Open for new ideas and models
Hi Stever,
The initial idea that I shared in this thread was just for discussion and as a start to find better models. I agree that one need to consider as inputs other forces too for prediction. Many forex brokers do not have option to trade other comodities so its not possible to get the data for other commodities.
I currently use data from different currency pairs (inter-market) to predict the strength of EURUSD. Its still in research so I cannot mention any results, but I agree that predicting based on the history data of a single currency pair and its derived indicators is not very reliable. Your winning % of 60 is good as a start. if you can achieve the same with your model in forex, you can create reliable trading strategies.
Also prediction on daily basis will show good winning ratio in training and testing NN, but poor results practically on accounts with small amounts. I am not a full-time trader and am not an investor so I use smaller timeframes (M1-M15) for forecating signals. You can think my trading style as a NN scalper.
I am open for new ideas and discussion either in this thread or in a new thread on building trading systems based on NN.
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