Risks of a Martingale Strategy

A Martingale forex strategy offers a risky way for traders to bet that that long-term statistics will revert to their means. Forex traders use Martingale cost-averaging strategies to average-down in losing trades. These strategies are risky and long-run benefits are non-existant. Here’s why Martingale strategies are attractive to forex traders: First, under ideal conditions and […]

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Never Trust a Trend Line

What can we say about trend line? Is there any trader in the world that hasn’t used them? I seriously doubt it. We’ve been told time and again, “Trust the trend line. The trend line is our friend.” The visual appeal of a trend line is just irresistible… trimming the trend and showing you the […]

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Ground rules for day trading

Day trading is challenging. Don’t let anyone tell you otherwise. The odds are stacked against you and the risks of loss seemingly lurks at every turn. That’s why it’s important to understand some ground rules about day trading. The rules are there so that you can safely swim with the sharks. Range is Key for […]

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Repainting Indicators in MetaTrader

Repainting indicators are one of the most common problems facing would-be EA designers. Sometimes it seems like an indicator really has its thumb on the market. It perfectly predicts when the market will go up or down. Making an EA run off of the indicator is a no-brainer. If this sounds familiar, then you need […]

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Custom offline charts in MetaTrader 4

When you click on the File dialog at the top of MetaTrader, one of the top options is “Open Offline.” Most people have no idea what that option does or why it is useful. Offline charts offer the ability to display custom time frames, although doing so requires programming a custom script. Scripts sort through […]

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All of the EAs that we program generally use one of three types of money management. I don’t really like that term, though. I believe that position sizing formula is generally more accurate. The options are: Fixed Lot Size Use a percentage of available margin Lose a certain percentage of the account balance whenever the […]

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By: Dima Chernovolov EUR/JPY previously broke the daily Falling Wedge chart pattern which was recently identified by Autochartist. Autochartist measures the Quality of this Falling Wedge at the 6 bar level – which is the result of the slow Initial Trend (1 bar) and near-maximum Uniformity and Clarity (both rated at the 9 bar level). […]

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The Multiple Day Mean Reversion System is designed to pick up quick profits from ETFs that wander a little too far from their current trend. It is based on the mean reversion assumption that all markets will eventually revert back to their average price. Similar to the 3 Day High/Low Mean Reversion System, this one […]

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Moving Average Crossover with RSI Filter

Simple systems stand the best chances of succeeding by not becoming overly curve-fit. However, adding a simple filter to a robust system can be a great way to improve its profitability, provided you also analyze how it may alter any risks or biases built into the system.  The Moving Average Crossover System with RSI Filter […]

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