This is how to backtest an indicator based on the No Nonsense Forex method of trading. This post is a response to all of the questions coming in on how to properly backtest all of the new indicators that listeners of the Forex Q&A Podcast have been discovering.
This is an unconventional Heiken Ashi trading strategy, but it’s the best move you can possibly make with this thing. The Heiken Ashi indicator is the “Easy Button” of Forex trading. If you’re smart, this should be a red flag. It would be great if we could use it and win with it. […]
Forex Twitter loves to point out round numbers on currency pairs and label them things like “Psychological Levels” and “Big Figure”. Don’t fall for this.
To have the best MACD Strategy, you have to realize what you’re dealing with here. The MACD indicator is one of the most popular indicators in the world. But nobody uses it the right way. Let’s put a proper MACD strategy together by using the best parts of it and ignoring the […]
Trend indicators are easy to find. A good one is not. There are ways to narrow down the search however to find those diamonds in the rough.
The RSI Indicator looked so easy when you first saw it. It worked so well every time somebody else used it. Then what happened when YOU went on to use it? Did you get the same results? There are many reasons why you did not.
Yes, the ATR (Average True Range) is my #1. It’s not even close. And I have tested thousands. Most people aren’t going to like this answer because the ATR does not predict price movement, and this is “boring”. Those people are doomed to fail. This site is not for them anyway. […]