During the month of April, the fourth month of live performance, the system kept running on complete autopilot, with no code upgrades or parameter changes. This document consists of a summary section followed by 14 subsections, dedicated to the individual exchange rates tracked by the system. Those contain color-coded charts of the performance and details pertinent to the specific currency pairs. For comparison with the previous month, you may want to take a look at March review.
April performance review for Danica-9am algorithmic system
Source: forexautomaton.com
- Tags:
- frontpage
Read more...
China still a net importer of steel in May
China remains a net importer of steel in May, importing 53.46 million tonnes of iron ore, slightly down from April’s record 57 mio tonnes. This markes the 3rd month in a row that imports have exceeded outflows for China, a country that has been a net steel exporter since...
EUR/USD 1 hour chart head and shoulders
A text book head and shoulders formation has set up on the 1 hour chart in eur/usd. The neckline stands at 1.4110. A breakdown there would target 1.3850 zone. The move could happen on a dovish commentary from Trichet who might insist on strong euro being bad for the euro...
Australian unemployment numbers due out today
The unemployment rate surprised everyone, including the statistics office, by falling to 5.4% last month. There were complaints about the way the data was assessed and the ABS have introduced some changes for the May data. The consensus estimate is now for unemployment to return to 5,7% though some...
Bank changes tack on forex
RESERVE Bank governor Tito Mboweni has revised his opposition to interventions by the central bank in the foreign exchange market and is now willing to ... See all stories on this...
Day-range strategy is improved by removing profit target. Profit distribution may lose second moment.
I continue developing ways of using Danica's output for profitable trading. The strategy of combining protective stop with a profit target, setting these at the extremes of the previous trading day and trading in the direction of the forecast (referred to as the Day Range strategy and reported in...