The setup overview for the ADX EMA II is a daily set of analyses of potential investment bases based on this strategy. Detailed description can be found under this link. The cycle was to last exactly two weeks, but due to very bad results I decided to shorten the test to one week only and the summary will be published on Saturday 4th November .
As announced earlier, on the same day, I will also present another strategy that I will test for another two weeks. In this way I will try to test as many investment strategies as possible to find the best and most effective.
Since the ADX EMA II strategy is a 60-second strategy for the options and its signals should be tracked at 1-minute intervals, I decided that the two week tests will be conducted on the 5 most popular currency pairs within hours. 8: 00-12: 00. In this way we will check whether investing 4 hours a day on 6 instruments can be profitable.
Today, between 8:00 and 12:00, the ADX EMA II generated a total of 124 signals on the currency pairs observed. Only 51 of them were profitable and 73 wrong. This means that the efficiency was 41,13%. Taking into account the return on investment that uTrader offers are fluctuating between 70% and 73% in total, 124 transactions would lose 36,28.
Below I present graphs of the observed instruments in the time interval between 8:00 and 12:00. Orange marked are the signal candles, after closing which we could open the PUT or CALL options:
I realize that the above analyses are historical set ups, while the whole cycle is supposed to:
Show what signals on the chart you want to search
Check if the ADX EMA II strategy is profitable
As I mentioned in the introduction, on Saturday 11 November, I will publish a report summarizing the statistics of this strategy and will show whether or not these two weeks could be profitable while trading on setups based on ADX EMA II strategy.
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