We tested the pair CAD/CHF on H4 timeframe with our STS_MA_Distance_Tester and currently we have one trade, closed at loss and an opened one, which is losing as well.
On Daily chart, the current price is within the zone of 500 EMA, and the Moving Averages are parallel to one another, which indicates an uptrend. Our STS_MA_Distance_Indicator shows 74 pips to 10 EMA. RSI 6 period is oversold. As you can see from our STS_MA_Distance_Strategy video, this is a good entry set-up for long positions.
Currently, on H4 timeframe, STS_MA_Distance_Indicator shows 46.5 pips to 10 EMA. We loaded our STS_MA_Distance_Bot to open long positions on every H4 candle, if the distance to 10 EMA is 30 or more pips.
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