In this second part, we will get into the details of the results of the back test I conducted, and show the differences in performance between the EUR pairs and the USD pairs
Here I want to make a stronger and more detailed case as to why standalone / time series momentum tends to be a better kind of momentum strategy overall
We will show here a method that can be used that chooses currency pairs in a way that statistically produces positive returns.
In the final part I am going to explain how to determine which currency pairs to trade, how to control overall risk, and outline some more advanced strategies for exiting trades
Some traders prefer to use breakout points to signal their trend entries, others prefer to use indicators which just show strong directional momentum. Who is right?
If you are going to use indicators, then the best Forex indicator is the RSI (Relative Strength Indicator) because it reflects momentum.
In this article you will learn the various aspects of the Pin Bar Trading Strategy used during a Pin Bar momentum break. Some of these features include the conditions needed for a potential long or short entry consisting of a single price bar/candle and the optimum time to place a stop loss.
This article examines several characteristics of the Outside Bar Trading Strategy used during an outside bar momentum break.