We believe the Grey Trading Omega D1 script is excellent and robust enough to trade FX, Equities and Crypto. We mainly use it on FX on the following pairs (EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY and XAUUSD) you could also use it to trade minor and exotic pairs for FX.
When trading crypto is it is best to stick to cryptocurrencies with a longer history such as BTCUSD & ETHUSD. As these two cryptocurrencies make up the bulk of the crypto index this will give you enough exposure to the crypto sector.
The Grey Trading Omega D1 script could also be used to time buy positions in Stock Indices such as SPX500, DJIA30 and USTEC. We don't recommend to short the indices as these markets follow inflationary pressures over the long term.
We also suggest using the Grey trading Omega D1 script to filter your research if you are testing new algorithms on lower timeframes such as H1, M30, M15 and M5.
Once the Grey Trading Omega D1 direction has been determined it is wise to time another trade on the 720 (H12) timeframe and also the H4 timeframes. This will give you an additional 2 trades per symbol you trade. Our research shows this can enhance the system and its stability,
Take one trade just in the direction of the D1. (Trade 1)
When the D1 and H12 timeframes align take another trade. (Trade 2)
When the D1 and H4 timeframes align take another trade. (Trade 3)
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