Been doung a 50MA on the hourly strategy. It works really well on US2000 and USD/JPY and should work well on Gold but I keep missing opps. It really doesn’t work on AUD/USD. It should work on AUS200 so I’ll try that too.

I’m going to make a change though and use the 50 high and 50 low to better avoid chop

AUDUSD

The relation between strength of a trend and ATR makes it hard to do 50MA. There are lots of crossovers and trends can either reverse or whipsaw enough to get you out of it to make the strategy not profitable. It looks like it works at the 1 or 5 min so I’ll try that next week. I’ll also try with a smaller profit target. If I can have something that can hit 2:1 often enogh to make most weeks profitable with only one or two trades a day that’s what I really want.

For example: risk 1% to make 2%. If that works 40% of the time and I do 10 trades a week thats an EV of 2% a week. Without compounding that would be over 100% in a year.

Dividends.

I got 6-7% dividends from my ETF last year and with capital appreaciation that brings me up to around 9% returns for the year. Imagine if I built that up to $100k and just let it compound. It would double every 8 years or so. So even if I put nothing more into it, after 24 years you’re looking at $800k

Things to try next week

AUD/USD back to minimum size and try the 1 minute. max 4 trades a day
XAU/USD - Do some more research and decide if 1 hour or 5 min is better
USD/JPY and US2000 - keep at the 1 hour. $10 stop
AUS200 - start the 1 hour. try to close the Metatrader 4 account because the software is terrible