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….

Before diving into strategy development, it pays to verify your algorithm’s logic. Unfortunately, with the numerous trading situations that may play out in real-time, debugging your algorithm can be challenging. Fortunately, Metatrader 4 (MT4) comes with a visual backtester that shows how your algorithm interacts with historical prices. This is Part 2 of a 3-part […]

Contrary to what you often see in advertisements, trading is a long-term endeavour, not a get-rich-quick scheme. You have to stay in the game to win it. Knowing your risk of ruin can help safeguard your account balance…and your mental health. Let’s dive into it! What is Risk of Ruin? Risk of ruin (RoR) is […]

This post will illustrate the use of MT4 to: Download free historical data Verify your strategy’s logic Backtest your strategy The complete trading strategy can be downloaded here. Before diving into strategy development, it pays to verify your algorithm’s…

With an abundance of technical indicators available, selecting your strategy’s entry conditions can be overwhelming. This post will illustrate a method to graphically compare the profitability of different entries. Entry selection is arguably the most important…