2 trades triggered on the swing trend following strategy last week.
Resulted in a small loss on gbpusd & a 0.8 reward on eurusd.
This weeks swing hold is as follows.
This trade is held like so until friday night. When/If the trade triggers, then every evening i will check to see if stops need trailed.
Finished the backtested results for the trend following strat on EURUSD.
The results were as follows.
From 2013 to 2015
Net pips : 1475
Max consecutive losses : 3
Avg win: 119 pips
Avg loss: 64 pips
Win rate is around 43%
Again, exact same method as described in GBPUSD :)
The targets are always a 3 to 1, regardless of structure in the market. I use the...
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...