(Please note: Practice demo accounts don’t last forever. Therefore, the link in this blog to ST1Pair is now connected to a new account.)
Have you noticed a pattern from this year’s Smart Trader results?
Smart Trader really grooves on certain currency pairs in this market. On other pairs, not so much. But remember, one of the greatest benefits Windsor Park provides is the data from over 100 trading stations running day and night! Having access to this information allows us to narrow our testing focus. Therefore, since any particular strategy will excel on certain pairs, we are able to tweak our settings to accommodate those specific pairs.
As currency traders, you and I need to assess the market conditions to determine which of the vehicles at our disposal will work best. If you’ll forgive the analogy, our strategies are similar to an SUV. You wouldn’t take a sports car off-road, and you wouldn’t take a big semi-truck just down to the corner grocery. But there are some SUV’s that you could use for both situations. An SUV will get different gas mileage off-road than it will on the highway. In the same way, our strategies provide different returns based on the market conditions. And remember, no matter which strategy you choose, you are still the driver. You’re in charge!
So, take a look at the GBPJPY with Smart Trader here. I’m calling it st1pair. It has less than 2% losing trades! (Running since April 4th, this pair was chosen for its consistent top 5 Smart Trader ranking on the blog)
Also, don’t forget that all of you members are an integral part of the testing process!