Hi Merlin, Still finishing it ... too little time in the day, and there is plenty of substance in this one so want to give it the attention it merits. I've got some time off next week and should be able to polish it off. My wife claims that it takes ...

Backtesting vs. Thought Process

Netdania's free charts have these. Go to www.netdania.com , and click on "Finance Chart" on the left. There you will find web based forex charts that include weekly and monthly timeframes. James

Monthly,Weekly forex charts

FT, I may be wrong, but I don't think this rules out what I was suggesting. I'm not suggesting changing the currency of any account - I'm suggesting having two accounts based in differing currencies and transferring funds between them. My main ...

Forex For Converting Funds?

Hi Narafa, Can you elaborate on the differences between historical and implied volatility? Are both of them some function of standard deviation? What is different about the way that they are calculated? On measuring beta for forex - on netdania free ...

How do you define risk?

Definitely true. I think it is more difficult to meaningfully compare risk for systems that use different general trading methods than for two systems that use basically the same trading method. Everything would be relative to your objectives. On ...

How do you define risk?

Agreed. Although getting a feel for this seems to become easier very quickly the more systems that I try. James

How do you define risk?

Hi FT, This is an excellent point. The first step to meaningfully comparing the risk between two systems is to define your objectives - what you are trying to accomplish. Risk only exists within a context. Good food for thought on slippage - I don't ...

How do you define risk?

Nader, But why does increased volatility imply increased risk. Everyone says it does, but I'm having trouble coming up with a good reason to explain such a relationship. Thanks. James

How do you define risk?

Hi Mudbudda, % risk money management makes a lot of sense, but it doesn't help me to understand whether system A is more or less risky than system B. I think that question is worth trying to figure out - simply or otherwise. James

How do you define risk?

Nader, Thanks! In what way do you see pair volatility as a factor in defining risk? James

How do you define risk?

Hi Johan, Time - very good point. It doesn't really matter how likely a system (or a single trade) is to recover if it's going to take 500 years for that recover to occur! James

How do you define risk?

Hi Dailist! Very descriptive - you should become an author! Your analogy addresses the important of position size and stop loss size. I agree that the larger your position size (relative to your account size) the larger your risk. I don't ...

How do you define risk?

Hi meedo29. Elders talks about - Size of trading account. Agree this is a big factor in position sizing (and that position sizing is one fundamental determinate of risk.) I use % risk money management, which factors this in. - Trading method. This ...

How do you define risk?

Your welcome. Hope it works for you. James

Forex For Converting Funds?

.... thinking about this more .... it would eliminate the risk of the forex market moving on you, but it would not solve the problem of exchange services charging exorbitant spreads. James

Forex For Converting Funds?

Good thinking, Merlin! That would work. James

Forex For Converting Funds?

Hi John, and welcome to forex factory! I think you could do this with Oanda (www.oanda.com). They do accounts in both USD and CAD. It is also possible to own a sub account - effectively two accounts. When I set up my sub account one of the questions ...

Forex For Converting Funds?

Hi Merlin, I only know him from his posts on different internet forums. The system is available in an excel spreadsheet at his website. He trades with Oanda, and opens a subaccount where he parks half of his cash. He then builds up positions on high ...

Profiting from interest rate differentials.

Havn't been with them in over a year, but it used to be that the demo account feed was MUCH less reliable than the live feed. I never could figure out why they did that, but the difference was dramatic. James

Any CMS-Forex traders out there ?