Open Monday-Close Friday – strategy test

0
(0)
Journal to test a weekly buying and selling concept with Demo Commerce Explorer

It is a tremendous easy concept - Open commerce on Monday - Shut commerce on Friday - let the market resolve the revenue or loss.

Query is what to purchase or promote which will pattern in your chosen course for every week?

I've been utilizing tradingview's Foreign exchange Sign Finder to seek out forex pairs which were persistently trending.
I set the sign finder to rank yearly efficiency, month-to-month efficiency, weekly efficiency and every day efficiency.
The currencies I select are Main's, Minor's and Exotics

My standards for selecting a forex pair is as follows:

Shopping for
The forex pair will need to have a powerful optimistic yearly efficiency
And the forex pair will need to have a optimistic month-to-month efficiency

Promoting
The forex pair will need to have a powerful destructive yearly efficiency
The forex pair will need to have a destructive month-to-month efficiency

Additionally my dealer wants to supply the forex pair that meets my standards.

As soon as I've chosen the forex pairs in line with assembly the above standards I enter the commerce on a Monday earlier than London Open and shut earlier than New York shut on a Friday.

If anybody has ever traded like this or comparable - please let me know the way you bought on.

Hooked up Picture (click on to enlarge)
Final week I traded this technique for less than a part of the week.

Pairs traded:
EUR/HUF
EUR/TRY
USD/TRY
USD/MXN
EUR/MXN
GBP/CAD
EUR/CAD

Achieve for the week was 1.7%

Subsequent week would be the first full week of testing this technique

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?



Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.