Does this simple system devised by Richard Donchian really work? (Does this simple system by Richard
4 week rule
The 4 Week Trading Rules System has been at the core of many successful trading systems and one of the simplest, easiest, and most profitable ways to trade trending markets.
Rules The original rules are used to trade commodities and can be summarized as:
1) When price exceeds the previous 4 highs, close the position and go long the calendar week.
2) When price breaks below the previous 4 lows, close long positions and go short the calendar week.
If run using SAR (Stop and Reverse), the above system will always remain in the market (long or short).
Filter: 5 SMA, apply to open and 5 SMA to apply to close
@ Entry 2PO, SL > 5 SMA line to sell and above 5 SMA line to buy, TP1 = SL/Risk, TP 2 is the 2-week low for short entry, and the 2-week high for long entry...
Can this simple system work for all transactions? ? ?
Please provide your feedback on this system, it is very simple and these simple systems also work and manage well in today's currency trading, please provide your feedback and opinions in the forum to exchange opinions. Before and after I thank you,
The 4 Week Trading Rules System has been at the core of many successful trading systems and one of the simplest, easiest, and most profitable ways to trade trending markets.
Rules The original rules are used to trade commodities and can be summarized as:
1) When price exceeds the previous 4 highs, close the position and go long the calendar week.
2) When price breaks below the previous 4 lows, close long positions and go short the calendar week.
If run using SAR (Stop and Reverse), the above system will always remain in the market (long or short).
Filter: 5 SMA, apply to open and 5 SMA to apply to close
@ Entry 2PO, SL > 5 SMA line to sell and above 5 SMA line to buy, TP1 = SL/Risk, TP 2 is the 2-week low for short entry, and the 2-week high for long entry...
Can this simple system work for all transactions? ? ?
Please provide your feedback on this system, it is very simple and these simple systems also work and manage well in today's currency trading, please provide your feedback and opinions in the forum to exchange opinions. Before and after I thank you,
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