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Update 2012-01-21: It looks like there was a major error in the MetaQuotes hourly data for the currency pairs. The first several years of data was only one hour per day, and that day was 00:00 server time or exactly 23:00 GMT. That’s why there was such a high peak …

The final piece of Forex infographics that is presented to you by EarnForex is the visualized statistics of the currency and currency pair popularity in Forex trading. Although London still hosts the largest volume of daily Forex transactions, the Great Britain pound is only 4th by popularity, the same as GBP/USD among the currency …

After a little e-mail conversation with one of my site’s visitors about the statistical expert advisor, example of which I shared publicly in August 2008, I’ve remembered about a more advanced version, which, while still isn’t profitable, can be a much better example and foundation for the future self-learning statistical EAs …

After saying so much about the statistical Forex systems, I think it’s time to give an example of one. But first, I have to warn that this exert advisor «as is» wasn’t profitable during tests — it had its losses and gains, but spread losses took over eventually, so I can’t suggest using it on your real …

The final part of my introduction into statistical Forex system development is dedicated to the complexity of the resulting expert advisor (or automated program if you want to create such strategy for anything else than MetaTrader platform).

When traders think …

After statistical Forex systems were introduced in my blog, I’ve described the problems of timeframe selection and statistics gathering. Now it’s time to discuss the decision making problem of such trading systems.

When a completed strategy has enough statistical information and a sample from the current market …

Earlier I’ve described the statistical Forex systems and introduced the problem of choosing the right timeframe to gather the statistics for such systems. Today I will try to describe the problem of choosing the right information that is collected for the statistical trading system.

Gathering the statistics …

In one of the previous posts I’ve introduced the statistical Forex system definition and marked up the important problems that should be solved in the process of its creation. Here I will try to explain more about the problem of the statistics gathering.

Choosing the timeframe for the statistics…

Statistical Forex system is a system that relies on the information which was previously collected from the market and the amount of this information is proportional to the period of time, on which the market is analyzed. Common input parameters optimized over the period of time aren’t considered as the statistical information, …