Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
19 documents
The article explains a countertrend martingale approach in which a trader adds to a losing position at set price intervals, hoping a later reversal will recover accumulated losses. It works through a foreign exchange example with equal size additions and…
R-Breaker uses the previous session’s high, low, and close to calculate six reference levels for the current session. The document contrasts this setup with conventional pivot points and describes a hybrid approach: reversal trades are considered when price…
The article explains grid trading combined with Martingale position sizing and distinguishes traditional, hedged, and trend-oriented variants. Traditional grids place multiple pending orders with fixed, multiplied, or percentage-based sizing. Hedged grids…
The article compares eight forex expert advisers built around Martingale or grid trading. It describes their entry filters, position sizing, grid spacing, and exit methods. Examples include trend or oscillator filters for initial trades, ATR-based spacing,…
This article recounts ten episodes it labels currency wars, moving from early paper money and metallic standards through sterling and dollar dominance, the breakdown of Bretton Woods, Latin American debt, Japan's Plaza Accord, European exchange-rate turmoil,…
The article distinguishes following a visible trend from trying to anticipate how large participants may use crowded positioning. It argues that traders should first assess the broader trend, while recognizing that directions can differ across chart time…
The author reflects on losses in leveraged forex trading and explains two staking approaches using a fair coin game. A martingale raises stakes after losses and depends on effectively unlimited capital; a reverse martingale risks a fixed fraction of current…
The document presents reusable M-language modules for quantitative trading, including percentage price change, new highs, price and volume surges, narrow ranges, moving-average alignment, prior-high locations, and price gaps. It also outlines moving…
The article distinguishes broker internalization, described as betting directly against a client’s unforwarded order, from market making, where a firm posts two-sided prices and supplies liquidity. It explains that a broker routing a client order to…
The document argues that traders should treat stop losses as a planned risk-control rule rather than an emotional response to a losing position. It uses the “Alligator Principle” to illustrate why delaying an exit after recognizing a trade is wrong can…
The article explains trading as the transfer of risk between participants. It distinguishes investors, who buy underlying businesses or assets for long-term value, from traders who trade financial contracts and focus on price. It describes hedging as a way…
This article explains triangular arbitrage using three currencies and temporarily inconsistent exchange rates. It first illustrates how to compare a directly quoted cross rate with a synthetic rate derived through two other currency pairs. If the three…
The document explains how forex pairs are structured, distinguishing the base currency from the quote currency, and describes common currency groupings such as major, commodity-linked, perceived safe-haven, high-yield, and risk-sensitive currencies. It…
The article describes a discretionary system-building process and a trend-following approach intended to withstand prolonged sideways markets. Its central method uses a higher timeframe to define direction and manage the trailing stop, while a lower…
The document describes an intraday volatility breakout approach proposed for EUR/USD and the DAX on 30-minute and hourly charts. It compares a one-period average true range with an average daily high-low range calculated over the prior three days. When…
The document presents a flow-based framework for macro trading, arguing that traders should study how liquidity and credit move through central banks, commercial banks, companies, and shadow banks. It explains how bank lending creates deposits, why…
The article explains that trading outcomes depend on both the proportion of winning trades and the average size of wins relative to losses. It gives examples intended to show that a low win rate can still be profitable when average wins are much larger,…
The document explains Last Look in decentralized foreign-exchange trading: a liquidity provider may review and reject an order even after it matches a displayed quote. It places the practice within the traditional quote process of inquiry, quote, execution,…
The article introduces support vector machines for classifying next-day currency returns. It explains maximum-margin boundaries, soft margins that allow some classification errors, and the kernel trick for representing nonlinear boundaries in a…