I have conducted 3 year backtesting for Wallstreet Forex Robot. I've tested many pairs, but those that worked well were GBPUSD, EURUSD, AUDUSD, AUDJPY(EURUSD setting), CADJPY(AUDUSD setting), and USDCAD.
Someone in the donnaforex tested those exotic pairs and found some exotic pairs works really well. But I found something more. Although in his demo account CHFJPY and EURJPY worked really well for a couple of months, in my 3 year testing, those pairs didn't work well.
GBPUSD is the very best pair and well surpasses the second best EURUSD pair. EURUSD performs well enough, too, and it's worth enough to run. Compared to those two pairs, other pairs don't perform really well, however, AUDUSD makes a different equity curve than those pairs and may diversify the results in a good manner.
Someone in the donnaforex has done a forward demo test for a couple of months. During that period, while EURUSD kept losing, AUDUSD just kept winning. So I guess running AUDUSD may make a good compensation during a bad period for default WS pairs.
AUDUSD and AUDJPY are mutually correlated. AUDJPY and CADJPY are correlated as well. However, those three pairs take positions at different levels. Of course, they can take positions almost simultaneously occasionally, but such incidents can also happen between EURUSD and GBPUSD. As far as I observe, while such incidents increase trading frequency, the risk may not be very serious.
I've decided run above mentioned pairs for 3 years with very high risk. I'm mentally prepaired to lose the account completely, but if it's successful, it will be a huge success.
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