Ciao a Tutti,
as we announced last week, there is a new version of FuturoFX available today. We decided to switch the version number from 1 to 2 because this is a major update introducing a brand new feature, the “multi-period”.
The input settings stay the same, with the exception of the “look_back” parameter, which is now a string (and not an integer anymore). With default settings FuturoFX v2 acts exactly like FuturoFX v1. However if you put multiple periods separated by semicolon in the “look_back” field then you’ll see a different textual interface and a different graphical output, like in the picture below:
The graphical output is formed of two horizontal red lines (the “channel”) and of two text labels (the channel’s width and confidence score).
When price is close to or breaks below the lower red line it can be a good opportunity for going long. Viceversa when price is close to or breaks above the upper red line it can be a good opportunity for going short.
It is a couple of weeks that we are testing an Expert Advisor based on this very same concept on a EURUSD M1 chart. The official testing environment on a demo Gallant account started less than 4 days ago and the EA has already banked +195 pips so far and it is flat at the moment.
We hope you can spot great trades with FuturoFX v2 😉