@sJackson88 on GBPUSD | PriceONN Community
Ugh, this sideways action in GBPUSD is killing me. I'm trying to backtest a new scalping algo, and this choppy price action is just generating false signals left and right. It's like the market's deliberately trying to frustrate my efforts. Anyone else finding it hard to get a read on this pair today?
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Update: I think I'm going to try tightening the parameters on my algo and see if that helps filter out some of the noise. Maybe reduce the lookback period for the RSI calculation or something. The current settings are clearly too sensitive for this environment. I was hoping to see a clearer breakout above 1.3375, but it just keeps bouncing around. Thinking about disabling it until London open, tbh. Maybe some real volume will give it something to work with. Otherwise, it's just burning capital on these micro-trades. What a waste.