Forex Tester 3: How Backtesting Strategies Saved my Trading Career

Forex Tester 3 saved my money

Hey traders, this post is a review on the software, Forex Tester 3, that I use everyday for my strategy back testing. If you would like to have a free trial you can get it here.

Lots of people who are struggling with their trading methods for a long time are looking for help on how they can start taking Forex trading as a serious business and quantify their results. I started this blog to help you get to the next stage of being a professional trader who finally Continue reading “Forex Tester 3: How Backtesting Strategies Saved my Trading Career”

Trading Without Stop Loss?

Hi traders, in the past weeks I spoke with some friends and a lot of them are talking about stop losses and the possibility of trading without stop loss.

Well, I wouldn’t encourage you to do that, as I personally is a firm believer of using stop loss to limit my risk exposures. Today I will show you a simple way of Continue reading “Trading Without Stop Loss?”

Bollinger Bands reversal with high accuracy

What are Bollinger Bands reversal patterns?

Hi traders, in this article, I will feature a few of the Bollinger Bands reversal patterns that I personally use very often in my trading. These are valuable trading ideas that you can incorporate into your own trading strategies.

Before I jump into details, let me say this…

I always encourage traders Continue reading “Bollinger Bands reversal with high accuracy”

Why is back testing so important?

An old friend of mine once told me that back testing is not necessary. This is because past results may not represent future performance. To me, that was simply an excuse given by lazy traders who aren’t serious about improving their own trading business.

To a certain extent, I do agree that successful back-testing results do not 100% guarantee success in your live trading. Maybe 90% to 95%? But that is about the closest you can get, to have any form of basic profiling of your trading method and strategy. Continue reading “Why is back testing so important?”