Learn The Basics Of Lowest Low Value Function

The Lowest Low Value Function will return the lowest value of the selected ‘data array’ from a specified number of periods.  For example, assume we wanted to identify the lowest value of the volume in the last 15 periods. To do this we would simply code a lowest low...
Why Money Management is Important in Trading

Why Money Management is Important in Trading

Stocks, Forex, Futures, Options, Commodities or whatever you trade. A Successful trading consists of three factors as follows: Psychology for 50% Money Management for 30% Market Analysis and Trading Systems for 20% For many traders, they spend most of their time...
The Secret Art of Backtesting

The Secret Art of Backtesting

If you have not back tested your trading system, you might as well trade with your eyes close. In fact, whatever technical analysis criterion you use to trade with, be it moving averages, candle sticks, volatility breakouts, fibonacci retracements or any other trading...
The Matter of Time in Trading

The Matter of Time in Trading

Chart patterns that offer trading opportunities form equally through all time frames. The setups remain valid in chart of every time frame, whether they appear on 5-minute or monthly bars. Each time frame attracts a specialized group of traders that interacts with all...
Turtle Trading – A Complete System

Turtle Trading – A Complete System

The Turtle Trading System was considered as a complete trading system. What are components of a complete trading system? A complete system must cover each of the decisions required for successful trading, which consists of 6 components as follows. 1. Markets –...
Metastock Directional Movement Tutorial

Metastock Directional Movement Tutorial

MetaStock has hundreds of indicators and functions, one of the more commonly known is Directional Movement. The DMI measure the strength of a prevailing trend as well as determining whether movement exists in the market. Consequently, the directional movement system...