The upcoming New Year will divide the next week into two parts – until January 1 and after. This will lead to a sharp decrease in foreign exchange trading volumes until January 1 and their intensive growth for the two remaining working days of the week.
New Year’s holidays is a time of unexpected trends created by a thin market or excess liquidity, when large players move capital between stock markets using currency exchange. Weekly trading will take place in a vacuum of news, which will sharpen the attention of speculators to any unplanned events or the words of high politicians and major economists.
Happy New Year 2020! We sincerely wish you success, prosperity and good mood!
The code has been upgraded to increase the noise immunity of the robot. Increased filtering reliability from false positives. Unexpected surges of volatility in the middle of the day, causing false gaps, now do not lead to the opening of transactions. This reduces the total number of unprofitable positions and significantly increases the profitability of the robot. New set-files with optimal parameters are offered.
Recently published data on the number of jobs have provided great support to the US currency. The published data not only exceeded the forecast values, but also set certain records. This has led to significant pressure on other currencies. The most affected by this European currency. Even the Canadian dollar has suffered due to weak data on the Canadian labor market. Also contributed to the growth of the dollar wage growth indicators in the United States.
However, in the coming week, the US currency will be at great risk. First of all, this is a possible escalation of the trade war with China, the procedure for impeachment of Trump, another criticism of Trump against the Federal Reserve may also influence.
Given these factors, analysts are inclined to believe that the dollar will still rise on Monday. And here, its further strengthening is under a big question. A downward correction is forecasted in the middle of the week. However, if there is a strong information line, for example, when the trade war with China is tightened, then a bearish trend may even form.
For those who trade currency pairs associated with the British pound, you should pay attention to the Parliamentary elections in the UK on December 12. This can have significant consequences for the pound and trigger abnormal market conditions. Therefore, trading on the pound that day is very risky.
In order to reduce the likelihood of triggering stop loss when it is prematurely reduced, the trailing stop algorithm has been redesigned. Now trailing begins only when the position reaches profit. This significantly reduces the number of positions closed at a loss. In general, this significantly increases the likelihood of profit on each open transaction, which favorably affects the profitability of the robot.
To maximize the efficiency of using the advanced algorithm, parameters were optimized and new set-files were received.
The optimization of the parameters of the robot Gap and Trail. Optimization was performed for the Alpari broker, Standard account, and for IC Markets broker, Raw Spread account. Set files were received from 2019.09.08 with optimal parameters for the following currency pairs: AUDUSD, EURUSD, GBPUSD, USDCAD. Users are encouraged to use the new set files.