Sometimes it is hard to find the right risk setting for an Algorithmic Trading System.   In this case the setting is 4.1 – and that means that I have tried other values before and that didn’t work very well.   The basic idea is to start with a small risk setting and increase

More
Strategy Test STOCHASTIC Risk4.1 GBPCHF

  Most people have never seen something like a risk setting and they don’t know that something like that exists.   So why does it even make a difference?   What do you think is the difference between a risk setting of 6 or 7 in this case?   It is about $50000 of profit.

More
Strategy Test 2019 STOCHASTIC Risk07 EURJPY

  A good trading result has a lot in common with a good dish.   If you want to cook something tasty, you need good ingredients.   For trading the good ingredients are the currency pairs that are liquid and dependable.   On top of the good ingredients, you need to use the right spices.

More
Strategy Test 2019 STOCHASTIC Risk16 EURCHF

  One thing that is always important is a good timing.   I remember when I was a discretionary trader.   Back then I had to work and I had a 3 hours commute, so I was away for almost 12 hours.   And when I came back it was in the evening, so I

More
Strategy Test 2019 STOCHASTIC Risk18 CHFJPY

  Have you seen those demo account millionaires?   How hard is it actually to grow an account to almost half a million dollars?   Well, in this video you will see that happen and it looks like it is no problem.   But that is only half of the story.   At some time

More
Strategy Test 2019 STOCHASTIC Risk10 EURAUD

  Most traders have a fear problem.   But why?    Actually it is not so hard to avoid fear.   There are a few obvious things that you can do.   First of all, you can use a demo account to get started.   You will not lose any money on a demo account,

More
Strategy Test 2019 STOCHASTIC Risk10 EURGBP

  One of the biggest problems is the sizing.   If you open too many positions, you may have a big draw down.   If you open only a few positions, you might miss out on some profit.   I think trading is like sailing.   You need to adjust the sail to the current

More
Strategy Test 2019 STOCHASTIC Risk25 AUDCHF

  To make good profits with trading, you need some trading capital.   I often wish that trading capital would be a seperate kind of money, but unfortunately money is actually the resource that is used to pay for almost everything.   A good chunk of my trading capital was used to buy a new

More
Strategy Test 2019 STOCHASTIC Risk12 AUDJPY

  Good profits are what we want, but there is another thing that is even more important.   We want to make those good profits with as little risk as possible.   A high risk seems to be a good way to make a lot of money, but actually it is rather a good way

More
Strategy Test 2019 STOCHASTIC Risk08 EURCAD