With the forex markets trading 24 hours a day, price gaps are relatively uncommon. Does the occasional weekend gap contain a statistical edge? Let’s find out by backtesting the EURJPY’s gaps over the past 18 years! The strategy programmed below can be… Pivot points provide a convenient method to identify intraday support and resistance levels. […]
book review Archives – TradingTact
An investment in knowledge pays the best interest. And what better way to block out the noise of the internet and acquire knowledge than to dive into the trading literature? Today I’ll review “Building Winning Algorithmic Trading Systems,” which helped me out…
Dual CCI Indicator Forex Trend Strategy – TradingTact
The CCI indicator was invented by Donald Lambert in 1980 to detect cyclical turns in commodities, and has since become one of the most popular momentum indicators. In essence, it measures the current price relative to an average price over a given lookback period. Unlike most indicators, the CCI uses typical price instead of closing price. Some […]
Strategy Optimization Using MT4 – TradingTact
Optimization is the process of customizing your strategy’s logic and/or parameters to suit a particular market. The assumption is that the market’s historical behaviour will be repeated in future, allowing your strategy to remain profitable. When it comes to optimization, the old adage ‘less is more’ certainly rings true. Some level of optimization is often […]
Forex Trading With Volume – Does It Work? – TradingTact
Traders have long used volume to gain insights into the markets. For exchange-traded assets like stocks, volume refers to the number of shares that changed hands over that period. It is usually plotted below prices, and gives a good indication of the level of participation in the market. Why is Volume Useful? Volume primarily serves […]