DeepSpaceFX Profitability Indicators
Hello astronauts! Here I am with another addition to my trading journal on Youtube. This is only a testing phase for the DeepSpaceFX UNOFFICIAL daily chart strategy and should not be treated as an official system. I wanted to make a quick video explaining the Profitability Indicators that are currently used in my DeepSpaceFX Strategy. These profitability indicators are a bit different than the last group. This has been my two and a half year attempt at creating an algorithm based Forex strategy that can be used only in clear trending markets.
DeepSpaceFX Profitability Indicators: I’ve removed the TDI (Traders Dynamic Index) as I found my DSFX CMF indicator to be much more reliable for entries and exits. I may use the TDI again in the future, but ONLY for entries and not for exits. I also removed the stochastics, as it acts exactly the same as the DSFX CMF indicator as well. The DSFX CMF indicator is also a more visually smoother indicator to follow for exits. My DSFX TRENDLINES indicator has been added for entries/exits, as well as the default CMF for market volatility. The only problem with the DSFX Trend lines profitability indicator is that it has the tendency to repaint during some crosses but not all. Using these profitability indicators, the account had a starting balance of $100 and at the time of making this video, was up $300+ in profit on a 0.25 lot-size (DAILY CHART).
This is strictly a back-testing phase using one of two sets of profitability indicators I use for this trading strategy. Going forward, you will witness various changes with the strategy as a whole. This is to ensure that I have the best strategy possible with proper rules being met.
Not bad at all. Stay tuned for more updates towards the final release of this system. The first of many videos to come so stay tuned. Sub and hit that bell for notifications!
*Moving Averages have all remained the same*
Basic Price Action included
Timeframe: Daily Chart
Lot size: 0.01 to 0.25
Thanks for reading!
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