Hi all,
in this thread I want to show a test of a incredible simple kind of trend follower.
It's so simple it doesn't deserve to be a system actually.
Here are the rules with an example for the EUR/USD:
Assume the price is at 1.2000:
Place stop buy orders at 1.2050, 1.2100 and so on with NO TP but with a trailing stop of 100 pips.
Place stop sell orders at 1.1950, 1.1900 and so on with NO TP but with a trailing stop of 100 pips.
That's all. So if the Euro goes up (as it will ) we will go long at:
1.2050 with a TS at 1.1950
1.2100 with a TS at 1.2000
...
We fill the gap in the other direction, so if the order at 1.2100 is filled we place a new stop sell at 1.2000.
I'll test that with a demo account, the link for MyFxBook can be found here:
http://www.myfxbook.com/members/Xaro...le-trend/35327
Actually I don't know the outcome of this thing, this is just some testing. I'm curious how such a stupid and simple thing will work or not...
in this thread I want to show a test of a incredible simple kind of trend follower.
It's so simple it doesn't deserve to be a system actually.
Here are the rules with an example for the EUR/USD:
Assume the price is at 1.2000:
Place stop buy orders at 1.2050, 1.2100 and so on with NO TP but with a trailing stop of 100 pips.
Place stop sell orders at 1.1950, 1.1900 and so on with NO TP but with a trailing stop of 100 pips.
That's all. So if the Euro goes up (as it will ) we will go long at:
1.2050 with a TS at 1.1950
1.2100 with a TS at 1.2000
...
We fill the gap in the other direction, so if the order at 1.2100 is filled we place a new stop sell at 1.2000.
I'll test that with a demo account, the link for MyFxBook can be found here:
http://www.myfxbook.com/members/Xaro...le-trend/35327
Actually I don't know the outcome of this thing, this is just some testing. I'm curious how such a stupid and simple thing will work or not...