Ozy,
AJ just went below the weekly S2, so the EA shuts down and will not do trades. I did a separate analysis years ago of weekly pivots, and found once price is beyond the R2 or S2 (weekly), the chances of closing beyond that are not that high. I coded the EA to shut down and not do new trades, as chances are it wouldn't close in profit.
The EA should work on other pairs. China PMI missed today which is adversely affecting AUD. Look for risk off trades (short AUD, NZD, and long JPY).
Regards,
EZ
AJ just went below the weekly S2, so the EA shuts down and will not do trades. I did a separate analysis years ago of weekly pivots, and found once price is beyond the R2 or S2 (weekly), the chances of closing beyond that are not that high. I coded the EA to shut down and not do new trades, as chances are it wouldn't close in profit.
The EA should work on other pairs. China PMI missed today which is adversely affecting AUD. Look for risk off trades (short AUD, NZD, and long JPY).
Regards,
EZ