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(binned per thread starter's request) Simple Trading Methods

  • #1
  • First Post: Edited May 27, 2018 8:51pm Jan 28, 2018 7:07pm | Edited May 27, 2018 8:51pm
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  • #2
  • Jan 30, 2018 2:52am Jan 30, 2018 2:52am
Interesting strategy. But usually the open of a bar is the close of the previous?
How do you exactly decide whether to enter or not?
  • #3
  • Last Post: Edited Jan 31, 2018 3:57am Jan 30, 2018 4:07am | Edited Jan 31, 2018 3:57am
Quoting rolfw
But usually the open of a bar is the close of the previous? How do you exactly decide whether to enter or not?
Hi rolfw,

It doesn't matter if you use the close of the previous daily bar or the open of the current daily bar to determine whether you are buying or selling; backtesting indicated that both price points gave similar results for all pairs tested. The decision to place a trade is straightforward as explained in post 1, step 1 (for buy) and step 6 (for sell). The gist of the trading method is that you are opening trades in the direction of the current daily trend and then walking away.

Best,

Dave
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