Tags |
|
|
Links |
|
|
Casual Articles - 5 Questions You Need To Have Answered Before You Back-Test Your Forex System
It should go without saying that there is no better way to maintain a carefully created People Place than to hang on to your existing loyal producers. Unfortunately, not nearly enough emphasis is applied in this area. Begin by taking note of who these employees are.Retain Proven PerformersUtilize your existing personnel resources – be aware of the experience, skills and ambitions of current employees. Get out and be visible among your staff – they are your most valuable resource.One of the leading causes of discontent is poor placement, the consequences of which are felt at all levels. Unfortunately, all too often these days, any available body is thrown at a position or
I had an email the other day from a friend who has a new website that is only few months old. He is selling a good set of products that are priced well and on a well designed website, which still needs SEO. Not to mention that there is a hell of a lot of room in the market for his products, as I found out after a little investigation.However because he was entering the Xmas period and any organic SEO would be too slow, he decided to go the way on PPC. I said good idea just make sure you target your keywords properly. Big mistake on my part as I should have asked him what his understanding of PPC’s and targeting the right keywords and keyword phrases, so your ROI remains high.He
Let us jump right in...
1. What data type are you using (or going to use)?
I know this sounds strange, especially if you have experience from another market such as stocks as their generally is only one type of data source available. However, in the forex market you can have up to 4 different data types: bid, ask, mid and indicative. Each have their own little nuances.
If you would like to know more about the data types then visit the article written about the perils of indicative prices. As this will save me from having to repeat the information again and boring those who've already read it.
So, if you know you have indicative prices then you know you're in for some good results! However, if you have any of the other three you need to be careful on how stop and limit orders are placed.
As an example: If we had bid price history and we were looking to place a buy entry stop at 0830 EST according to the day's high, then we know that the bid price will not accurately reflect what the actual price of our order should be. You would have noticed that if you placed a buy entry stop at the exact same price as that of the day's high you would have entered prematurely - you would have entered 4 or 5 pips before the high or the low of the day was touched (the exact s
HTML (hypertext markup language) is the simple scripting language used to build web pages. Its primary function is to define the structure of content, like the way you might structure a term paper and its table of contents. It has evolved to also be used for text formatting (look and feel).Some free classifieds websites allow you to include HTML in your ad posts. This allows you to enhance the look and feel of your post, include photos and links, making it more effective. You can use too much of it too and unless you are a graphic or web designer you may not know exactly how much to use.Web UsabilityThe first thing to remember and keep in mind while creating anything for th
If you would like to know more about the data types then visit the article written about the perils of indicative prices. As this will save me from having to repeat the information again and boring those who've already read it.
So, if you know you have indicative prices then you know you're in for some good results! However, if you have any of the other three you need to be careful on how stop and limit orders are placed.
As an example: If we had bid price history and we were looking to place a buy entry stop at 0830 EST according to the day's high, then we know that the bid price will not accurately reflect what the actual price of our order should be. You would have noticed that if you placed a buy entry stop at the exact same price as that of the day's high you would have entered prematurely - you would have entered 4 or 5 pips before the high or the low of the day was touched (the exact
What is ecommerce? Ecommerce of course is the art or process of doing business online. You can call it whatever you want, but a tiger by a different name is still a tiger. And that is the way I feel. You can call ecommerce web business, you can call ecommerce online business, you can call ecommerce home internet business - you can call it anything you want - but it is basically the art of making money online.So what are the basics to making money with ecommerce? There are two basics to making money online, with ecommerce? One is that of traffic, and the other is conversions. You have to have conversions to make any money online, and you have to have traffic to get conversions, that is for
So, if you know you have indicative prices then you know you're in for some good results! However, if you have any of the other three you need to be careful on how stop and limit orders are placed.
As an example: If we had bid price history and we were looking to place a buy entry stop at 0830 EST according to the day's high, then we know that the bid price will not accurately reflect what the actual price of our order should be. You would have noticed that if you placed a buy entry stop at the exact same price as that of the day's high you would have entered prematurely - you would have entered 4 or 5 pips before the high or the low of the day was touched (the exact
Tom works in a cubicle in the marketing department. Glenna runs machines in a factory. Jeff is out on the road selling most of the time.All these people work for big companies with well-known CEOs. The business press trumpets the importance of CEOs and their innovative strategies. They rarely talk about the managers, first-line supervisors and sales managers down in the trenches.If you work for a medium to large company you've probably got a CEO at the top of the organizational tree and a different boss you report to directly. To figure out which one is more important, answer the following questions along with me.Which boss can make your day?Tom's boss, Frank, is
As an example: If we had bid price history and we were looking to place a buy entry stop at 0830 EST according to the day's high, then we know that the bid price will not accurately reflect what the actual price of our order should be. You would have noticed that if you placed a buy entry stop at the exact same price as that of the day's high you would have entered prematurely - you would have entered 4 or 5 pips before the high or the low of the day was touched (the exact
No matter what time of year it is, if you don’t have a clear and concise written plan for where your business is heading you’re in for a surprise. Twelve months from now it will end up somewhere, you just won’t know where. In most cases where you find yourself will not be where you hoped you would be. The key word to notice in the previous sentence is ‘hope’ – successful businesses aren’t run on hope.Why not try on a new perspective and see planning as a way to reduce future frustration and disappointment instead of seeing it as a boring task you are supposed to do. Stay connected to the positive feelings you want to have about your business. Focus on having a business that is thrivi
This leads me into the next most important question...
2. What spread is your broker offering on the currencies you are bask-testing?
You need to know this as this can help you set your slippage settings on each currency.
As our example in question 1 pointed out. We found that our buy at the day's high method did not exactly work because we bought at the BID PRICE high, not the ASK PRICE high - the price that we need when we place our order TO BUY.
Therefore, we enter in a slippage setting representing the spread that would be exhibited by this trade on this currency.
But knowing at what price to buy is only half the problem... how do we know what quantity to buy?
3. What margin does your broker offer?
If we know at what price to buy our currency at we need to inform our broker on what quantity to buy to fulfill the order. We only know what quantity to buy by the margin that the brokerage firm offers.
Most brokerage firms offer 100:1 leverage, however, some firms offer mini accounts with 200:1 leverage, others only 50:1 leverage.
Find out the margin required.
4. What restrictions does your broker impose?
Now, I don't just mean margin and spread restric
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/96193/casualarticles-5-Questions-You-Need-To-Have-Answered-Before-You-BackTest-Your-Forex-System.html">5 Questions You Need To Have Answered Before You Back-Test Your Forex System</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/96193/casualarticles-5-Questions-You-Need-To-Have-Answered-Before-You-BackTest-Your-Forex-System.html]5 Questions You Need To Have Answered Before You Back-Test Your Forex System[/url]
Related Articles:
The Wrong Way to Impress a Customer
4 Ways to Bring More Traffic to Your Website
Bookmark it:
|