How to manually backtest forex trading strategies – simulator and software

In this article, we are going to see how to backtest forex trading strategies using 5 methods. 1- F 12MT4 strategy testerTradingViewSoft4fx Forex SimulatorForex Tester We are also going to see which one of those methods is the best way to manually backtest a forex trading strategy. Spoiler: The best way to backtest a forex trading strategy is Forex tester, however, you can use Soft4fx forex simulator if you want to pay less. Why are they the best ways? to…

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Forex Manual Backtest – Backtesting Report and Using Excel

In this article, we are going to see what information we need to collect for a manual backtest, particularly in forex; how to gather them, what can be found in a backtesting report and what do they tell us and how we can calculate the information we’ve gathered using Excel. If you are new to backtesting and you want to know what the backtesting is or how we can backtest automatically and manually using multiple ways, you can check this…

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11 Tips and Tricks for MetaTrader 4 Tools

There is no doubt that MetaTrader 4 (MT4) is the most useful and practical platform of trading. The speed and compatibility of Metatrader are unparalleled. The only problem that MT4 has is its appearance which is as if we were living in 1990. They try to make a few tweaks to it by releasing MT5, but nothing exceptional happened in terms of the whole skin and it’s still somehow ugly but of course loveable. Here we are going to take…

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Are Demo Accounts Rigged By Forex Brokers?

The answer is yes and no or it doesn’t matter, or does it! *scratching his head* When you‘ve just started forex and opened a demo account you’re just like a superhero, virtually of course, with a lot of money, fake one obviously. Something like batman except not with batmobile, but with a batatrader or any other bat platforms. “Do you really want to say something valuable?” Sorry, let’s look at the question one more time. Are demo accounts rigged by…

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Forex Average Daily Range

The table of average daily range for 28 currency pairs from 2014 to 2020. (the numbers are rounded) Average Daily Range of Gold (XAUUSD) was added to the table For Average Daily Range of Exotic Forex pairs see here Update on June, 2020 Help:  Use the filter for CURRENCY PAIR tab (click on it) to sort it alphabetically  Use the filter of each year to sort currency pairs based on the least and most volatility according to that yearUse search…

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Forex Scalping – Ins and Outs

Forex scalping is the fastest way of trading and as a scalper, you have more on your plate than other types of traders such as swing traders or position traders who stay in a trade much longer, therefore, you see difficulties that they might not even see in their career. Of course, there are some factors that if you know in the first place, you'll lose less and become profitable sooner. Some of the factors are internal and related to…

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