Hi, All.
I found this strategy had a good chance to be profitable on GBPUSD.
My backtesting since January to Feb 16th 2007 on GBPUSD is 1000 pips gain(excel attached).
I'll do forward testing this week with demo account.
The Strategy based on Open Price and Static Fib Numbers.
GBPUSD example
Today Open : 1.9634
Add Horizontal Line above Today Open :
HL1 = 1.9634 + 34 = 1.9668
HL2 = 1.9634 + 89 = 1.9723
HL3 = 1.9634 + 144 = 1.9778
Add Horizontal Line below Today Open :
HL4 = 1.9634 - 34 = 1.9600
HL5 = 1.9634 - 89 = 1.9545
HL6 = 1.9634 - 144 = 1.9490
* Indicator attached
Insert DayOpenFib twice on the chart with TF < H4.
-First, set parameter up=true
-Second, set parameter up= false
Rules :
Place Buy Stop order at HL1, SL = Today Open, TP1= HL2, TP2 = HL3.
Place Sell Stop order at HL4, SL = Today Open, TP1= HL5, TP2 = HL6.
If Buy stop order executed, change Sell Stop order = Today Open, SL = HL1, TP1= HL4, TP2= HL5.
Do the opposite if Sell Stop executed.
Any Opinions are so welcome.
I found this strategy had a good chance to be profitable on GBPUSD.
My backtesting since January to Feb 16th 2007 on GBPUSD is 1000 pips gain(excel attached).
I'll do forward testing this week with demo account.
The Strategy based on Open Price and Static Fib Numbers.
GBPUSD example
Today Open : 1.9634
Add Horizontal Line above Today Open :
HL1 = 1.9634 + 34 = 1.9668
HL2 = 1.9634 + 89 = 1.9723
HL3 = 1.9634 + 144 = 1.9778
Add Horizontal Line below Today Open :
HL4 = 1.9634 - 34 = 1.9600
HL5 = 1.9634 - 89 = 1.9545
HL6 = 1.9634 - 144 = 1.9490
* Indicator attached
Insert DayOpenFib twice on the chart with TF < H4.
-First, set parameter up=true
-Second, set parameter up= false
Rules :
Place Buy Stop order at HL1, SL = Today Open, TP1= HL2, TP2 = HL3.
Place Sell Stop order at HL4, SL = Today Open, TP1= HL5, TP2 = HL6.
If Buy stop order executed, change Sell Stop order = Today Open, SL = HL1, TP1= HL4, TP2= HL5.
Do the opposite if Sell Stop executed.
Any Opinions are so welcome.
Attached Image
Attached File(s)
DayOpenFib.mq4
4 KB
|
2,179 downloads
backtesting.zip
2 KB
|
1,550 downloads
in