I am going to try and keep a journal of my new trading method based on a new indicator I have developed that I call The Sacred Mug. I have been a software engineer for over twenty years and when I saw the impressive results that the Neural Network EA had in the EA competition I decided to spend a few months developing own indicator based on these concepts. I think I have finally come up with something that shows great promise. Backtests are very good and my live trading last week was spectacular but I am guessing any system did great last week with the huge moves.
I feel that time spent at price levels to be the most important factor in predicting where price will go and so tried to base my logic on this relationship and came up with an indicator that I hope will predict where where price is going. I have only trained the indicator for GPY/YEN so far and plan on doing GPB/USD, EUR/YEN and USD/CAD in the next couple of weeks.
I have discovered what I think are two incredibly safe entries, one long and one short, that get at least 100 pips every time. Plus two riskier entries that require a larger SL that signal tops and bottoms and can generate hundreds of pips.
I will attempt to post my real-time trades here as I make them but this week I am doing some travelling so I am not sure how much trading I will get in. Anyway here is a picture of what my chart looks like:
I feel that time spent at price levels to be the most important factor in predicting where price will go and so tried to base my logic on this relationship and came up with an indicator that I hope will predict where where price is going. I have only trained the indicator for GPY/YEN so far and plan on doing GPB/USD, EUR/YEN and USD/CAD in the next couple of weeks.
I have discovered what I think are two incredibly safe entries, one long and one short, that get at least 100 pips every time. Plus two riskier entries that require a larger SL that signal tops and bottoms and can generate hundreds of pips.
I will attempt to post my real-time trades here as I make them but this week I am doing some travelling so I am not sure how much trading I will get in. Anyway here is a picture of what my chart looks like: