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Why day-trade currencies?

  #6 (permalink)

NC, USA
 
Trading Experience: None
Platform: None Yet
Favorite Futures: Guitar
 
MrYou's Avatar
 
Posts: 403 since Jun 2011
Thanks: 618 given, 194 received

I am not live trading but I am developing an automated trading system against multiple spot forex instruments.

I do understand there is some correlation between multiple pairs, but my current strategy is not based on correlation. Each pair is traded independently.

Why am I interested in day/weekly swing [automated] trading spot forex?
  • Backtesting and market replay data is available for free.
  • For the most part the pairs do not behave the same providing multiple market "behaviors"/variability.
  • When I do begin to trade with live money in order to test the profitability of the strategy my relative money at risk is very low.

Because of these reasons I believe if the strategy is profitable across multiple pairs then it should be robust and profitable for index and commodity futures and I can scale it up/in based on the size of my trading account.

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