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 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 [...]  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 [...] 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 version was good but this version is much more like Metatrader, has added some very useful features and much more user friendly. As I mentioned in the first round of testing, entering with two equal sized lots really created a sharp increase in profitability towards the end of the testing. Therefore, in this round I did that from the beginning to see if that would make a measurable difference. The TriScreen trade is as follows (updated from last round of testing): Click here to continue reading Back Testing Results – GBPJPY TriScreen Round 2 >> I just completed test number 1 of the TriScreen trade on the GBPJPY with Forex Tester. The TriScreen trade is as follows:
Entry Price has to be hitting a support or resistance point. The second peak has to be equal or greater than the first. Enter 2 positions as soon as %R rolls out of the signal areas. Target
Stop Above or below highest resistance or support point. Exit Exit one lot when price hits the target limit. Move the stop on the second position to +5 pips. Click here to see an example. Click here to continue reading Back Testing Results – GBPJPY TriScreen Test 1 >>
I just completed another round of testing on the GBPJPY 1 hour charts, testing only the head and shoulders pattern. My parameters were:
Click here to continue reading Head and Shoulders Testing >> 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: Click here to continue reading More Testing >>  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. [...] |
 
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