Backtesting is a key part of any strategy development. In this guide we will show you how to conduct a proper manual backtest in MT4 and record and evaluate your results. We will also highlight some options that may be useful when backtesting a strategy including free MT4 indicators to help you. How to backtest
The Initial Balance (IB) is a well established method for identifying key support and resistance levels for intraday traders. Trading strategies have been developed to make use of these levels as well as variations such as the opening range breakout (ORB). The Initial Balance was originally made popular by futures traders in the pits. The
With the advent of derivatives and extensive out of hours markets, many markets can be traded at any time. But just because you can trade a market at any time doesn’t mean you should. In this article we will uncover what the different trading sessions are for the forex markets and what the best sessions
For many people financial trading is a dream about making big money and giving up on work. But what is the reality for a retail trader? We conducted a poll for some very interesting results! Trader’s expectations do not match reality in terms of expected profit and capital required to make a living off trading.