Optimization of the Gap Professional 1.2. robot was performed.
Market changes were taken into account. The optimal parameters were calculated and new set-files were generated (2020.07.29).
The lock control algorithm has been completely changed. The algorithm is coordinated with the trader community. The new algorithm has become easier to use and clearer.
The main improvement is the ability to close the lock at the breakeven point, which the trader indicates. This significantly reduces locking losses if the price movement requires multiple locking.
Trailing of the initial locking level is organized. This allows the robot to automatically follow the price movement towards profit and get the most out of this movement.
The heads of state of the European Union did not reach an agreement on the formation of a seven-year budget plan for 2021-2027 and a fund for economic recovery after the coronavirus pandemic. As a result, the trading session on Monday July 20 will open with a characteristic gap towards the dollar.
As a result of the adoption of sanctions by the US Congress against Chinese IT companies, the US currency will continue to grow.
Possible factors that could weaken major currencies are the return of quarantine to the United States and the proximity of the Fed meeting. The Treasury does not plan to expand market incentives and will keep the rate. The pause in liquidity will strengthen the dollar and attract investors to buy amid the threat of a second wave of the coronavirus pandemic.
In the coming week, most sessions will be held without the release of US economic indicators. At the same time, important news will be released in the Asian and European regions that contribute to the growth of the rates of major and exotic currencies.
Additional pressure on the dollar will have data on new cases of Covid-19 in the US states, which set a record last week. Unlike the United States, Europe and Asia escaped with local outbreaks, stopped by timely quarantine measures.
Last week, insiders emphasized the dissatisfaction of Saudi Arabia with the actions of a number of OPEC members who violated the obligation to reduce production. The kingdom has already promised to return to the practice of price war, which led last time to an effective result. The drop in oil prices caused by this may be a negative factor that can cancel the growth scenario of major and exotic currencies.
The number of cases of coronavirus in the world is again approaching maximum levels. This may lead to a repetition of quarantine measures by a number of developed countries, which will slow down the recovery of the global economy. Therefore, the new work week starts against the backdrop of negative expectations of investors.
Demand for safe assets will increase political tensions: a possible fall in Hong Kong’s law enforcement system, a war of sanctions by the United States and the EU. Capital flows will go not only to gold, but also Fed bonds, which will ensure the growth of the dollar.
Currency speculators are likely to join investors, also buying American currency. Unlike other central banks, the Fed temporarily turned off the printing press. The agency lowers its balance sheet for the second week in a row, significantly reducing swap lines with developed countries.
An alternative that could lead to an increase in major currencies will be the resumption of active speculation in the stock markets. The reporting season for companies is starting next week, which could lead to a new wave of purchases if corporate, financial indicators exceed the values of the first quarter.