* You are viewing the archive for the ‘Test Your System’ Category
Collective2 offers point-and-click to find a trading system that matches what you’re looking for. You can also read notes and analysis about trading systems written by other community members to help you find the trading strategies that suit your trading style.
via Collective2 – Find the best trading strategy.
Someone actually wrote an expert advisor on MT4 to prove whether the theory is right or wrong. It’s a very interesting read. The most interesting of all is that the author discovered the following:
For EURUSD there is 100% probability to Take Profit with 5 points. That is, if I have traded at 13.00 depending on the trend of the Asian session, during the last 50 days, with small 5 points Take Profit, I would always trade successfully. What can I say – it’s a pity that I didn’t know about it. For pips hunters the results can be used as additional information, the study with the deeper history (100 and more days) yields less unambiguous results.
@ mql4
The Tradency platform is a complementary solution to the broker’s retail trading platform. This alternative unique trading platform was designed to assist both novice traders making their first steps in the Forex market as well as experienced traders who wish to diversify their investment.
The Tradency’s mirror trading platform enables traders to build up their trading portfolio of automated strategies and control their risk.
I received an email from my broker regarding the changes in forex trading. I personally don’t use Hedging as a strategy, but wondered if this change had something to do with the recent economy down turn.
Dear Customers:
Interbank FX, along with all FCM’s, has received information from the NFA that we wanted to pass along to our customers. All registered FCM’s have received a new Compliance Rule 2-43 regarding forex trading. On May 15, 2009, forex customers will no longer be allowed open “hedged” positions in their accounts. Please see an excerpt from the new NFA rule below. If you are currently using Hedging as a trading strategy, we would encourage you to use the Interbank FX Demo accounts over the next month to help modify your trading strategy. Also, for those of you who utilize hedging strategy with your “Expert Advisors”, we would encourage you modify your code and test your advisor on the Interbank FX Demo servers as well. In order to assure a smooth transition for our customers to the new NFA Compliance Rule, Interbank FX has set May 8, 2009 as the last date that customers will be able to Hedge open positions.
I came across this discussion on the Oanda board today about someone’s margin call experience. Somewhere in the thread, someone mentioned that always use a stop loss and never use the margin call as the stop loss. I couldn’t agree more. Don’t let each trade lose more than 2% or 3% of your total investment capital. Strict money management is king to the successful Forex trading.
