OK, this is where I will post backtestings of some forex trading strategy.
Maybe some forex notes, strategy notes, coding notes from others.
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First one is backtesting of Inside Bar by using XARD777 Inside Bar indicator
This is for GBPJPY MAY 2020
Too busy to do June and July 2020. But eventually will do it.
I like this indicator.
Experiment indicator: Yesterday High & Low BreakOut
Still working on the colors.
When the prices breakout above yesterday high, we go long.
Vice versa.
When the prices breakout below yesterday low, we go short.
But there's always a fake breakout.
This is an old strategy way back in 2007 called Spud's MTF FIB Breakout System
The reason I use two HMA (34 & 40) because they look like Stochastic crossing on the main chart.
It's redundant but it's easy for me to see.
The second HMA is like a confirmation.
Banzai wrote: Fri Aug 14, 2020 5:57 amIt's easy to say but hard to do.
The reason I use two HMA (34 & 40) because they look like Stochastic crossing on the main chart.
It's redundant but it's easy for me to see.
The second HMA is like a confirmation.
Rules: H1 Step OMA is the trend. Do not use M30 trend. It gives some false signals.
1. Try not to go LONG at ADR 100%. That's the maximum Average Daily Range for the day.
2. Try not to go LONG at yesterday High 100%. That's yesterday high.
3. Try not to SHORT at ADR 0%. That's the minimum Average Daily Range for the day.
4. Try not to SHORT at yesterday Low 0%. That's yesterday low.
