Small breakout this morning, but USA is doing the opposite to Europe again. Looks like we’ve formed a double top. Will there be more bear action, or are we stuck in a range between 13300 and 13150? Wouldn’t shock me for it to break out upwards now since that’s not what I’m expecting…
Away from manual trading, I’ve been looking at SWA for stocks and forex. I was hoping to find a golden parameter set that would work for all pairs and run simultaneously, but I can’t find that, it seems all pairs have their own characteristics and no set of rules works for everything. I have managed to get good results on more volatile charts with back tests over many years.
DAX - data before 2020 is sketchy, so not sure how accurate the left is. This is based on price movement over the last 3 candles. If they move over a certain percent of current price, then it takes a trade in that direction. This has no tp and is only closed by a trailing stop. I’m using 4H chart.
GBPJPY - Again 4H chart. This is done using @Dennis3450 SWA formula. If SWA is over 1%, it enters a trade. No SL or TP. Every new candle, it tracks the SWA value. If it drops by a certain amount from its highest value, then it closes the trade. It won’t open a new trade until SWA has gone back below 1%
No idea if I’ve got lucky with parameters, or there’s real hope for these strategies. I’ve got the EAs running on a demo account now for debugging and see how they go. No trades yet, but it only made 360 over 5.5 years, so guess I’ve got to be patient…
Does anybody know a VPS provider that gives a 30 day free trial? I thought Pepperstone did a sponsored VPS, but think that’s not for the UK like everything else. Would rather try it on a proper station than my flakey PC that could do a Windows update at any moment.