2020-04-17 – Daily Notes: One-Directional EURUSD and USDCHF Signals, and AOTI-EA Ideas

Once again, about the unidirectional signal of the EURUSD and USDCHF pairs and how to resolve these doubts. I’m talking about using the AOTI indicator and AOTI-EA-Assistant for it.

Once Again About the Unidirectional Signal of the EURUSD and USDCHF

We have already written about this here.

The situation is similar today:

How the trade proceeded further:

The price reached the level of Min TP on the EURUSD pair, and the EA-Assistant moved the stop to breakeven. After a while, the stop level was knocked down, and we got a breakeven for this currency pair.

But the trade on the USDCHF currency pair remained in the market at this point, and the price started moving up.

Then the stop is automatically trailed, but since the trading day was not at all volatile, the price did not reach the profit level a little.

But these are the actions of the EA-Assistant in automatic mode. How would I recommend fixing a trade?

The optimal exit point, all things considered, is the 0.9720 level.

This level is clearly visible on the H1 timeframe:

And we can see how the price behaves near this level on our M5 timeframe:

The price very slowly and reluctantly reached the level of Min TP. If the price approached the level promptly, it would be a completely different picture. After that, the price showed an opportunity to turn around (point 1 on the chart above). It’s a sign of weakness, and you need to be careful, be ready to fix the trade, and possibly turn in the opposite direction. But after a small pullback, the price continued to climb up.

But near the resistance of 0.9720 (which we considered earlier), the price showed another signal – Climax Bar, which at a strong level indicates that the price is unwilling to go further (point 2 on the chart above). We should fix the profit at this level.

A Few Ideas About AOTI-EA-Assistant

The automatic opening of positions (for testing) was performed in mode 1, which is not the best opening price. I don’t really like this mode, but for testing, let it be. But as a result, the EA-Assistant traded like this today:

+61.95 in total.

I’m currently monitoring the work of the EA-Assistant, making edits in it during the trading process. As a result of observations, I decided to make edits in open mode 3, so that the input does not depend on the spread, but at the same time, it is clearly at the Estimated Entry level. Edits will also be made in the profit-fixing module of the EA-Assistant. I want to do an additional module to determine the speed of the price so that the EA-Assistant allows profits to grow when the price moves more intensively, and fix the profit earlier when the price is in a flat.

There will also be another small edit in the AOTI indicator for better interaction with the EA-Assistant. After that, the new version of the EA-Assistant will be available for download to all users of the AOTI indicator.