Forex Strategies Forum

[Rom]

EA for backtesting
http://www.regnskapsprogrammer.com/xp/h3Ducks.zip

Courtesy of http://captaincurrency.blogspot.com


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[Rom]

I should maybe add that the 3 Ducks EA is just representing 2 ducks and no S/R resistance stuff at all. Captain Currency is a likeable guy and his newletters are full of humour and non-BS. Here is latest email 2010-10-27:

Some currency pairs are a bit "directionless" lately so I'm sitting on my hands and not getting suckered into taking any 50/50 gambles with the market. We need an edge in the market to make a profit otherwise we are just gambling. The trend gives us an edge because in an uptrend price has a higher probability of going up at certain points and vice-versa for a down trend. You will often hear the trading cliché "price is KING!" That trading cliché is a load of BS. I would say that the TRADER who can correctly observe price is KING!. A dummy observing price is still a dummy. Rant over! Happy Halloween and stay safe in the market.

Here Is My Current View On Some Currency Pairs Using The 3 Ducks Method;

Eur.Usd – a bit 50/50 and I'm not interested in this pair for the moment.

Gbp.Usd - a bit 50/50 and I'm not interested in this pair for the moment.

Eur.Gbp - a bit 50/50 and I'm not interested in this pair for the moment.

Usd.Chf - I would be looking for buying opportunities when my 3 ducks line up.

Aud.Usd - a bit 50/50 and I'm not interested in this pair for the moment.

Usd.Cad - I would be looking for buying opportunities when my 3 ducks line up.

Aud.Cad - I would prefer to be looking for buying opportunities if/when my 3 ducks line up.

Eur.Aud - Same as last week, a bit 50/50. Not interested in this pair at the moment.

Eur.Cad - I would prefer to be looking for buying opportunities if/when my 3 ducks line up.

Usd.Jpy - Dollar coming back but I would prefer to be looking for selling opportunities if/when my 3 ducks line up.

Hope that helps you, keep it simple, keep it logical!

Best wishes,
Andy