Browsing through the MQL5 Marketplace is a fun way to discover the many types of trading algorithms in existence. I have seen backtests containing anywhere from 5 to 5000 trades. So how many trades (or sample size) does your backtest really need? And if you suspect your backtest has insufficient trades, can you still make […]
5 Forex Day Trading Challenges & How to Overcome Them – TradingTact
With the potential for quick profits and the excitement of the rapidly moving markets, forex day trading seems to be gaining popularity. I suspect this is fueled by the hordes of trading gurus who portray the ideal trader lifestyle – you sit on a beach with your cocktail, execute a few trades with the click […]
Dynamic Position Sizing: Is It Time to Go Big? – TradingTact
I was reading The Art of Currency Trading by Brent Donnelly, where he lists his 25 rules of forex trading. In particular, rule #14 states: There is a time and a place to go big. The idea is to increase your position sizing when you come across very high probability trades, thus increasing your number […]
Portfolio Archives – TradingTact
The ability to efficiently trade a diversified portfolio of strategies is one of the biggest advantages of algorithmic trading. Here we will use QuantAnalyzer’s Portfolio Master to build a portfolio consisting of high performing, uncorrelated strategies. Unlike…
Which Forex Markets Are the Best for Trend Following? – TradingTact
Trend following remains one of the most popular and reliable approaches in forex trading. We’ve all had the experience of witnessing an incredible trend, and wishing we had been a part of it. Such trends often begin after a shift in market fundamentals, and are subsequently maintained by herd mentality. Catching one of these big […]