Average Range Pullback in British Pounds
British pounds is one of the major currency markets that can be traded through CME futures contracts. In this edge, we use the average range to find profitable opportunities in British pounds.
A Closer Look
The currency futures are among the more difficult markets when it comes to finding edges. With this edge, you get a nice template to continue your research into the British pound futures market.
The edge is composed of:
- An Unconventional Average True Range
- A Symmetrical Price Pattern
- A Price Pattern-based Exit
This edge was tested on the British Pound market. However, it seems to hold merit on some other markets as well!
Here is the same edge applied to the EC (Euro Currency) futures market. I know, from testing it myself, that you could build systems with this edge on even more markets!
No parameters were shifted, so there is definitely room for further optimization!