Algorithm entered long. Chart is self explanatory.
I haven't posted in a while because I have been working on my algorithms lately and have almost entirely ceased manual trading. From now on, any chart with the blue background is a trade taken by my algorithm. I can't post targets for exiting positions based because the way it exits winning is too complex. The algo opens on average 2 positions per day, so I...
Looking for short around $1174 - $1165 Let's see how this trade manifest!
We will be watching to see if GBPUSD can regain its bearish momentum before the Fed announces interest rates on Wed. Although the street does not anticipate any move by the Fed, they may give a hawkish tone and if so that should add fuel to the short side. With that said we will be looking for a close below the short-term trendline on the hourly chart along with...
AUDJPY could be getting ready to rally once again. The long-term trend on the hourly chart is to the upside, if we get the proper setup we will be going Long AUDJPY and correlating it with a Short in NZDJPY. With proper money management while correlating these pairs it will present many opportunities to be a profitable trade. We can be dead wrong on the AUDJPY...
This simple algorithm uses Exponential Moving Averages of the S&P 500's Relative Strength Index to trigger buy/sell and short/cover signals on a daily chart. I've backtested the algorithm for SPY (1994-present), SPX (1981-present), SPX500 (1971-present), and it beats the S&P 500 in every occasion. The algorithm cannot correctly time every single crash or...
This S&P 500 timing model is comprised of 2 components: 1) A 10-period (50 days) Exponential Moving Average (EMA) and 40-period (200 days) EMA are plotted on the weekly chart of the S&P 500. When EMA10 crosses from above to below EMA40, a sell signal is generated. When EMA10 crosses from below to above EMA40, a buy signal is generated. 2) A 10-period (50 days)...