Forex trading strategy #18 (20 pips with GBPUSD after midnight)

The formula for the IF function in the excel spreadsheet:
=IF(Y230="L",X230,IF(Y230="W",AC230,IF(Y230="P",0,"")))
Where Y230 is the text cell (column), X230 is the calculated Loss column, and AC230 is the calculated WIN column. Of course these can be arranged in the order you like.
New to forex and I am working on a spread sheet to help me track my data.

Regarding your IG Index account it might be because IG Index is actually a Spred betting company and your betting on higher or lower points so they list currencies as points as opposed to currency levels.

Today GBPUSD trades at 1.5940
On December 20th it was trading around 1.6120

Same as yours, but the decimal separator is after the first digit, with 4 decimal points after that.
You obviously have 5 decimal platform, but I'm not sure why the separator is not activated the way it does across majority of Forex platforms.

Thomas

Hi

Just come across this great website and its fantastic, first of all thanks to everyone that contributes to it. I have been looking at this 00:15 strategy and am trying to do some homework on it, on my igindex account currently in december the GBP/USD is trading at 16156.9, so I am a bit confused where you guys are getting figures like 1.5076, am i possibly looking at the wrong chart?

Hey Ant,

I like this method too, and I look to improve it after I finish reading this marvelous full of ideas website.
I'm a more confident trader now :)

wish you the best!

Fernando

would appreciate it if someone could back test this for a long period

hi guys firstly would like to say how much im enjoying this site!!!
been testing this strategy on the 30min charts and has worked pretty well. mainly on the EURUSD, AUDUSD.. any thoughts on how we can improve things???

Ant

Rich, what is the name of your backtest software application you are using here. thx.

I use a simple rule:

I trade whatever the London trades. If London uses BST, this means all trades worldwide use BST, and so should be your broker (e.g. a platform adjusts to BST time as well).
This all mean you don't have to add/subtract any hours during either Winter or Summer time. You trade it as is, whatever platform shows you. If you need to use 12.15 London time, you use 12.15 as shown on your platform.

Thomas

As its British summer time at the moment should you be looking at the 12.15 BST (GMT+1) candle or must it be 12.15 GMT (1.15am)

i think 50pips is too much let try 20 or 30pips together.thks

GMT is London Time, in New york you'll have GMT-5.

Just want to ask when you say after midnight GMT, what exactly does it mean? I am from South East Asia, Does it mean that after 12Midnight New York time, somebody please elaborate!

Thanks a lot, its a great site really for traders, more power!

hi rich,could you kindly show me the chart on how this particular strategy is working & on what chart (1HR,15M,30m).tnx adebayo

Rich,
You posted this in May. Are you still trading it in its original form or have you developed it further. Thanks for sharing!