The Rules Of The Road

Rules for my robots and money management going forward. the maximum daily risk for $100 account is 5% (reduced for larger accounts) my current risk is a way to high my current strategy waits too long to get into a trade and usually gets in near the top or bottom...

The Foolishness Of BackTesting

Unrealistic Expectations I think backtesting in MT4, the way it is typically done is a big waste of time. We are trying to test the robustness of an EA (or trading Robot) over a very long period of time in all types of market conditions. But this isn’t how we...

The Day Of The Loss Recovery Trader

Today I followed my friend Brad and purchased the “Loss Recovery Trader Premium” Expert Advisor (EA) from  Michalis Phylactou on the (very excellent) website Mql5. My plan is to learn how to use this Bad Boy and see it as a type of programming. There are...