Overview of Awesome SMA setups is a daily collection of analyses of potential setups based on this strategy. Detailed description can be found under this link. The cycle will last exactly two weeks. After this period, on Saturday, 25th November, I will publish a report summarizing the statistics of this strategy and will report whether or not these two weeks could be 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.
Over the past two weeks, I tested the Awesome SMA strategy on a 5 minute interval with a 25 minute expiration. The strategy for the M5 interval proved to be effective. The official summary of these test statistics is available in a separate article. In the meantime, however, requests have been made that the strategy should also be tested on its original time interval, ie 1 minute with a 5 minute expiration. So this week I will continue to test Awesome SMA strategy, but on the interval M1. If the result is positive, the test will be extended to two weeks. If, however, it turns out that at a lower interval this strategy will be very lossy, the test breaks after a week.
The tests will be conducted on the 4 most popular currency pairs in hours. 8: 00-12: 00. In this way we will check whether investing 4 hours a day on 4 instruments can be profitable.Today, between 8:00 and 12:00, the Awesome SMA generated a total of 23 signals on observed currency pairs. Twelve of them were profitable and 11 lost. This means that the efficiency was at the level of 52.17%. Taking into account the return on investment, which was 73% of the trader’s uTrader, in total of 23 transactions we could lose 2.24:1.
Below I present a graph of observed instruments in the time interval between 8am and 12am. Orange are marked the signal candles, after closing which we could open the PUT or CALL options:
I realize that the above analyses are historical setups, but the whole cycle is supposed to:
- Show what signals on the chart you want to find
- Check if the Awesome SMA strategy is profitable
As I mentioned in the introduction, on Saturday 18 November, I will publish a report summarizing the statistics of this strategy and will present whether or not these two weeks could be profitable.
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