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… Not all entries are created equal. Can we identify higher probability entries, 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…

A big advantage of algorithmic trading is the ability to simultaneously trade a large number of strategies around the clock. But these strategies are only as reliable as the computer you trade them on. A forex VPS has become a permanent staple in my trading toolbox. I have a VPS with FXVM, with about 70 […]

If you’re a trend follower like me, the word ‘breakout’ is music to your ears. An explosive breakout could signal the start of a major price trend. If you trade manually, chart patterns like flags and triangles are often good predictors of upcoming breakouts. Discerning chart patterns using a trading algorithm is rather challenging. Fortunately, […]

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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…

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 […]

In the diverse world of strategy development, there are often multiple approaches to the same problem. Traditional parameter optimization is often used to determine your strategy’s stop loss placement. Here I’ll demonstrate a more visual method using the concept of maximum adverse excursion, and compare the results from both methods. What is Maximum Adverse Excursion? […]

Aug 24, 2023 With its daily turnover of over $6 trillion, who are the major players in the forex market? Let’s see how retail traders stack up! read more Aug 16, 2023 Serious traders invest in quality education. Should you read “Building Winning Algorithmic Trading Systems” by Kevin Davey? read more Aug 10, 2023 A […]

The forex markets are open 24 hours a day, but not all hours are created equal. Trading volumes are known to vary significantly throughout the day. But I’m not one to listen to anecdotes, so I decided to dissect my broker data and verify it for myself….

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…

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…

Correlations Volatility Heat Map You’ll need to refresh this page to update the forex data. Correlation is the extent to which two markets move in the same direction at the same time. It is measured using the Pearson correlation coefficient. A coefficient of 100% means two markets are perfectly correlated. They rise and fall at the […]

With trend following growing in popularity, there is an abundance of trend indicators to choose from. When I heard about the catchy Supertrend indicator, I knew I had to check it out. What is the Supertrend Indicator? The Supertrend is not available in MT4 by default, but you can download it here (together with the […]