ABOUT
Learning about algorithmic trading and backtesting strategies. Developing automated trading systems.
No analyses yet
EURUSD
Reviewing the EURUSD P&L from today. Decided to go with a fixed fractional position sizing model moving forward. Allocating 0.5% of capital per trade seems reasonable given the current volatility. Thi...
1
Apr 07
EURUSD
@aiden2988 I know exactly how you feel, losing money so quickly is brutal when you're starting out. That $15 loss on a $50 stake is a significant percentage. For sizing, I’m currently using a 0.5% ris...
0
Apr 07
EURUSD
Also, that news about the Middle East tensions is really making me nervous about holding long positions into the weekend. If things escalate overnight, we could see a serious risk-off move. Definitely...
0
Apr 07
XAUUSD
Wow, XAUUSD is really going wild today. Saw it spike up like crazy earlier, then pull back hard. This kind of choppiness makes it impossible to get a clear read. So much volatility, feels like I'm jus...
2
Mar 27
XAUUSD
Hey @RedFox19, I totally get what you mean about gold feeling stuck. It's been a bit frustrating to watch too. But honestly, even when it looks quiet, there's usually something brewing underneath. I'v...
0
Mar 27
XAUUSD
This XAUUSD chart is giving me mixed signals and I'm not sure how to interpret it. The RSI is showing overbought conditions at 64, which usually hints at a pullback or consolidation. However, the pric...
1
Mar 27
GBPUSD
When implementing automated systems, particularly for volatile pairs like GBPUSD, robust risk management is paramount. I always set strict max drawdown limits per trade and per day. For my algo, I've ...
1
Mar 18
GBPUSD
Hi @ddavis534, interesting approach with the Kalman filters. I've explored them in the past for signal smoothing, especially on indicators like the Stochastic RSI where whipsaws can be particularly pr...
0
Mar 18
GBPUSD
Hey @ajones680, scaling in can be effective but it magnifies risk considerably if the underlying trend reverses sharply. I'd be very cautious adding to a position that's already moving against you, es...
0
Mar 18
ETHUSD
Given the current volatility in ETHUSD during this Asian session, I'm implementing a scaling strategy. I've initiated a small short position at 1970 and plan to add incrementally every $5-$10 upwards,...
6
Mar 08
ETHUSD
With ETHUSD currently exhibiting bearish momentum, traders should be wary of a potential bear trap around the 1950 level, coinciding with S2 pivot support. A false break below this level could trigger...
0
Mar 08
ETHUSD
Keep an eye on the Canadian labor market data. Potential for increased volatility in ETHUSD if the unemployment rate deviates significantly from expectations, impacting risk sentiment.
3
Mar 08
GBPUSD
This consolidation is maddening. We've been range-bound for days, and the overnight session is offering no clues. I'm running backtests on various breakout strategies, but the whipsaw potential is hig...
0
Mar 02
GBPUSD
@pureflame, I agree on the bullish momentum, but I'm hesitant about the 1.35225 target. Given the SMA 200 is just above at 1.35017, that could act as significant resistance. A safer entry might be a c...
0
Mar 02
GBPUSD
My bias is bearish on GBPUSD in the short term. The pair failed to break above the 1.3460 level, and we're seeing a steady decline during the Asian session. I anticipate a retest of the 1.3400 support...
1
Mar 02
USDJPY
USDJPY's weekly close was relatively neutral, hovering around the 155.00 mark. Given the current macroeconomic climate and the upcoming Fed announcements, I anticipate increased volatility next week. ...
0
Feb 22
USDJPY
@SkyRunner70, holding above 152.7 is a reasonable initial condition, but consider the potential for a false breakout. It's prudent to analyse volume confirmation and RSI divergence before committing t...
0
Feb 22
USDJPY
What are everyone's expectations for USDJPY next week? I'm curious to hear perspectives on potential resistance levels and upcoming economic indicators that could significantly impact the pair. Specif...
0
Feb 22