Mechanics of ranking currency pairs for forex trading opportunity automatically
Different analytical metrics used
There are a number of way I am building a process to automatically select optimal currency pairs based on:
- Statistical view
- Technical analysis using Fibonacci re-tracement, Moving average, trend, and buy/sell signals
- Patterns and pivots points
Different charting periods include daily, 4 hour, and 1 hour.
This videos goes into detail how I plan to use these methodologies including money management with portfolio optimization and ways to protect the account. It will be interesting to see how it plays out in the near future.
Each major trading session will analyzed determine optimal expected return. This is covered in the video as well.
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