This forex strategy is very easy. It’s good for new traders. If you have only 10 minutes per week for trading, this strategy is for you.
Settings
- Timeframe: weekly
- Pairs: GBP/JPY, EUR/JPY, CAD/JPY
Rules
Buy
- Previous candle is black, current candle is white
- On Monday when market will be opening, we need to open buy order.
Sell
- Previous candle is white, current candle is black
- On Monday when market will be opening, we need to open sell order.
Stop & Profit
- We don’t have stoploss for orders
- Risk: 5% of deposit for each 100 pips
- Take profit is 500 pips
- All orders must be closed at the end of the week
Extra
- Gaps are OK
- Do not usу Dorje candle for trading, because it’s a signal for trend reversal
Tests
GBPJPY with fix lot 0.05
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