Gertje » Mon Sep 19, 2016 9:06 pm wrote:Zennor » Thu Sep 15, 2016 3:46 pm wrote:
System.
1] Chart Time Frame: 1H
2] Start time: UK opening (10:00am Bully Bully Bully Pepperstone).
3] Entry: Buy or sell if the UK 07:00 (09:00 Bully Bully Bully Pepperstone) CSS colour is different from the previous 06:00
Did you consider opening trades on EVERY pair at UK-opening, regardless if a cross happened or not?
Some pairs start going up or down before LO, and never cross back.
Hi Gertje
I was looking at my charts during the open and was going to test this. Once the initial trade is placed on each pair I am also looking at switching to M30 and trading crosses. An hour of a pair moving strongly in the wrong direction can take you a long way into the red before you can jump in and hedge.
Something else I played with yesterday was taking trades in the direction of the H4 CSS on all 27 pairs. I tried this three times yesterday, once towards the end of the the Asian session, once at the Frankfurt open and once just after London open. I traded 0.01 lots per $1000 with a 3% target and 15% shirt protection. The first two hit pretty quickly. The London session took some time and went to -8% before I changed the target profit to 2% and it hit about 5 hours into the session.
I need to tweak the strategy to have some more method. I am thinking maybe trading Daily crosses with a 1.5% target, the open of the 3PM H4 candle (Australia East Coast Time) 1.5% target and and then London open on the H1 but trading M30 crosses 1.5%.
Cheers
Keith
These results below are from my H4 testing yesterday with the respective targets of 3%, 3% and 2%.
I am moving state this week so will get as much testing in as I can
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