting dismayed about the real trades that ensued. Does this sound familiar to you? It may not be your fault, read on: Continue reading »

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Apr 09

One of the perceived advantages of Forex trading that the markets are opened 24×5.  Actually a bit longer than that as the spot markets open at Sunday evening New Zealand time, and close on Friday evening Central European Time.  Translated into US time zones:  there is no Forex trading during the weekend, from Friday 01:00PM EST to Sunday 05:00PM EST.  Outside this weekend time window, you can place trades at the Forex spot market. Continue reading »

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