The currency pair USD/CAD has been very volatile in the last 2 months with sharp one-way movements. Due to the fact that the last months have been trendy, we assume that by the end of the year the price will remain in the range. We tested our H1 timeframe range strategy with STS_MA_Distance_Tester and saw that from August 2021 the range strategy has a negative balance of over 3000 pips. Long-term, this strategy gives positive results and such long periods with a negative balance are extremely rare. This negative pips result is potentially our target if the price stays in the range in the upcoming weeks.
Because of the above arguments, we loaded our STS_MA_Distance_Bot to open multiple short and long positions when the STS_MA_Distance_Indicator shows 30 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 50 in the same direction) for each subsequent candle if the conditions for distance to 10 EMA are still met.
This is the advantage of algorithmic trading and the use of Trading Robots. They will execute the strategy accurately and precisely, without having to wait for days and hours in front of the monitors. This is extremely difficult to play manually.
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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