Hello VSTscalper, Show back test for +1 years, I would like to see it. Why you not run these algo live with real money man? You seem to have a golden edge, you might as well get rich fast as you can. Even if its on MES.
What type of chart is that? The time difference between each bar is like 1 hour apart! How do you scalp using that??
I see an opportunity to trade EURCAD based on the correlation among the three pairs namely EURCAD, GBPCAD and EURGBP Only if price falls to around 1.4457 in the present hour sl 1.44443 of course our analyses will differ Contrary views are welcome
You stretched the Y-axis far too much. Compress the Y-axis until the candlesticks are very short. Over the past few hours, the whole market (except copper and crude oil) is not moving. Everyone is waiting for the coming NFEC news. So you have to sit on your hands until the NFEC news.
also, my holding time is usually 2 hours. In such trade patterns, it becomes less than 2 hours because the trade opens only when the price falls to a given level Study price correlation is key to understanding my strategy. I believe we will have better examples in the weeks ahead
I get your point My analysis is from Wednesday, October 4, 2023. What happens to the three pairs over the past two of three days is what I consider important. I would like to point out that EURCAD does not give me the best pattern at the moment. To earn at least 15 pips, we have to wait for price to fall to 1.4457 from 1.4468 as you have pointed. With sl at 1.44443, I will be risking around 15 pips. Now price has to fall (retrace) in the present hour and must not go beyond 1.4468 before hiting that level. If it goes beyond 1.4468 in this hour or fails to hit 1.4457 (still in the present hour) I have missed the opportunity to scalp EURCAD