The QQE is a mysterious indicator that sometimes pops up in trading forums. Does it deserve a place alongside the more traditional momentum indicators like the RSI and CCI? Let’s add it to a trend following strategy to find out! The complete strategy can be… Bollinger Bands are great at detecting overbought and oversold conditions. […]

A trailing stop is a dynamic stop loss that moves in tandem with prices to protect your floating profits. If you’re in a long trade, the trailing stop moves upward as profits accrue. If prices move against you, however, the stop does not move. The chart below shows a 100-pip trailing stop applied to a […]

Traders are perpetually engaged in the search for better entry signals. With today’s backtesting software, we can quickly quantify an entry’s profitability over years of historical data. The Edge ratio, first proposed by Curtis Faith in Way of the Turtle, is a unique metric that can help with entry selection. The ratio is derived from […]

This has to be among the top 5 questions I’ve received over the years. Continual improvement is the name of the game, but to improve, you first need an objective way to measure performance. So as a retail trader, is there a professional benchmark, against which…

The forex markets are open 24 hours a day, but not all hours are created equal. Trading volumes are known to vary significantly throughout the day. But I’m not one to listen to anecdotes, so I decided to dissect my broker data and verify it for myself. It’s in the Data Here’s how you can […]