AUD/JPY strategy | Foreign exchange EA download- MT4/MT5 resources

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Wednesday AUD/JPY Strategy — This trading system exploits the specific trend of the AUD/JPY currency pair (AUDJPY) being statistically bearish in the last hour before rollover interest is applied on Wednesday. The specific day of the week was chosen because rollover amounts on Wednesdays are three times higher than on normal days (interest on Sundays and Saturdays goes down on Wednesdays). It is unclear why AUD/JPY, a currency pair that traditionally has positive roll interest, was sold 1-2 hours before the overnight swap was implemented. Perhaps, traders (hedge funds) with large bullish positions would prefer to partially close their positions this time without causing too much disruption to the market.
Features

1. Basic fundamentals of trading.
2. Very simple strategy.
3. Statistically perfect.
4. Only one trade is made per week.
5. Jumps in interest rates could affect it.

strategy development

1. Trading only on Wednesdays.
2. Open the hourly chart of the AUD/JPY currency pair.

Admission requirements

Open a short position at 15:00 EST (GMT-5 or GMT-4 during daylight saving time).
There is no stop loss or take profit.
Exit conditions

When the new bar opens (16:00 EST), close the position.
Example <br> Wednesday 2009-10-14 Wednesday 10-21
http://www.earnforex.com/forex-strat...py-chart-1.png http://www.earnforex.com/forex-strat...py-chart-2.png

Wednesday 2009-10-28 Wednesday 2009-11-04
http://www.earnforex.com/forex-strat...py-chart-3.png http://www.earnforex.com/forex-strat...py-chart-4.png

The H1 bar occurring at 15:00 ET is marked with a red oval. After 44 weeks, the statistical gain for selling during that hour is 400 points. Each trade is approximately 9.1 pips, which is higher than the average spread on AUD/JPY (5 pips). Of course, on some Wednesdays this strategy will lead to losses, but in the long run, it is profitable.

It does look good in the tester. Very rough backtest, from January 1, 2001 to November 23, 2011. good! ! ! ! !