There are many options for a trading system.   You can use indicators or oscillators.   You can trade trends or breakouts.   You can use different time frames and different currency pairs.   So how do you know what is the best choice?   As a beginner you probably started with what you

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Strategy Test 2019 SMA1000 Risk 2.8 GBPCAD

In this case we have used a very low risk setting to avoid big draw downs.   The risk setting is used to calculate the number of positions that are allowed for a currency pair and we have the ability to make a small profit instead of a big loss if we choose the right

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Strategy Test 2019 SMA1000 Risk3.2 GBPUSD

Even the best Algorithmic Trading System needs to have strict rules.   It is not possible to code something that is undefined.   Either a condition is true, or it is false.   And you need to decide upfront, because an algo system is a collection of defined functions.   Humans tend to make emotional

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Strategy Test 2019 SMA1000 Risk3.5 GBPCHF

  In 2016 Great Britain started to talk about the Brexit.   In summer 2016, about one or two weeks before the Brexit votum took place, my former broker told me, that there would be something that was called close only mode.   Basically that means that traders would only be able to close open

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Strategy Test 2019 SMA1000 Risk3.5 GBPJPY

Do you think trading is exciting?   For me good trading is dead boring.   I am not excited, because I have learned something.   Yes, I really enjoyed the good surprises when I suddenly made extraordinary profits.   But I didn’t like the extraordinary losses.   In fact a loss is really unpleasant and

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Strategy Test 2019 SMA1000 Risk5 GBPNZD

  From time to time things simply do not work as desired.   There are some common insights that should work, but algorithmic trading systems don’t care about common sense.   For example we all know that it should be easy to pick the right direction.   The price can either go up or down.

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Strategy Test 2019 SMA1000 Risk09 GBPAUD

  Risk is something where humans have problems.   We have problems to properly evaluate risks.   For example I had to drive 3 hours each day for 12 years.   That is risky, because you don’t know how good the other drivers are.   You might be the best driver in the world, but

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Strategy Test 2019 SMA1000 Risk09 EURGBP

  Problems are unavoidable.   No matter what you do, at some point you will make a mistake.   For example I made the mistake to not close my trading netbooks once.   And our cat decided to sleep right on the keyboard.   At that time I had several netbooks no my desk, trading

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Strategy Test 2019 SMA1000 Risk10 EURAUD

A Simple Moving Average for 1000 candles is very slow when the trend changes, so you might prefer to calculate a shorter time span.   Some people prefer to trade Simple Moving Average Crossover systems where you create buy and sell signals based on a crossing of a small and a big SMA.   But

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Strategy Test 2019 SMA1000 Risk11 USDCHF