Although past performance is never a guarantee of future results, careful statistical analysis of price action provides a solid foundation for knowing what is and isn’t likely to work in a market.
However, it’s also true that if past performance was poor, future performance is also likely to be poor. Just because a strategy offers potential in one currency pair doesn’t mean it should be expected for another currency pair.
One consistent trait emerged in the two articles. It shows volatility declined over the analysis period: The standard deviation for the five-day close-to-close changes fell in each 12-month section of the review period. This was also observed in the EUR/USD analysis.
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