Well, here we are. It’s Easter already. I’ve gone into Easter with a really small position in place. Thanks to IG Index I can guarantee my stop loss, so I’m not worried about it. I’m short GBPAUD because everything I have tells me that’s the direction I want to be in. I’ve banked half my trade though, and that’s welcome. It’s something I often do. I’m trading off of a 240-minute chart and unsurprisingly with a holiday in Europe there was not a lot movement all day. I like the longer term charts on GBPAUD, as it trends like nothing on earth. So far the downtrend has lasted 2 days and been worth close to 350 points already with another 160 points locked in. That’s making bank people. I’ve been testing our latest version of the product live and so far I’m really pleased with it.
Version three is pictured below. I’ve simplified the STARGETS a little to make them easier to read. In essence, rather than showing two and leaving it to the trader to choose, EnigmaSignal will now show the highest probability targets as standard with secondary targets as an option. In my live trading, it is making me more profitable as I’m taking profits in excess of 80% of trades now, and reducing my losing trades to about 1 in 20. The rest, of course, are breakevens, but as the deep learning continues to learn I am expecting more of the breakevens to become profits. If I can turn 15 weekly BE into 15×5 point wins, that will be an extra 75 points per week, 300 points a month and maybe 3000 points a year (allowing for holidays). At $3/point that’s a cheeky $9k a year for a smaller trader. If you’re an eMini guy that’s more likely to be in the range of 5x that amount. Testing will continue for another week or two and then we will release it to the community.