I use a variety of system building tools that identify many thousands of possibly profitable forex robots per day. After the initial identification, the strategies are then automatically evaluated in real-time to get an idea of their success in backtesting. In the rest of the article I’ll show how this avoids the dangers of curve fitting strategies.
I often get asked questions regarding the Price Action Engine, and though I am happy to answer them, I sometimes feel that the questioner would like me to go into some other detail, but I’m never quite sure what that is. I guess what we all want in a testimonial, is an honest appraisal from someone who has clearly and fully experienced the product they are appraising. I think the following email covers that, and should be of interest to anyone who wants to know more about the Price Action Engine.
I want to discuss how to trade volatility like we have seen lately in the markets. And I want to show you how my forex robots performed during this volatility. Many of them performed spectacularly, despite my reservations at leaving them active at such a time.
Good news for the Aussie had caused a big spike in price. If you are familiar with the Price Action Engine, you will understand how juicy these price spikes are to trade, once you understand the mechanics behind them.
The trade was on the AUDUSD, after two days of price moving news. The first bit of news to get things going for the Aussie came out of China, and because it was interpreted by the market as positive, this gave an initial surge to the AUDUSD. The second bit of news came the following day, and resulted in a complete reversal and retracement of all the previous day’s gains.
Forex Candlesticks are the Market Pulse, defining current PRICE ACTION and the MARKET SENTIMENT that is driving price action. Once you see how candlesticks are the FOUNDATION BLOCKS on which price movement builds, their power will become YOUR power!
The Best Forex Brokers: If you are fed up with Forex Awards that anyone can get for cash instead of merit, TradeProofer proudly presents the real thing…
Understanding Entropy Forex Trading – as it relates to the mechanics of forex price spikes – combined with a predictive indicator like the Paleo indicator that plots likely levels of reaction and resistance ahead of time – gives us the edge we need to get in early when price begins to reverse.
AuthenticFX Forex Polarity Indicator, Updated 12th. August, 2016: This might just be the best forex trend indicator available, especially when price is tracking sideways and it’s hard to pick any trend at all.
It doesn’t mean that any of those forex robots will continue to perform consistently, just that out of all the combinations of parameters the robot designer has used, this particular combination or combinations is working well at this point in time.