Trading condition: Going LONG Eur/Usd, day after the latest PMI release, if actual PMI is greater than previous PMI, and going SHORT Eur/Usd, day after the latest PMI release, if actual PMI is less than previous PMI.
Backtesting Optimization Euro/US Dollar and Non-Manufacturing PMI: 1% Stop Loss (1% risk of 100k account’s balance) and 1% Take Profit is the best setting to get less drawdown.Backtesting Optimization Euro/US Dollar and Manufacturing PMI: 1% Stop Loss and 3% Take Profit is the best setting to get better relative performance. 3% take profit is more reasonable and realistic than a 10%.
Trading Strategy Equity Line vs Buy&Hold
Optimized strategy and equity line (green line) of Euro/US Dollar and Manufacturing PMI. 1% Stop Loss and 3% Take Profit setting, versus Buy&Hold equity line (black line)Optimized strategy and equity line (green line) of Euro/US Dollar and Non-ManufacturingPMI: 1% Stop Loss and 1% Take Profit setting, versus Buy&Hold equity line (black line)Optimized strategy profits and losses of Euro/US Dollar and Manufacturing PMI: 1% Stop Loss and 3% Take Profit, over past yearsOptimized strategy profits and losses of Euro/US Dollar and Non-Manufacturing PMI: 1% Stop Loss and 1% Take Profit, over past yearsOptimized strategy profits and losses of Euro/US Dollar and Manufacturing PMI: 1% Stop Loss and 3% Take Profit, over past monthsOptimized strategy profits and losses of Euro/US Dollar and Non-Manufacturing PMI: 1% Stop Loss and 1% Take Profit, over past months
Giancarlo Pagliaroli
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by the author.
