There are two basic criteria for which you need to program the rules: ՝ Market entry և Exit or exit. You can use a huge number of pointers to time your trading, but in an automated trading system you need to use as few as possible և here I am going to show you how to build a system of 1 rules based solely on trading instability.
A very simple system would be one based on standard price deviation (volatility). The Bollinger Band, for example, shows the middle band և the two outer lines deviate from the norm or the standard as the instability increases as the bands widen from the middle. You can easily build a simple system of instability with your own settings, so here’s what you do.
To get started, you need to determine the moving average of the midline. This is where prices will find support in the bull market, resistance in the bear market. The buy signal will be generated () maintained) in the bull market, when it reaches the average, the outer lower zone will provide the stop level.
All you have to do is test the parameters of different moving averages և standard deviations for the outer belts, but it is easy to do with today’s software. Then you need to determine the spread of the currency, trade it, test it over time to see how successful it is, as it has only one rule, it will show a realistic feedback test.
The logic of the above system is easy to understand, and below you will find how to generate a buy signal, stop in the bull market.
In the case of a strong bullish trend, prices may deviate from the average price, but they usually find support against the average. If volatility pushes prices from the middle to the bottom of the outer zone, supply և demand situation is likely to change from growth to decline և may stagnate.
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You need to do a little research և you can add extra filters if you want, but the volatility-based system will work if sold on the spread of unrelated contracts (they rarely work on a single contract).
I’ve seen people make huge profits with simple automation systems, so can you. Of course, you need to spend some time on research and testing, as in any long-term trading system, but if you do a little work, you can easily build your own Forex automated trading system in less than 30 minutes a day.