Thursday, 16 January 2020

XAGUSD

I've just been reviewing and altering my algorithm, I decided that the current silver short trade is no longer valid. Some people may call it tinkering and not giving my algo a chance to play out, but a radical change like this means I'm measuring a win or loss against an algo that I didn't enter the trade with.

Tuesday, 14 January 2020

Oo-Argh Me Hearties XAGUSD

Tonight I couldn't identify any new trades using my Forex algorithm, so I switched it up and had a look at the metals markets, I have entered the silver/dollar market looking at shorting this over the coming days, the daily candle has crossed below baseline (yellow MA) and the on chart indicator has flipped downwards along with my secondary indicator showing a sell instruction.

My position is minimal as I am not entirely sure I have got the risk correct on metals markets yet. Something I intend to get sorted before switching from demo to real money.