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Trading

Money management is the cornerstone of Forex trading. The main task of any novice trader is not in the deposit multiplication as most of the people think – let us keep this goal to experienced traders who are in the market for several years. The key task of the novice trader is at least to survive in the market...

If one broker is on everyone's lips, its services are used by millions of traders around the world, and the popularity of another broker is poor, it is obvious that one should give preference to the first option. This does not mean that a well-known broker cannot go bankrupt (the stories of Alpari UK and MMCIS brokers are...

Algorithm (script) is a document designed to automate individual’s actions and eliminate the psychological component when it comes to decision-making. When a person knows clearly what and under which circumstances (s)he should do, dramatic...

Backtestng
Why backtesting Forex makes sense?

The importance of backtesting is so often overlooked by Forex traders. And that’s understandable, backtesting is a very tedious and rather difficult task to do manually. And we all know, people want to avoid things that require too much effort. I know as I do myself.
Is it possible to correct the mistakes of trading?

1. When you are not sure about your strategy and looking for the right set of parameters.
Traders often have hard time to discover which parameters of their trading strategies to use. Should you open the long trade when the Simple Moving Average with the 15, 20 or 30 period
How backtesting is different from a live trading?

Backtesting is a trading strategy based on historical forex data. It plays a vital role in determining whether a strategy works or not. In backtesting trading strategy, instead of working in the future period, a trader can simulate on the past data in order to measure its effectiveness. It is very popular strategy...
Why back testing is so important on Forex?

Back testing is a way to confirm that the EA or trading system you intend to use actually does what it intend or seems to be. Nevertheless, your Forex trading system will become pointless if it can't perform the way you thought it was going to.
Replay your trading history from MT4

What if you could shoot the video of all your trading? Of course, you can make use of the camera or any program that captures the screen but this method is not that convenient. As an alternative, you can shoot the video in your MT4, then export it into Forex Tester and...
Control the speed of testing

Every trader knows how boring it is to trade on a demo or live accounts. Even though you feel a lot of emotions while trading on a live account and risking your real money, you still need to wait for a long time waiting for your order to close. Most of the time nothing special happens..
Which parameters for SMA crossover to choose?

This strategy is a well-known one on the Internet but no one suggests which parameters a trader should choose for a profitable trading. This table shows that you can’t choose just random parameters because it will affect your trading significantly. Does this table mean...
How to find a profitable strategy 18 times faster?

  1. Find the strategy.
  2. Test this method on historical data.
  3. Get rid of those strategies that perform badly until you find the one that gives you profit.

News

Backtesting with this pdf gives you a possibility to get to know Forex Tester’s interface and work principles. If any of these strategies performs well on historical data then you can easily start trading with it on a real market but not earlier. The whole meaning of the pdf ...

Data
EURUSD

The EUR USD currency pair tends to be one of the most popular pairs on Forex market. Due to official statistics the USD currency takes the first place and the EUR is at the second place when it comes to the volatility of the currency. That is why it is pretty simple to understand why the mixture of two...
USDJPY

Japanese Yen is the most influent currency of all the Asian ones. The American and Canadian traders who do not like to trade during the day and who would like to earn money on Forex at night are especially interested in USD JPY. This pair allows them trading during the night and satisfies their unique physiological needs...

Technical analysis
Support/resistance levels

Everyone has probably heard about the topic we want to reveal in the following article but the disputes among the traders seem to never stop. Support and resistance levels are the cornerstones of trading no matter what instrument you want to make use of. It is the most significant branch...
Simple moving average formula calculation

SMA = (P1 + P2 + P3 + … + Pn)/N
Where P stands for “price” and N is the quantity of days for which we need to find the calculation.
Nowadays there is no need to calculate this formula by yourself because all the calculation will be made automatically by...
Heikin Ashi

Heikin Ashi (or sometime they call it Heiken Ashi) can be translated from Japanese as the “average pace”. The name and the table speak for themselves: Heikin Ashi is sort of an indicator that makes the price chart to look smoother. If you have ever tried to...
Stochastic Oscillator

Stochastic indicator is a simple momentum oscillator which has been around since the late 1950’s. What the Stochastic oscillator does is to determine just when a currency pair is oversold or overbought – which is why stochastic forex indicators are such an integral part of forex trading.
Japanese candlestick

Candlesticks, also known as candlestick chart patterns in the Forex world are basically charts that will allow you to fully understand when and how you need to trade stocks on the market, and they were invented by Steve Nison. They bring you a lot more information...