This was demonstrated in a Dukascopy JForex demo account for fore Here is an older update from my current algo forex trading strategy. The idea here is to highlight the upward potential but as you will not in this video, there are too many losing trades as well with some big hits on the downside. As a result, I am getting closer to fixing the exit but the entries seem to have some decent timing. Also, I find the shorts can for some reason not profit as they should according to the broker demo account of Dukascopy. Here is some commentary from the video as well:
Very nice. Keep it up. Btw, do you have access to historical data for back-tracking? Or do you not use historical data when trading forex because it’s more intra-day?
Thanks but it seems backtesting for the amount of data (due to 40+ instruments subscribed with 1 min data) is a pure of waste of time. I just test in a demo account with real world scenarios.
That’s really fascinating actually and definitely adds to the challenge! I know that some forex traders like to use 15 minute candles, where as I’m assuming you use 1 minute data. The inability to back-track actually seems to really increase the challenge of proving your success rates (Which again is fascinating). Thanks for your response again!
I minute data sees more opportunity than any other than tick.
More to come soon!!!
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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