October 2011 performance review for Danica

Source: forexautomaton.com

October 2011, the tenth month of the second year of Danica's live operation, saw generally high risk appetites and ended with the long-awaited JPY intervention. The system continued on auto-pilot without parameter changes. The market average of the correlation coefficient between its forecasts and the reality for daily close came out strongly negative, while the forecasts for daily low and high were positively correlated with reality, in line with the established pattern of this system's live operation. This system performance review consists of a summary section reporting the figures of merit for the forecasting quality, followed by 14 subsections, dedicated to the individual exchange rates tracked by the system. Those contain the usual green-yellow-blue-red color-coded charts of the performance, such as shown below, for each currency pair. Fig. 0: USD/JPY bar chart for October 2011, color-coded to indicate the degree of success in the forecast for close. Yellow and green bars have been predicted successfully as bearish and bullish respectively; blue and read are unsuccessful bearish and bullish predictions, respectively. The BOJ intervention, which went against the predicted trend, created the long blue bar.   For comparison with the previous month, you may want to take a look at the September 2011 performance review.


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