DislikedI was curious to see how this strategy is profitable on the 4 hr TF in the long run. I manually backtested AUDJPY, AUDUSD, CADJPY, CHFJPY, EURCHF, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCHF, USDCAD and USDJPY. Overall, I came up with over 15000 pips since January following the rules in my previous post. The win/loss ratio is around 78%. The pairs with JPY gave the best results and EURCHF (62%) - NZDUSD (67%) the least profitable results. Of course I couldn't have taken them all otherwise I would have gone over 2% of my investement...Ignored
The 78% success rate is quite appealing. Whcih are the highest currencies, I may ask?
Also, Although I am not a programmer, this seems like a very easy strategy to program into an EA, as my only problem with the method would be getting sleep!
Anyone know of an EA that could implemnet this?