Last algorithm update:
From 2023- May – 01 Ten day forecasts have replaced the daily signals.
Screening For Setups
The Forex market pairs are screened during the day for a setup and then the Signals, Stop Loss and Target are posted if certain entry rule based criteria are met. If these criteria are not met there will be no post for that day.
A target is the price at which a trader plans to exit a trade and realize their profit. A target is a predetermined level at which a trader will sell or buy an asset, with the expectation that the market will reach that level and provide a profit.
A stop loss, on the other hand, is an order to sell or buy an asset when it reaches a certain price, with the aim of limiting potential losses. It’s a predetermined level at which a trader will exit a trade, to prevent further losses in case the market goes against their trade.
Confirmation and Money Management.
A setup should be confirmed by recent news flow.
To limit exposure to risk a stop loss should always be applied.
Trading View is an excellent site for intraday charts and information.
Breaking News and Fundamental Analysis:
It is important to be aware of breaking news and any fundamental analysis that may affect the markets. Breaking news may also be followed by a sudden reversal in trend.
Forex Factory is an excellent site that has an economic calendar and news.
27 March 2023
Pending Orders have been replaced by intraday entry
27 August 2022
The chart has been replaced by a table showing pending orders
21 August 2022
Improvements have been made to the algorithm. The chart has been simplified to make it easier to understand. Screening for setups in indexes has also been added.
10 August 2022
In addition to the FX pairs, screening for setups in equities has also been added.
30 May 2022
The chart has been simplified to make it easier to understand.
31 March 2022
The chart has been simplified to make it easier to understand.
09 March 2022
The chart shows the Pivot Points Support and Resistance lines together with the forecast Support and Resistance for the current day along with the recent intraday price.
This helps to set the Target and Stop Loss levels
A directional Signal Setup bias is also given.
08 Nov 2021
The focus is on finding the best daily FX pairs for a successful outcome and then waiting for a potential intraday setup trigger. The chart has been simplified to show just the intraday support and resistance levels and the recent intraday price along with a comment on the directional Signal Setup bias.
20 April 2021
For Forex, Gold and Silver an intra-price line (light blue) has been added to help identify if the price is close to support (red dots) or resistance (green dots).
10 March 2021
Two tracker lines (green: bullish, red: bearish) that help to identify the trend, retracements, breakouts and trend change were introduced.
29 December 2020
In this update the Open, High, Low and Close Forecast Distributions were introduced replacing the previous intraday support and resistance levels. Improvements were also made to the intraday bias calculations.
Signal Setups 