FX_IDC:GBPUSD   British Pound / U.S. Dollar
I have finally added a trend following strategy to my arsenal. (this is still in forward testing for the next 2 months).

It involves placing 1 trade every monday night and using the breakout of mondays opening range to profit from.
At the end of every evening up until friday i place the stop loss behind resistance. and if it doesnt hit targets by friday night i close the trade.

If the MOR is above the DOR i look to short, If the MOR is below the DOR look to buy. Its as simple as that.

Hopefully this trade takes place so i can describe it better.

In backtesting, i tested 105 trades, from 2013 to 2015. the results were.

This is for GBPUSD only

Net pips - 2546
profit factor - 2
max consecutive losing trades - 5
Average win - 119
average loss - 75

I am half way through finishing EURUSD testing and it is already proving to be very good :)

I dont know how this will translate onto trading view, but hopefully through illustration you will be able to see where i am coming from. If you have any more questions about it feel free to ask.


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