Once you've tried forex algo trading, you'll may never go back to traditional trading. Before you incorporate algorithms into your forex trading strategy, it's important to understand what makes a good algorithm.
Over the past decade, trading execution algorithms (aka “trade algos”) have become increasingly essential for traders of all shapes and sizes. And now, the key is not just the use of algorithms in trading but choosing the best ones to use.
The biggest challenge faced by technical analysts is how best to use domain knowledge to infer an appropriate bias in their algorithms. Here, we dive into the subject of model selection using a system for the pound/dollar.