Revisiting the Day Range Strategy. Part 2.

Source: forexautomaton.com

This report continues our efforts to document the progress in the Day Range Strategy as the strategy is on its way towards production version. The research version of our system, known as Danica, has demonstrated in the six months of live operation that the high degree of predictability for daily extremes (low and high) is a reality, not a backtesting artefact. The Day Range Strategy is designed to benefit from the high stability of forecasts for daily extremes while minimizing the exposure to the forecast of daily close, by placing a protective stop and a profit target.


Read more...

  • UK Chancellor

    Alistair Darling, UK Chancellor of the Exchequer, was quoted in the UK press this morning saying that the UK is ready to provide an extra $11 billion to bolster IMF resources and that the UK Government will do more to get the economy through the current...

  • EURUSD pulled back from 1.3497

    After breaking above 1.3437 resistance, EURUSD pulled back from 1.3497, suggesting that a cycle top is being formed on 4-hour chart. Now the...

  • Regional stock markets likely to be subdued

    Wall Street was flat overnight and rising bond yields will probably give investors pause for thought. The Nikkei is expected to open marginally lower but most bourses are expected to stay within a -0.5%/+0.5% range on the...

  • Interest Rate Day - Bank of England, ECB, Bank of Canada hold rates steady.

    Thursday, June 4th - The Bank of England, European Central Bank and the Bank of Canada all decided to keep their respective interest rates at...

  • New York forex wrap up; Dollar firms as reflation trade falters

    New York Fed’s Empire State index falls to -9.41 from -4.55 IMF considers making its bonds tradeable IMF: US returns to growth in 2010 IMF”s Lipsky: Dollar to remain reserve currency “as far as we can see” Geithner: Economy in early stages of recovery ECB’s Wellink:...