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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If you’re not a new trader, you’ve probably had the urge to simultaneously deploy several trading strategies. That way, most of the time, you can make money. Of course, that’s theoretically. But the fact is, quite often, combining two different strategies can do more harm than good. I advise traders in their formative years to […]

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Carry Trade Offers Two Ways To Profit

The forex carry trade is a type of strategy in which traders sell currencies of countries with relatively low interest rates, and use the proceeds to buy currencies of countries that yield higher interest rates. Forex carry trading leverages the differences in interest rates between countries. For example, one country’s central bank may lower interest […]

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One of the top questions scalpers want an answer to is whether their broker allows scalping. Among scalpers, it’s constant fear that if their profits swell to significant amounts they’re going to get black listed. But the real question is can you scalp trade without your broker noticing? Theoretically, yes; but in practice it’s not […]

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