Below are the performance statistics of our “Trade of the Day” website posts. The posts can be found at this location: https://trader.autochartist.com/category/market-analysis/ Accuracy – the quantity of posts that reached their forecast price. Total Forecast Pips – the cumulative number of pips reached by correct forecasts Total Drawdown Pips – the cumulative maximum drawdown shown before […]

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Day trading is challenging. Don’t let anyone tell you otherwise. The odds are stacked against you, and the risk of loss lurks at every turn. That’s why it’s important to understand the ground rules of day trading. Start with your Range One of the most common mistakes with day trading is failing to identify the […]

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A Martingale forex strategy offers a risky way for traders to bet that long-term statistics will revert to their means. Forex traders use Martingale cost-averaging strategies to average down in losing trades. These strategies are risky and there are no long-run benefits. But with no long-term benefits, why do traders make use of this system? […]

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Much research has gone into pinpointing the causes of mechanical trading systems failures, especially after the fact. Although it may seem oxymoronic (or, to some traders, simply moronic), the main reason why these trading systems fail is because they rely too much on the hands-free, fire-and-forget nature of mechanical trading. Algorithms themselves lack the objective […]

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