We all want a large sample of trades in our backtests, but practical limitations such as data availability often get in the way. Here I’ll explain why 30 trades is insufficient, and how you can use standard error to quantify the uncertainty arising from a small… In this third and final part of the MT4 […]

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 “mother of all reports”—the nonfarm payrolls. What are the […]

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… Trade slippage is the common enemy that erodes your strategy’s expectancy, and usually […]

The forex market is the largest and most liquid financial market in the world. According to the Bank of International Settlements, the forex daily turnover exceeds $6 trillion. Who are the major players in this market? Read on to find out! 1. Central Banks Central… Many years ago, a stock broker told me, “When the […]

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… Not all entries are created equal. Can we identify […]