MACD & Stochastic Double Cross System

by Shaun Overton What would happen if we combined the indicators from different systems? Would they work together to make a stronger system or would they work against each other? I recently covered a MACD Trading System and a Stochastic Trading System. Combining these two systems can give us stronger signals. This should, in theory, help to reduce […]

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Fading range reversals is a powerful forex trading strategy. This “fading” strategy capitalizes on markets’ tendency to revert back toward their mean values in time. It relies on simple rules, and there’s plenty of room for adjusting it to fit any market. Range reversal signals rely on input from earlier-opening markets, which can provide the […]

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Bad Money Management

In my last post I said I was going to talk today about win/loss ratio and risk/reward ratio. However, I started thinking about something that ties in with the last post which talks about the emotions of greed and fear in connection with money management. (You can read the last post here: Trading Money Management Greed […]

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Written by Shaun Overton Correlation strategies appeal to forex traders because it removes the stress associated with picking market direction. When two correlated pairs diverge from one another, the idea is to simply buy one pair and sell the other. What are correlated currency pairs? Correlation offers a mathematical probability of two “time series” moving […]

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The short summary is that time based orders in MT4 are possible. You just need to keep in mind some of the technical limitations. MetaTrader 4 EAs work based off of incoming ticks. Whenever the bid/ask changes by a micro pip or more, that event triggers the EA to do something. When the markets hum […]

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by Shaun Overton https://www.youtube.com/watch?v=cfZ0QHcvYGo Trading forex with a Martingale money management system will almost inevitably lead to blowing up an account. I’ve written about this inevitable outcomes repeatedly over the past six months. At the risk of beating a dead horse, I figured that visual proof would alleviate any lingering hopes once and for all. […]

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The Impact of Timing on Euro Scalping

A few months ago, Jeff from System Trader Success wrote a post where he backtested a version of a Euro Scalping Strategy that Shaun had stumbled across while working on another project. Both Jeff and Shaun believed the scalping strategy had merit, but they also agreed that the strategy would need to be improved in order to be able to overcome the […]

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What’s the best indicator to use?

A major concern of newer traders is which is the best indicator for them to use in their trading.  Also, they want to know if indicators can be broken down into beginning, intermediate and advanced trading categories. Personally, I don’t think of indicators as being in categories or this one is the best and that […]

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