Forex trading strategy #18 (20 pips with GBPUSD after midnight)
Submitted by User on May 8, 2009 - 11:01.
Submitted by Rich
I've just started trading a strategy which is based on the close of the first 15 minute bar after midnight GMT on GBPUSD.
1.) Take the closing price of the first 15 minute bar after midnight GMT on GBPUSD
2.) Place a buy order 50 points above the close and a sell order 50 points below the close
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Rich, what is the name of your backtest software application you are using here. thx.
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
would appreciate it if someone could back test this for a long period
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
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?
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
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.
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.
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