Moving average filter the noise in the forex market

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    Kiaria Yoshida

    The hit rate will vary considerably depending upon the currency pair, the time frame (was it trending a lot or chopping) and the length and type of moving averages. The bottom line: don’t waste your time. This is the first system I ever heard about and tested on a punched tape computer in 1976. I don’t care how you set it up it will not make money consistently.

    Later I found out that Merrill Lynch had also tested it extensively and found that you can’t make make money with it. Auto trade systems are difficult to develop and seldom make money consistently. Any that you are offered by an FX broker are not likely to work. Ditto any that are for sale or rent.

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