EURUSD Index

 

Hi everyone,

I've recently created quite powerful indicator using Hitrader website community and want to share it.

The idea is to use a portfolio of successful traders to determine a moment when to trade EURUSD. Every time if someone has EURUSD or any EUR cross long position we assign +1 to this trader and -1 in case of short one. Then we sum these numbers (50 traders) to get EURUSD Index. If it’s more than +20 we hold EURUSD long next day (one daily bar), less than -20 short. Please have a look at the attached figure. There was long on April 9, April 11, April 16, April 22, April 25 and April 30; short on April 23. So far the performance looks very good. No doubt i's just six weeks but I'm planning on getting more statistics and see how it works

Cheers. Mark

Files:
 

So far the performance is:

April 9 +62 pips,

April 11 +39 pips;

April 16 +131 pips,

April 22 -21 pips;

April 23 +62 pips;

April 25 -3 pips,

April 30 +74 pips; total +344 pips.

 

I have no interest in signals providers but I do have it in case of life trading.

 

EURUSD Index for today's close (14.05) is +21, so we hold long EURUSD next daily bar (15.05).

 

Result for 15.05 -51 pips, today's EURUSD Index value is -31, we hold short from 1.2880 for one daily bar (16.05).

 

Result for 16.05 -3 pips, today's EURUSD Index value is -37, we hold short from 1.2883 for one daily bar (17.05)

 

Result for 17.05 +45 pips, so far we have got +335 pips:

April 9 +62 pips,

April 11 +39 pips;

April 16 +131 pips,

April 22 -21 pips;

April 23 +62 pips;

April 25 -3 pips,

April 30 +74 pips,

May 15 -51 pips,

May 16 -3 pips,

May 17 +45 pips.

 

Only for serious traders.

+286 pips Usd/Jpy on 17/05/2013

forexsignalpips.com

 
stevemichael:
Only for serious traders. +286 pips Usd/Jpy on 17/05/2013 forexsignalpips.com

This topic is not about USDJPY and signals providers!

 

Today's EURUSD Index value is -22, we hold short from 1.2852 for one daily bar (23.05)

 

Result for 23.05 -78pips. Today's EURUSD Index value is -29, we hold short from 1.2930 for one daily bar (24.05).