Using a Fixed Spread for Backtesting Forex EA with MT4 Strategy Tester

Spread used by strategy tester is very critical to backtest a forex EA. MT4′s strategy tester uses the current live spread at the time a test is started. There are two serious problems with this approach: Test results can vary significantly depending on the live spread when the test is started. Consecutive tests of the … Read more Using a Fixed Spread for Backtesting Forex EA with MT4 Strategy Tester

The Daily Trading Coach – 101 Lessons for Becoming Your Own Trading Psychologist

My reading book for this coming week – The Daily Trading Coach Preview of the book: Every trader is an entrepreneur. And just as a new business must capitalize upon the strengths of its founders, a career in the markets crucially hinges upon the assets—personal and monetary—of the trader. As an active trader and a … Read more The Daily Trading Coach – 101 Lessons for Becoming Your Own Trading Psychologist

How to Read Strategy Tester Report – Expert Advisors (EA) Testing

Please find the below for detail explanation on Strategy Tester Report from MetaQuotes Software Corp. Introduction Any expert can be tested on history data. After the expert has been tested, the summarized expert testing results and some key characteristics are displayed in the “Report” tab. Reports allow comparing to each other both various experts and the … Read more How to Read Strategy Tester Report – Expert Advisors (EA) Testing

Forex Growth Bot Review – Worst Case That Happened to Me!

There are few solid reasons why I chose Forex Growth Bot as my very first EA to trade out of hundred thousands of EAs out there: 1. Have no suffered any losses (annually return) since year 2000 (with Tim’s Optimization Settings) 2. There is LIVE account by vendor and it is proven profitable 3. I … Read more Forex Growth Bot Review – Worst Case That Happened to Me!

February 2013 Forex Trading Results

Here are my forex trading results for January 2013. During this month, I only trade SimplePips Forex System. SimplePips Forex System Date Pips 2013.02.05 +29.2 2013.02.12 +30.0 2013.02.13 +30.0 2013.02.14 +30.0 2013.02.15 -34.2 2013.02.18 -9.3 2013.02.19 +0.6 2013.02.20 +29.6 2013.02.21 +29.7 2013.02.25 -6.0 Monthly Gain +129.6 Monthly Return +11.03%   If you’re interested to have … Read more February 2013 Forex Trading Results

My Forex Account Monthly Statements – Income Reports

Every month, I journal my trading performance and write an income report based on my Alpari UK live trading account monthly statement. I do a print screen of the monthly statement, which sent by  Alpari (UK) Ltd. (dcon@alpari.co.uk ) to my gmail account. I think that this is the most real and honest way as … Read more My Forex Account Monthly Statements – Income Reports