Trade slippage is the common enemy that erodes your strategy’s expectancy, and usually becomes more severe after going live. This post will cover: Why slippage occurs 4 simple ways to minimize slippage 3 ways to simulate slippage while backtesting Every trader… A virtual private server (VPS) is a virtual computer that you can rent and […]

The Moving Average Convergence/Divergence (MACD) is a household name in the world of technical trading. Developed by Gerald Appel in the 1970s, it measures momentum by plotting the difference between two exponential moving averages (EMA). MACD Calculations I’ll use MT4’s default MACD from here on out. It consists of two lines: The main line and […]

Many years ago, a stock broker told me, “When the US market sneezes, the world catches a cold.” That still rings true today. If you trade anything at all, chances are you’ll have to pay attention to the US economic reports, and few can trump the…

You’ve probably heard the saying ‘Nobody ever got hurt taking a profit.’ In partial profit taking, you close out a portion of your floating profits, while giving your remaining lots the opportunity to accrue additional profits. This certainly feels good, but does this actually benefit your long-term performance? Should you just let the full position […]

Forex day trading seems to have a particular appeal to new traders. Here I highlight five hidden challenges of day trading, and offer some suggestions on how to overcome them. With the potential for quick profits and the excitement of the rapidly moving markets, forex…