Very simple strategy GBP/USD - MT4/MT5 Resources
Hi everyone, I recently started backtesting a strategy and wanted to know what you think. It uses Arrons upper and lower settings for periods of 30, 26 EMA and 100 EMA.
I will look at the chart at 9am GMT and the trade will only be executed at that time. I will use the 1H time frame. Depending on what the Aron of the previous candle showed, it will indicate a buying or selling opportunity, so if green is higher than red, it is a buying opportunity and vice versa. What determines whether I enter a buying opportunity is whether the 26EMA is below the 100EMA at this time. For sell signals, the opposite is true. Calculated from the previous candle's closing price, the target price is 150 and the stop loss is 25. Only one transaction can be made at any time.
I only backtested this between June 1, 2020, and April 10, 2020. This was done last week, which is why it only went up to 10/04. The result was 7 wins and 8 losses, a profit of 850 points. I will test this further in 2019 to see if it gives good results. Also consider trying it on other pairings
Just wanted to see what you thought about this and if anyone else would like to explore this strategy further with me as well.
I'm still new and this is my first time posting a strategy, please tell me I missed anything or you don't understand
I will look at the chart at 9am GMT and the trade will only be executed at that time. I will use the 1H time frame. Depending on what the Aron of the previous candle showed, it will indicate a buying or selling opportunity, so if green is higher than red, it is a buying opportunity and vice versa. What determines whether I enter a buying opportunity is whether the 26EMA is below the 100EMA at this time. For sell signals, the opposite is true. Calculated from the previous candle's closing price, the target price is 150 and the stop loss is 25. Only one transaction can be made at any time.
I only backtested this between June 1, 2020, and April 10, 2020. This was done last week, which is why it only went up to 10/04. The result was 7 wins and 8 losses, a profit of 850 points. I will test this further in 2019 to see if it gives good results. Also consider trying it on other pairings
Just wanted to see what you thought about this and if anyone else would like to explore this strategy further with me as well.
I'm still new and this is my first time posting a strategy, please tell me I missed anything or you don't understand
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