{quote} The approach is fully systematic, with no discretionary input whatsoever. Any discretion would invalidate the testing entirely, so I'm sticking to rigorous backtesting
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But the trade you take is based on how the PA sets up on the day, right? I remember you mentioned this in one of your previous posts.
{quote} But the trade you take is based on how the PA sets up on the day, right? I remember you mentioned this in one of your previous posts.
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Yes, the trades are executed using an EA to average in, but that's purely execution. It's an execution EA, not a strategy EA. The EA on its own can't produce consistency. It's just a tool that places entries, replacing the manual process of clicking "New Order" and filling in all the inputs.
Thursday, May 14. AUD projected to weaken against EUR, JPY, and NZD. {image} {image} {image}
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Are you following trend trading or reversal?
Your previous post was based on trend trading with Aligator alinged with the direction? Has something changed?
{quote} Are you following trend trading or reversal? Your previous post was based on trend trading with Aligator alinged with the direction? Has something changed?
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The specific setup doesn't matter much. Alligator, fair value gaps, whatever you prefer, most setups would probably work on the right pairs. What matters is the pair selection. On any given day, one to three currencies typically show the reversal pattern, and that's what I'm focused on in this thread.
{quote} The specific setup doesn't matter much. Alligator, fair value gaps, whatever you prefer, most setups would probably work on the right pairs. What matters is the pair selection. On any given day, one to three currencies typically show the reversal pattern, and that's what I'm focused on in this thread.
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Ok got it, but you previous posts showed mostly continuation setups. Now you are focusing on reversal? Have you changed or update the process?
{quote} Ok got it, but you previous posts showed mostly continuation setups. Now you are focusing on reversal? Have you changed or update the process?
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I'm pretty relentless about the approach. If something has even a slight flaw, I either discard it or refine it. I know some would call that a bad habit, but I see it as necessary. The goal is to get the approach as robust as I can. Of everything I've personally tried so far, the method in this thread has been the most promising so far.
