Our script thinks go, it's identified a long position on EURJPY on H1 timeframe with all of the confluences now met.
This is easy right?
No lines, no S&R - no analysis, all I have to do is follow it.
The major plus point is I can see it works with all the data within the strategy tester.
This helps me and our traders have confidence and belief in our execution.
When do we close this? On the H1 timeframe on this pair I am working to a stop loss and just following the trend until the script presents the next trade.
I will close on a reverse signal - but you can do as you wish as the script is adaptable to your trading style.
I don't recommend jumping on random trades you see on TV - that's no plan and you won't have a consistent clear edge.
But do check out the strategy tester results below that show three years of back test data results for this pair traded in the manner explained above.
The results are based on a £500 starting capital wit 1% risked per trade
For any more information on the script in question please drop me a message.