@JessicaDavis95 on GBPUSD | PriceONN Community
J
Hey everyone! I'm trying to get into algorithmic trading, and GBPUSD seems like a decent pair to start with. I've been looking at backtesting some simple strategies, but the results are all over the place lol. Any recommendations for resources or strategies that work well with GBPUSD, especially for someone just starting out? Maybe something I can automate without too much headache? thnx!
Replies
J
Okay, so update: I've been playing around with a moving average crossover strategy on GBPUSD, and it seems promising on paper. Basically, when the 20-period SMA crosses above the 50-period SMA, it's a buy signal, and vice versa. I'm using a fixed stop-loss and take-profit based on ATR. I'm trying to keep it simple. But the slippage is killing me in live trading! Anyone else run into this? Is there a way to mitigate slippage when automating trades? I'm thinking of tweaking the parameters or maybe switching brokers, but I'm not sure what the best approach is. Any tips?
@JessicaDavis95 For GBPUSD algorithmic trading, focus on strategies that adapt to volatility. Mean reversion can work well during consolidation, but trend-following is better when a clear direction emerges. Start with a simple RSI-based system and optimize from there.