Several forex investors, including myself, invest long periods of time trying out fresh forex programs and techniques. We possibly may purchase a method or locate a successful technique on-one of the trading boards, as an example, or we possibly may prepare our very own method fromscratch. In any event we’ll generally might like to do considerable backtesting to find out when the method is in fact successful or not, therefore below are a few tips to contemplate.
Have you ever wondered what makes a Forex trading signal a success? Obviously if it makes pips, there is very little if no drawdown, it happens often and you can count on it to be successful much more than it fails. Wouldn’t that be the definition of a successful Forex signal?
I would like to give you some information that took me nearly three years to find and I stumbled on it while reading a book by Constance Brown a well known trading author. In her book she mentioned that she knew Andrew Cardwell THE expert on RSI, the Relative Strength Index. She said he could discuss the nuances of RSI for hours. This was enough to get me interested.