I would constantly update this post because it is also evolving over time and I would also want to write about my failures. My findings are as precious as my successful findings.
Design of my Trading Platform
Trading
Trading Technologies
The Untold Side of the Turtle Trading Legacy ft. Bill Eckhardt – A must listen podcast
The link to the podcast: The Untold Side of the Turtle Trading Legacy ft. Bill Eckhardt & Rob Sorrentino | Top Traders Unplugged The structure of the market is that the money flows from the many to the few. So, you have to be among the few, not among the many. If you do normal human reflexes, normal human reactions, then you’ll almost always find yourself among the many and you’ll be a loser. Trading…
Monthly Updated List of 157 Reliable MQL5 Signals – Test Starting for 2025
As of 12122024 I have selected 157 signals from mql5 signal list. I had the following criteria Max Drawdown 40%Min 1% Profit per monthmin 50 trading weeksmin 1.5 profit factor Here is the list of 157 signals in an excel file. (I will attach the file here.) Every month I will update the results excel below. You would see the date and end result…. Enjoy 157 Signal report file is just up in the link…
13 Laws of Trading – No Compromise can be done!
The 13 Laws # 1 – Have A Game Plan When Trading… And Stick To It # 2 – Control Your Emotions At All Times # 3 – Stay Disciplined And Think Objectively # 4 – Don’t Trade Just To Trade # 5 – Never Think About Money When Trading # 6 – Winning Percentage Means Absolutely Nothing # 7 – Lose Like A Professional # 8 – Let Your Winners Run # 9 –…
Trading Results Online Analysis is Available
Thanks to sites likewww.myfxbook.com and www.fxblue.com we have nearly infinite way of analyzing our trading performance. I generated an online results analysis page. https://ugurcandan.com/trading/ With the link provided you have a near real time analysis of my trades in MT4 terminal. This is extremely useful because trading companies archive your trades after 30 to 90 days. In such cases you loose your valuable learning potential and just left with results at monthly break down. I…
How to Select Best Signals?
The Sharpe ratio is interpreted as follows:Sharpe Ratio < 0 Poor. The strategy is generally unprofitable.Sharpe Ratio < 1.0 Undefined. The risks are not justified. The use of such strategies can only be considered when there are no alternatives.Sharpe Ratio ≥ 1.0 Good. If the Sharpe Ratio is higher than one, it means that the risks are justified by the portfolio/strategy performance.Sharpe Ratio ≥ 3.0 Excellent. A high ratio indicates lower probability of losses in…
Results of 2023 Trading–All of 2023
Let’s first look at the results of different investment tools in 2023 I have selected commodities, crypto currencies and some interesting stocks for comparison. The table below represents the summary of all trades of 2023. All values are either ratios or In Euro currency. https://ugurcandan.com/wp-content/uploads/2024/01/DetailedStatement2023.xlsx All transactions listed.
Test for Telegram Forex Signals Part II
Test dates: 01-06-2023 to 01-12-2023 Telegram Channel Name: XAUUSD (Gold) Master Subscriber 1,700 users Total Trades: 460 Short Trades (won %): 249 (32.13%) Long Trades (won %): 211 (36.02%) Total Deals: 920 Profit Trades (% of total): 156 (33.91%) Loss Trades (% of total): 304 (66.09%) Largest profit trade: 218.72 Largest loss trade:-72.85 Average profit trade: 6.70 Average loss trade: -5.63 Maximum : 11 (18.59) Maximum consecutive losses ($): 20 (-111.70) Maximal : 442.55 (7)…
Fooled by Randomness by Nassim Nicholas Taleb – Evidence of change in Risk Management
From: Fooled by Randomness by Nassim Nicholas Taleb The book is quoted by Fortune as “ One of the smartest books of all time”. Probably an over statement by still a very interesting read because you can both have an understanding of science, culture and psychology on trading. I would agree and disagree on some of his comments. All Fundamental comments I would agree but for the new era of AI and real time risk…
What does “The Tortoise Trainer” and “Business Transformation” have in common?
Rule #1 – There would always be a question mark on if it would be successful or not? Once you google “The Tortoise Trainer” you will get the most expensive piece of art in Turkish Painting – Painted by Osman Hamdi. The Tortoise Trainer is a painting by Osman Hamdi Bey, with a first version created in 1906 and a second in 1907. Hamdi’s painting of an anachronistic historical character attempting to train tortoises is…