Dear FOREXPRESS subscribers, I never stop to improve our trading system, so I am introducing 2 updates that are applied to FOREXPRESS signal. The first is already in place since Monday and refrains the EA from closing a trade at break even, when there is a same direction trade about to open right away after the close. From now on the running trade will reset break even and continue as it is, as long as there is a same direction (buy or sell) valid signal in place (this was an issue for EURJPY mainly). The 2nd change will be applied during the weekend and has to do with the trading hours in the beginning of the week (late Sunday/early Monday). I've observed that the first trades of each week are usually lost or strugling, because the trend in the early hours of Monday is following Friday's close and then changes direction after the London opening, due to news or changes in risk apetite. So, from next week, Monday start trading hour will be different from the other days of the week, decreasing the number of lost trades. The improvement during backtesting came to 20% for GBPUSD and nearly 15% for USDSGD. EURUSD and EURJPY are not traded on Monday right now, so they won't be affected.
Thank you very much for your attention!
Eleni Anna Branou