Most trading statistics online are recycled from other articles. These are measured directly from the price archive that powers the FxBacktest simulator — 25 instruments, daily history reaching back to 2009 on the longest-running markets, refreshed nightly. Every figure is reproducible from the method stated on each page.
in the archive
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The studies
Forex Volatility by Hour of Day
Average hourly range for 10 instruments across every UTC hour, from 922,937 hourly bars. EUR/USD's busiest hour is 3.4× its quietest.
Read the study ->Average Daily Range: 25 Markets
Forex, gold, oil, indices, crypto and stocks on one comparable percentage scale. ETH/USD leads at 6.50% a day.
Read the study ->What Spreads Really Cost
Measured spread across 25 instruments. On EUR/USD it eats 1.2% of the hourly range at the best hour and 26.7% at the worst.
Read the study ->The Risk of Ruin Table
20 strategy profiles × 6 position sizes. A break-even strategy has a 94.08% chance of a 50% drawdown at 10% risk per trade.
Read the study ->A few of the findings
- EUR/USD averages 27.7 pips of range at 14:00 UTC and 8.1 pips at 22:00 UTC — the same pair, 3.4× the movement.
- All 10 instruments measured hit their widest hourly range during the London/New York overlap.
- EUR/USD's average daily range is 90.7 pips (0.76% of price) across 4,252 sessions.
- ETH/USD moves 12× the daily percentage range of EUR/CHF.
- A break-even strategy risking 10% per trade has a 94.08% chance of losing half the account inside 500 trades.
- EUR/USD's spread consumes 1.2% of the hourly range at the cheapest hour and 26.7% at the dearest - a 22x swing in cost across the same day.
How this research is produced
- Source: Dukascopy bid OHLC, held in the FxBacktest archive and replayed bar-for-bar by the simulator. No third-party statistics are recycled.
- Reproducibility: every page states its window, sample size, exclusions and aggregation method, so the figures can be checked independently.
- Honest limits: all ranges are bid-side and exclude spread, commission and slippage. Windows differ by instrument and are always stated.
- No cherry-picking: studies use the full available history for each instrument rather than a selected window.
Using this research
Everything here is free to quote, screenshot or republish — in an article, a video, a newsletter or a course — as long as you credit FxBacktest with a link back to the study you used. Each study page carries a copy-ready attribution line at the bottom. If you need a figure that is not published yet, or a cut of the data for a specific instrument or period, get in touch and we will look at adding it.
Research FAQ
What data does FxBacktest research use?
Dukascopy bid OHLC data held in the FxBacktest historical archive — the same price series the simulator replays for users. It covers 25 instruments across forex, metals, energy, indices, crypto and single stocks, with daily and 4-hour history reaching back to 2009–2010 on the longest-running pairs, and it refreshes nightly.
Can I republish these charts and tables?
Yes. Every study on this page is free to quote, screenshot or republish in articles, videos, newsletters and courses, provided you credit FxBacktest with a link back to the study you used. Each page carries a copy-ready attribution line.
How often is the research updated?
The underlying price archive updates nightly. The studies themselves are regenerated periodically from that archive, and each page states the month it was last rebuilt along with the exact date range of the data behind it.
Is this financial advice?
No. These are historical measurements published for education and reference. They describe what markets have done, which is not a prediction of what they will do, and nothing here is a recommendation to trade any instrument.