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 the previous post is modified to remove the profit target. Much better results are obtained.
Day-range strategy is improved by removing profit target. Profit distribution may lose second moment.
Source: www.forexautomaton.com
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