Forward Signal and Improvement of EURCAD 15-minute chart for August 2022

In this article we title “Forward signals and improvements for EURCAD 15-minute chart in August 2022” and verify the forward signals for EURCAD 15-minute chart in August 2022 for the FX multi-currency trading set product listed below.



FX Expectation and Compounding to Grow Several Times Annually: Multi-Currency Trading Set

https://www.gogojungle.co.jp/tools/indicators/40023



The results of trading with a fixed 1,000 currency lot for August 2022 1 month forward signals on EURCAD 15-minute chart are shown below.

Balance curve for 0.01 lot trading starting from 100,000 yen


Here, signals and signs are used with the same meaning.

In the FX multi-currency trading set, to bridge the gap between backtests and forwards, even if an entry signal is issued, you can refrain from entering by not clicking the “buy” or “sell” button.



From this perspective, we revalidated by assuming that among all forward signals with EURCAD in August 2022, signals that would incur a loss were avoided by skipping the entry.



As a result, there were no signals that could be assumed to be avoided, so this time we present two profitable signal examples.



The sell signal in the figure below is entered when the RSI7 and Bollinger Bands 20 are in high positions within an uptrend.






By the way, here we only look at the 15-minute chart and test whether increasing the zoom factor can avoid losses; we do not assume checking long-term charts such as the 4-hour or daily chart at the time of decision before entry.

This is to emphasize reproducibility; since interpretations of long-term trends vary by situation, we determine that they cannot be used for reproducible validation.

Of course, long-term trends are viewed within the system according to currency.



Also, please note that tests assuming missing profitable signals have not been included, so please be aware.



If you own the FX multi-currency trading set, please refer to this as a guide.



Even if you do not own it, fully automated trading is very challenging, and an environment where you can choose entry signals is desirable; please consider this as material before purchase.



I wish you all success.



Also, the MT4 test report including backtest period from January 2020 to July 2022 and forward period from August 1, 2022 to August 31, 2022 can be downloaded from the following link.

StrategyTester_EURCAD_2208_2208.zip

In this system, all trades are executed at the open of each bar, so whether you set the MT4 Expert Advisor to “open prices only” or to “every tick” yields the same result.



Thank you very much!