Developing a system #15 (Kevin's trading system)
Submitted by User on May 2, 2009 - 08:51.
This is something I just started to look at but the back testing I have done from Feb 1st to April 22 showed good results. I thought I would put it here and get some opinions and also maybe some input.
Take the high and low from 5pm est through the 1 am est hour. (Enter trade at 2 am est) Add 5 pips to the high for you buy and minus 5 pips to the low for the sale use a 100 pip stop and a 100 pip tp. Close all unfilled orders and any open positions at 6:59 est. Take a look and let me know what you think.