by Wayne | Nov 10, 2021 | Trading Strategies
With the forex markets trading 24 hours a day, price gaps are relatively uncommon. Does the occasional weekend gap contain a statistical edge? Let’s find out by backtesting the EURJPY’s gaps over the past 18 years! The strategy programmed below can be...
by Wayne | Nov 5, 2021 | Trading Strategies
Not all entries are created equal. Can we identify higher probability entries, and apply larger position sizing to them? Here I’ll attempt to augment a GBPJPY trend following strategy with dynamic position sizing, and backtest its performance over 18 years. I...
by Wayne | Oct 27, 2021 | Trading Strategies
Pivot points provide a convenient method to identify intraday support and resistance levels. This post will first explain how pivot points are calculated and interpreted. I’ll then use them to program a simple mean reversion strategy for the EURCHF. You can...
by Wayne | Oct 18, 2021 | Trading Strategies
The Money Flow Index (MFI) is another momentum oscillator that MT4 provides by default. With a similar calculation as the RSI, can it offer the same level of performance? This post will cover: MFI calculations How to use the MFI Trend following using the MFI Tweaking...
by Wayne | Dec 16, 2020 | Strategy Development
Converting your trading idea into an algorithm is the first step towards reaping the benefits of automated trading. This guide will cover the creation of a simple moving average crossover algorithm using AlgoWizard, without any actual programming. The complete...
