USD/ARS Forecast! 86% Return Last 12 Weeks
In this brief article, I will be showing how our algorithm has been trading US Dollar /Argentine Peso in a four-hour timeframe over the last 12 weeks, and how it has performed during that period. The algorithm has been designed to trade in a way that is similar to how a human would trade. It takes into account things like support and resistance levels, Fibonacci retracements, and candlestick patterns.
This week, the SlothTrading algorithm can be seen on the US Dollar /Argentine Peso currency pair. The algorithm is able to take advantage of the market conditions and generate a profit. We will continue to monitor the algorithm’s performance and will keep you updated on its progress.
As you can see on the graph down below, the investment made 12 weeks ago has made 86% profit (this means that an initial investment of $1,000, after 12 weeks of trading resulted in $1,855), being a good result.
This information is shown in the following graph.
The average percentage of opened positions compared to the possible positions that could be opened (one every hour, when the market is open) is 76%. This means that our system only opens a position when a certain confidence threshold is reached.
You can perform further checks or open a simulated position with our algorithm using our simulator tool. You can also use the simulator tool to test how different factors would have affected your investment. For example, you can see how your investment would have performed if you had invested a different amount of money, or if you had invested in a different asset.
By testing the simulator tool, you will be able to see how much you would have earned or lost if you had invested $1000 12 weeks ago on any asset, or see how a simulated investment evolves over the next few weeks.
If you are wondering how we calculate the performance, it is a simple process very well explained in this Medium article, but basically, we open a position every hour with a fraction of the capital to diversify and minimise risks (it is an alternative to using a tight stop-loss).
By reading the aforementioned article, you will gain a better understanding of how the algorithm works and how it has been designed.
With cryptocurrencies, we do not use any leverage at all, and with forex, stocks, and other assets, we use 10x leverage.
I hope you enjoyed reading the results that our algorithm is achieving every week. See you in the next article!
Remember to check SlothTrading for other price predictions.
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