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Backtest my new weekly trading

PostPosted: Wed Aug 08, 2012 1:24 am
by Microsuck_360
1st of all english is not my main lang so hope u guys understand what i trying to say here..

i dont have time to backtest this strategy so hope u guys can help each other out

Okay open weekly chart i like GJ next put horizontal lines at each 00 numbers, for example 123.00, 124.00 and so on just like below

Image

Now make sure ur brokers allowed hedge/hedging, cuz each time new weekly candlestick come out (sunday/monday) u need to buy and sell at the same price/level (remember the horizontal lines 123.00, 124.00 and so on?) for example look picture below

Image

Okay now focus on long black candle, imaging it not happen yet, imaging its sunday/monday price open right above 128.00 so now what u gonna to do is pending buy and sell at 128.00 with SL-100 each. As u can see price go down almost touch SL (127.00) next price goin up and hit 129.00 (your sell will hit SL) move your buy SL to BE

Exit: this will be tricky part, well not really tricky but i will go for +100 in this case if price hit 130.00 (200 - 100 = +100) So its either u will get 100 pips or will lose -100

This is when i dont have time to backtest it, hope anyone out there can maybe use it and who know it might work for you...good luck.. :mrgreen:

Re: Backtest my new weekly trading

PostPosted: Wed Aug 08, 2012 9:47 pm
by Microsuck_360
i gonna try to forward-test it next week..by the way this week if we test it on GJ look like we will hit -100 (sell BE and buy -100) :mrgreen:

Re: Backtest my new weekly trading

PostPosted: Thu Aug 09, 2012 6:05 pm
by Microsuck_360
Microsuck_360 wrote:i gonna try to forward-test it next week..by the way this week if we test it on GJ look like we will hit -100 (sell BE and buy -100) :mrgreen:


UPDATE:
EU buy and sell at 1.2400 (buy sl-100 and sell already break +100 pips so SL to BE)
GU buy and sell at 1.5600 (both still running/active)
Eur/Jpy buy and sell at 97.00 (both still running/active)
AU buy and sell at 1.0600 (both still running/active)

Not sure bout other currency... :mrgreen:

Re: Backtest my new weekly trading

PostPosted: Thu Aug 16, 2012 6:07 pm
by Microsuck_360
Sorry for late update,
GJ buy and sell at 123.00 (sell already hit SL-100, buy SL moved to BE)
EU buy and sell at 1.2300 (both still running)
GU buy and sell at 1.5700 (both still running)

:mrgreen: :mrgreen: