![]() The algorithm calculated that day as if trades were immediately executed at those prices, which were topical at the moment of the ‘i+1’ candle opening. Trading robots and closing of longs by stop losses also added to that. It took place in the context of the negative US unemployment news, which was published on Friday. The price rushed down with acceleration, as a snowball, under conditions of low liquidity on Monday morning, when only the Asian markets had opened. It was the Flash Crash in the gold market. Look at August 8 (a ‘wide’ volatile day in the chart). The more pronounced a market trend, the more frequently candles appear in the Renko chart and more rarely new ‘bricks’ appear in a flat, which can reduce a number of false signals. Why did the result improve? It is due to the fact that Renko charts process market data in a different way. the average result per trade was USD +230.īoth buys and sells bring profit.2,453 buy trades were executed and the total result of buys was USD 60,200 (USD 46,708.5 with consideration of fees).2,452 sell trades were executed and the total result of sells was USD 54,570 (USD 41,084 with consideration of fees).The algorithm has calculated that the following was done by the Super Trend indicator signals during 111 days of trading 1 contract: Moreover… If we load 30-minute data for a period of 1,000 days (from the end of October 2017), we will get the following data from the algorithm: It is explained by the fact that the US stock market developed exponentially during the period, which was loaded to the chart, against the background of unprecedented support from the authorities.ĭoes it turn out that the Super Trend indicator can be used with a small effect for taking profit on ascending sections within the framework of global growth? Yes, it does, but it is also true for many other technical indicators. As regards the sells, they brought losses. It is interesting that the total result by longs was USD +33,050 or 2,644 / 299 = a bit more than USD 110 per trade. The average trade result was a bit more than +1 tick without taking into account commission fees and slippages, which means that the approximate result was close to zero. 598 trades were executed by the Super Trend indicator from October 7, 2020, until Aug(the commission was approximately USD 3,289).
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