Currently, the currency pair GBP/AUD is close to 10 EMA on the Daily chart. We already have open long positions that our STS_MA_Distance_Bot will close when the price touches 10 EMA. Our expectation is that, in the coming days, the price will move in range on the smaller timeframes.
Testing the currency pair on the M15 timeframe with our STS_MA_Distance_Tester we see a strong Downward movement, followed by a sharp Upward movement. Our range strategy for the M15 timeframe is to open long positions when the price is 15 pips below 10 EMA and short positions - when it is 15 pips above 10 EMA, and close them when the price touches 10 EMA. Currently, this strategy has gone out from its previous range cycle and has made 2 large consecutive losses. This gives us reason to expect that the price will re-enter the range.
Because of the above arguments, we loaded our Trading Robot to open multiple short and long positions when the STS_MA_Distance_Indicator shows 15 or more pips to 10 EMA and it will close them when the price touches 10 EMA. The Trading Bot will also open positions (max 3 in the same direction) for each subsequent candle if the conditions for distance to 10 EMA are still met. In the coming days, this Trading Strategy is possible to make over 20 winning situations with about 60 trades. This is extremely difficult to play manually.
This is the advantage of algorithmic trading and the use of bots. They will execute the strategy accurately and precisely, without having to wait for days and hours in front of the monitors.
More about the trading strategy: https://www.youtube.com/watch?v=YxlMRVQzAEE
How the Robot works: https://www.youtube.com/watch?v=jJudnLRhtXY
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