The setup overview for EMA Rainbow Strategy is a daily collection of analyzes of potential trades based on this strategy. Detailed description of the strategy can be found in this link. The cycle will last exactly two weeks. After this period, on Saturday, October 7, I will publish a summary of the statistics of this strategy and will report whether or not during these two weeks tested strategy was profitable.
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.
Today EURGBP pair showed 7 signals to open CALL option. Attention in this case deserves extremely high efficiency. All of the signals turned out to be accurate, which means that with account at broker uTrader with 76% return rate, trading on this instrument we could earn as much as 5.32:1. The red arrows on the graph mark signal candles, while the colored rectangles are drawn from the opening until the option expires. According to the EMA Rainbow strategy, the expiration period of the option is three times longer than observed interval.
Effectiveness of signals that appeared today on the EURNZD is worse. From 7 opportunities to open CALL option, only 4 proved to be profitable. This means that with a return rate of 71%, we could lose 0.16:1.
From the 6 signals that have so far appeared on GBPCAD, only two turned out to be false. This means that at a 74% return rate we could earn on this instrument 0.96:1.
On GBPCHF, the EMA Rainbow strategy generated up to 8 signals today to open PUT option. Out of these signals 5 turned out to be good and three lost. This means that at a 74% return rate we could earn on this instrument 0.7:1.
On the GBPJPY pair, today there were 9 signals to open PUT option. Of these signals, only two turned out to be false, which means that with a return rate of 74% we would have been able to earn 3.18:1.
Very high efficiency (100%) we can observe today on the GBPUSD currency pair, So far up to 7 signals to open PUT option. This means that with a return rate of 76% we could earn as much as 5.32:1.
I am aware that the above analyses depict historical set ups, but the whole cycle is supposed to:
- show how and what signals on the chart you need to look for,
- check if the EMA Rainbow strategy is profitable
- make us familiar with the strategy assumptions
As I mentioned in the introduction, on Saturday, October 7, I will publish a report summarizing the statistics of this strategy and will show whether or not these two weeks where profitable. So far, the results of last 7 days in total seem to be optimistic.
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