Random forest - currency trading strategy
The goal of forecasting future price trends for forex markets can be scientifically achieved after carrying out technical analysis. Forex traders develop strategies based on multiple technical analyses such as market trend, volume, range, support and resistance levels, chart patterns and indicators, as well as conducting a multiple time frame analysis using different time-frame charts. Based on statistics of past market action, such as past prices and past volume, a technical analysis strategy is created for evaluating the assets. The main goal for analysis is not to measure an asset's underlying value but to calculate future performance of markets indicated by the historical performance.
Getting ready
In order to perform random forest, we will be using a dataset collected from the US Dollar and GB Pound dataset.
Step 1 - collecting and describing the data
The dataset titled PoundDollar.csv
will be used. The dataset is in standard format. There are 5...