Every day I come across a trading guru offering educational content on the internet. Many of them speak of huge returns with minimal effort. Should these be trusted? Here’s some tips on how to separate the wheat from the chaff. Like most people, I watch YouTube…
Trade Slippage: How Can You Simulate and Minimize It? – TradingTact
Every trader has complained about slippage at some point. Like spread and commissions, it is sometimes an unavoidable cost of trading. Nonetheless, minimizing slippage should be a goal of every trader. In addition, can we improve our backtest realism by simulating slippage? Let’s discuss! What’s Slippage, and Why Does It Happen? Slippage is the difference […]
Strategy Development Archives – Page 3 of 4 – TradingTact
They say the trend is your friend, but how do you find your friends in the forex jungle? This post shows you how to use the ADX indicator to identify forex markets and timeframes that trend well. The ADX algorithm explained below can be downloaded from the Free… The ability to efficiently trade a diversified […]
Indicators Archives – TradingTact
Pivot points provide a convenient method to identify intraday support and resistance levels. This post will first explain how pivot points are calculated and interpreted. I’ll then use them to program a simple mean reversion strategy for the EURCHF. You can… The Money Flow Index (MFI) is another momentum oscillator that MT4 provides by default. […]
Books – TradingTact
It’s finally here! My first trading e-book, Trend Following Hacks, is now selling on Amazon! Tired of missing another market trend? Sick of reading “secrets” and “ultimate” guides that don’t deliver? This no-frills trend following guide slices through the marketing fluff and explains the tools and concepts you need to start beating the markets. In […]