Flat forex markets adjustment for this automated trading strategy

(Last Updated On: March 7, 2018)

Required changes to trading strategy for flat forex markets

Quite a few changes I need for this current passive strategy used for forex:

  1. Use slope of curves of daily charts (end of day)
  2. Period has changed from 500 days to 240 which is the number of trading days per day
  3. Portfolio strategy results needs a new calculation on correct set of results
  4. Expanded number of currencies from 12 to 35

What I find is that for the data set of yesterday for 1 year shows:

  1. There is not many currency pairs that show long term upward trend
  2. Markets seem very volatile to calculate a steady trend. I think this is why many banks have reduced staff on currency trading desks globally

What are the options for me?

  1. Expand into other markets like commodity or regional stock market indices. Note that using Dukascopy only can be used with CFD which is banned in USA. Just remember Dukascopy do not accept US residents. I will need to verify the bahvior of these broker CFD with their underlying instrument.
  2. Will higher risk amount of leverage help in these flat forex markets?
  3. Crypto currencies seems high risk with no predictable patterns for forward looking guidance.
  4. Will my patterns of wedges, flag, pennants help? This will be under development by a third pattern starting this week.

I will need to watch more NicTrades videos on Facebook to really understand how this overall strategy plays out.

Updated statistical analysis on many forex pairs

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs