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This video shows you two trading systems for EuroFX and Japanese Yen that have made $ 3,000 in the last week.
Both systems are based on a trend-following approach, even if one is more classic whereas the other one is a bit of a hybrid.
Watch the video to learn more about how these systems are built and how they work!
Enjoy! 😎
Hi again, everyone, I'm one of the coaches of Unger Academy and I welcome you back to this brand new video dedicated to the analysis of the strategies in our portfolio.
Okay, so let's start with the video. This week, we're going to focus on the currency market, and more in particular, we'll see two trading systems that work on the EuroFX and the Japanese Yen, which are two of the main currency futures available.
So let's start with the first strategy, the one you see in the upper part of the screen. It works on the EuroFX and it's a trend-following strategy, even if it's a bit of a hybrid, let's say.
This system takes into consideration the levels of 3 days ago – the highs and the lows, specifically – to open the long and short positions. So if the market breaks below the high of 3 sessions ago then we go long. And vice versa for the short side.
As I've already told you, this is a multiday strategy, so positions are kept open for several days, so obviously beyond the end of the current session. This relates to another characteristic of this strategy: all positions that are still open on Friday, so at the end of the week, are closed at the end of Friday's session.
Now let's go and see the strategy's performance report, which went through some very fluctuating periods just like all currencies, actually. However, we need to say that, over the last year, this market has resumed giving us some satisfaction, for example with this specific system.
As you can see here, it went through a drawdown phase in the last part of 2020 but after that, it started to climb towards new equity peaks.
This market is undoubtedly less volatile than other instruments such as commodities or stock indexes, for example. The reason is that these instruments obviously reflect the current prices of currencies, and those prices affect the relationships in the countries that adopt them. So it is clear that within a single week or a single month, it is not possible to have huge market fluctuations, or in any case, there are institutions in charge of avoiding this kind of issue and preventing market fluctuations from being too wide. For automated traders like us, low levels of volatility mean greater difficulty in creating systems. In fact, developing trading systems on markets that move a little and are characterized by low volatility levels is more complicated.
Anyway, I believe that you too can try this system and develop some new ideas to diversify your portfolio of strategies.
Let's move on to the next strategy that I want to show you today, the one for the Japanese Yen. This one is a much more classic trend-following strategy compared to the previous one. It goes long when prices break through the high of today's session, and vice versa, it goes short when prices break through the low of today's session. Obviously, we also set some time windows and a temporary exit after a maximum of two days.
And as you can see here, once it opens a position, the strategy closes it in the next session. For example, on this day, it went long here, it waited for the end of the session and then closed the position at the end of the next session.
Let's go and see the report of this strategy, which is somehow similar to the previous one. And even the equity curve looks somewhat similar. It went through a difficult period between late 2020 and early 2021 but then, after that, we can see this rally here, which let the strategy go and touch new equity peaks.
Like the entire currency sector, this market has been struggling quite a bit in recent years. Nevertheless, this strategy - and this market, the Japanese Yen - is now starting to respond well again to automated trading approaches.
So, guys, as always, I suggest that you try it for yourself because this can be a good system you can add to your portfolio.
And with that, this video is over! I really hope that it has helped you, and If you have any questions for us, please write them in the comments and if they're interesting, maybe we'll make some videos based on them!
And don't forget, as always, to hit the "Like" button if you enjoyed this video!
Finally, in the description of this video, you can find a link to a completely free webinar made by Andrea Unger, the only 4-time world trading champion who will teach you how to become independent on the financial markets.
Thanks to everyone and I will see you next time. Bye-bye.
We'll help you map out a plan to fix the problems in your trading and get you to the next level. Answer a few questions on our application and then choose a time that works for you.
BOOK YOUR FREE STRATEGY SESSION NOW >>Andrea Unger here and I help retail traders to improve their trading, scientifically. I went from being a cog in the machine in a multinational company to the only 4-Time World Trading Champion in a little more than 10 years.
I've been a professional trader since 2001 and in 2008 I became World Champion using just 4 automated trading systems.
In 2015 I founded Unger Academy, where I teach my method of developing effecting trading strategies: a scientific, replicable and universal method, based on numbers and statistics, not hunches, which led me and my students to become Champions again and again.
Now I'm here to help you learn how to develop your own strategies, autonomously. This channel will help you improve your trading, know the markets better, and apply the scientific method to financial markets.
Becoming a trader is harder than you think, but if you have passion, will, and sufficient capital, you'll learn how to code and develop effective strategies, manage risk, and diversify a portfolio of trading systems to greatly improve your chances of becoming successful.
