Following our first installment of the Trader's Guide to Backtesting: Part 1, we'll be delving into backtesting optimisation and curve fitting, out of sample data and optimal optimisation in Part 2 of the series. Optimization & Curve Fitting Once you have verified the quality of the data that your backtest is modelled on, you can run your ...
Backtesting: To Test or not To Test? One of the key elements which determines whether a trader will become a consistently profitable market participant or join the swollen ranks of losing retail traders, is the individual’s ability to execute a 'rules based technical trading strategy'. The professional trader defines a specific rule set which a...
As every trader knows, there is no guarantee the market will go the way you expect it; even if you have the best strategy, and the best fundamental understanding of economics and finance - there can still be an unexpected event that comes along to throw the market in disarray. Ultimately, you are considering the relative likelihood that the m...
In order to maximise gains and reduce losses, traders typically turn to fundamental, technical and sentiment analysis. While fundamental analysis tells traders about intrinsic market values, technical analysis relies on past performance of a financial instrument. The third branch, sentiment analysis, is used to determine the general attitude of ...
In this short video we look at the CCI - Commodity channel Index! This MT4 indicator is used to analyse if the market is currently overbought or oversold. Originally developed by Donald Lambert, its use was initially applied to commodities (hence it's name). Now however, after being applied into the MT4 platform, can be used on a variety o...
In 2015 a major trading firm listed on the NYSE did a study of their clients' trading habits over the prior semester. They collected data on how often trades were successful and how much money the traders ultimately made. While the conclusions were very interesting, they reported some good news and some bad news. Let's get over the bad fir...
Most trading strategies put their emphasis on finding out when to enter the market. Whether it's technical or fundamental, everyone is looking for an entry signal. However, this only covers half of the trade. As any trader knows, there are two parts of any trade: getting in the market, and getting out of the market. Arguably, the more importa...
Today's Episode of Fundamental Fun is the release of the minutes from the last ECB meeting, which are officially known as - and that's how they appear in the economic calendar - as Account of Monetary Policy Meeting. So, what are they? When the European Central Bank has it's policy meeting, the decisions that are made are immediately communic...
Forex volatility refers to currency fluctuations in the global foreign exchange market. Price movements can vary from hour-to-hour, second-to-second depending on a huge number of factors – but is volatility good or bad for traders? Let’s take a closer look. Volatility in the Short Term When it comes to making money in the financial markets, th...
The Nonfarm Payroll (NFP) is a highly anticipated economic report which signals the strength of the US economy. It is closely analysed to predict Gross Domestic Product (GDP) growth and inflation rates and has the power to move global financial markets. So, lets look at what to watch for in May's NFP. Three things about the NFP release: ...
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