The backtesting with our STS_MA_Distance_Tester shows that the last 4 consecutive trades are a loss. The strategy is for opening positions at a distance of 100 pips from 10 EMA. The statistics from the long period of history data show that this is the maximum consecutive losses for this strategy. The probability for the next trade to be successful is very high.
We loaded our STS_MA_Distance_Bot to open long positions on each daily candle if the distance to 10 EMA is 100 pips or more. Currently STS_MA_Distance_Indicator shows 63 pips to 10 EMA. Another argument in support of our analysis is that there are 2 days left till the end of the month.
Visit our Forex Signals section to receive real-time trades from our Trading Robots.
