Trade With No Indicators? Click Here To Find Out Who Is Crazy Enough To Do That
 

Sitting On Your Hands Is Also A Position

December 14th, 2011 / Leave a comment
hands

I have received a couple of questions this week asking if I am still trading.  The short answer is yes, I look at the charts daily.  The reason that I have not been blogging trades is that my setups have not been hit this month.

Actually, it did go off once, but I wasn’t around [...]

How to Find New Possible Trade Setups

December 23rd, 2010 / Leave a comment
setups

Here is quick video on something I do when I backtest. I will go through historical periods when I don’t even place any trades. I just watch the price movement and see if I can identify any patterns that emerge in relation to the indicators that I am using.

This is example of one of [...]

Back Testing Results - GBPJPY TriScreen Round 2

June 8th, 2009 / 5 comments - (Comments are closed)

Hello,

I realized by looking that the first round of testing I didn’t show too many pictures and it was hard to visualize the trade so I am going to include more screenshots.

As you might notice, this round of testing was done with the new version of ForexTester.  I really like it.  The original [...]

Back Testing Results - GBPJPY TriScreen Test 1

February 26th, 2009 / One comment - (Comments are closed)

I just completed test number 1 of the TriScreen trade on the GBPJPY with Forex Tester.

The TriScreen trade is as follows:

Looking for MACD (12, 26, 9) divergence on the 1 hour chart. Williams %R (62 period, 10/90 signal lines) has to roll out of overbought or oversold. Price has to be hitting a [...]

Head and Shoulders Testing

November 3rd, 2008 / 2 comments - (Comments are closed)

I just completed another round of testing on the GBPJPY 1 hour charts, testing only the head and shoulders pattern. My parameters were:

Look for bounce of right shoulder near the same level as the left shoulder. The bounce has to be confirmed by a candle that either shows a long wick [...]

More Testing

July 6th, 2008 / Comments are closed

I just finished another round of testing with excellent results.  I tested support an resistance trades on the EURUSD 4 hour chart.  Starting with $10,000 I ended with $15,118.84 from 2001 to 2008.  Not a huge return on a yearly basis but profitable nonetheless.  See my Forex Tester screen below: Some things that I learned [...]

Forex Back Testing Software

May 19th, 2008 / 12 comments
Test Your Strategies First With Forex Backtesting Software

When I first started in Forex, I was looking around for affordable, easy to use forex backtesting software. This is the one I found and I still continue to use it. Read this article to find out why. [...]