AI Trade Report

EURUSD || Sell Limit @1.11404 29.09.2023 08:29:04 UTC || Close @1.05802 29.09.2023 08:29:11 UTC || +5.02% [TEST 11]

The EURUSD trade opened at 1.11404 and closed at 1.05802, resulting in a substantial drop of approximately 560 pips. This short position resulted in a sizeable profit for our trading algorithm, a testament to its market insights and predictive capabilities.

Before the trade was initiated, the stochastic signal over the 1 minute timeframe was at 45.13 whilst the 15 minute stochastic signal was at 86.49, indicating the market was largely overbought and that a reversal was likely. This gives credence to the decision to enter a sell limit order.

The image below provides a focus on the 1-minute timeframe where we can see both the price action and the RSI.

The RSI, another popular momentum oscillator, also indicated the market was moderately overbought as the value was at 47 at trade open and closed slightly lower at 46.25, a bearish divergence signal that aligns with our short position.

Moving Average convergence divergence (MACD), a trend-following momentum indicator, also signaled bearish momentum. From the trade open, MACD signals on the 1 minute, 1 hour, and 15-minute timeframes have remained relatively stable, suggesting the strength of the trade to the downside.

Let’s take a closer look at the price chart with momentum indicators – MACD and CCI, alongside volatility indicators – Bollinger Bands and Average True Range (ATR). This image is shown below.

One of the most used indicators for measuring volatility is the ATR. At open, the ATR was 0.00008 on the 1 minute chart, and remained the same at close, implying that the market was experiencing relatively stable volatility throughout the trade.

The trade was also validated by the Commodity Channel Index (CCI), which moved from -43.03 to -48.16 on the 1-minute timeframe – another strong signal of the bearish trend.

The Bollinger Bands mirrored these findings, with the BB main moving from 1.05807 to 1.05806 on the 1-minute timeframe, reflecting a bearish momentum in line with our short position.

Our automated trading system, FundGPT, also takes into account long-term trends before making a trade. Importantly, the indicators on the 1 hour and 15-minute charts align with the trade. The stochastic signals on the 1-hour chart and 15-minute chart both indicated overbought conditions, supporting the trade decision.

In the grand scheme of things, the trade on the EURUSD pair was executed with precision, utilising both short-term and long-term indicators to maximise profitability. The assortment of technical indicators and the efficiency of our autonomous trading system combined to make this trade a successful one.

This deep dive into technical indicators of this trade highlights the intelligence of FundGPT. We hope this report provides a clear and complete overview of the market conditions when the trade was executed and how all of the technical indicators converged to point towards a profitable short position.

Disclaimer: This report is generated by an AI system using real data. While we strive for accuracy, there may be errors in interpretation. The information provided should not be solely relied upon for investment decisions. Trading, especially automated and experimental systems, carries a high level of risk. Invest responsibly and only with funds you can afford to lose.

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