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%6

The EURUSD sell limit trade generated a substantial profit, with the trade opening at 1.11404 and closing significantly lower at 1.05802. This report aims to provide a deep technical analysis of the trade condition, leveraging a series of indicators at various time frames.

The continued downtrend likely played a significant role in triggering the sell limit order. From a 1-minute perspective, despite the Stochastic Indicator registering a bullish signal with a move from 45.13 at open to 38.8 at close, short pressure remained dominant, as reinforced by the decline in the Parabolic SAR from 1.05816 to 1.05805.

Further supporting the sell limit order’s success was the continuation of the downward momentum at the closing time. The MACD, a momentum-oriented indicator, recorded a slight decrease in the signal line from -0.00002 to -0.00001. Simultaneously, the MACD main line remained steady, further confirming the strength of the continuing downward movement.

The Moving Averages (MA1, MA2, and MA3) across all observed timeframes (1 minute, 15 minutes, and 1 hour) consistently indicated a bearish trend throughout the trade. This strong sell signal is evident from the lower closing prices compared to their opening prices, reinforcing confidence in a continued downward movement.

Conversely, the RSI, an indicator used to identify overbought or oversold conditions, recorded a minor reduction across all given time frames—suggesting a mildly bearish environment. Simultaneously, the Commodity Channel Index (CCI) reflected an increased sell sentiment with a decline from -43.03797 to -48.16133 within the 1-minute time frame.

Bollinger Bands across all three time frames showed no noticeable change, suggesting stable volatility. Most interestingly, the AO (Awesome Oscillator) flipped from positive to negative within the one-minute time frame, further fostering an agreeable environment for a Sell trade.

Given the brevity of this trade, the Hourly indicators may not have carried substantial weight in terms of the quick close decision. However, they reinforce the overarching bearish sentiment, thus supporting the placement of a sell limit order in the first place.

From the aforementioned analysis of the market conditions during this trade, it’s evident that the primary characteristics that made this trade profitable were affirming signals from the Moving Averages and other momentum-based indicators on shorter time frames.

This detailed dissection of the trade conditions and indicators ratifies the effectiveness of the AI trading system FundGPT in identifying and leveraging profitable trading opportunities. The significant profit made from this trade is a prime example of its financial prowess.

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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