Our algorithm is continually improving as we feed it more data. It’s becoming more reliable.
While it’s usable in its current form already, we enhanced it further and devised more entries. Our algo worked the way we wanted now, it’s becoming more disciplined, and it survived some brutal sideway market conditions.
August to late September 2024 (MT4 account, Raw spread)
Indicators:
- Modified version of moving averages
- Certain filters to detect the overall trends to filter out sideways markets
The setup:
- Patterns with high success rates were kept, and lower-performing ones discarded
- Runs on a server close to our brokers, using an MT4 setup
- Strict stop-loss, no dollar-cost averaging
- Trades across Asia, London, and New York sessions.
- Instead of aiming for higher RR of 2 – 3x, the same result can be achieved by having 3 successful trades of 1 RR.
We primarily developed this algorithm for our own use, we’re considering sharing it with a limited number of users. We’re excited to further refine this algorithm in the coming weeks.
Lots of brain power and computing resources required ahead!