How do we know if a trading strategy works?
We can check if it has worked so far by backtesting it on historical data. Now you can easily run backtests with Forex Strategy Builder. Select the trading rules and indicators, choose the time frame and see how much you would have made if you had traded the strategy for the last month/year/decade.
Where can I get trading strategies?
The Internet is full of trading algorithms but most of them will cost you. Use the strategy generator tool to create your own strategies based on your trading preferences. Optimize them to fit the time frame and the type of account you are currently using.
Are my backtest results reliable?
You can never be 100% certain. But you can use our detailed statistics to sift out unrealistic strategies and focus on the most promising ones. The market will show you the ones that work and the ones that don’t.
Trade it automatically!
What is a trading strategy?
A trading strategy is a set of rules that determine when to enter and when to exit the market. It usually includes technical indicators that signal certain price patterns and gives us an opportunity to profit from them. Equally important is the risk management – you don’t want to bet the house on a single deal. Generally, you need to cut bad positions early and keep profitable ones longer.
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