Simple Linear Regression Trading system. - page 2
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Ok, one of the buy order was activated at the open of the EU session followed with choppy hours because the market was waiting for the FED announcement.
Talking about probabilities our long trade had 70% off been successful agaisnt the 30% for our short trade. Fundamental analysis should not be discarded for TA trading.
Market was expecting a rate cut and we know rate cuts plays against the dollar when all people are talking about a recession in the US.
However the nature of the previous flat day give us chance to set short orders with low risk because we also know the market could go against what we thought. Never say no.
We could exit right now for a 70/80 pips trade or move our SL to 1.4830 because with the news released the Euro have plenty to run to 1.4500.
Excellent work my friend. Keep up the good work.
Updated template.
You need PolyFitBands_v1
I believe our best chance to today is usdchf. I did not trade this one but looks nice.
Sell stop below 1.0955. SL 1.0990
Just FYI:
I found good info about R2 for nonlinear regression
How good is the fit?
PolyFit R2 you can find here https://www.mql5.com/en/forum/178009/page3
Just FYI:
I found good info about R2 for nonlinear regression
How good is the fit?
PolyFit R2 you can find here https://www.mql5.com/en/forum/178009/page3Thanks igorad. I was needing this info,
Jpy
Possible JPY Trade.
This is a Risky one but we could profit 50 pips.
Sell now. Stop 107.90. Target 1 107.00 Target 2 106.50