Forex End of Day Strategy. Summary - Week # 1 and # 2

Forex Strategy - Test Week # 1 and # 2. After about two weeks from start the "End of the day" strategy test, it's time for the first short summary. We remind you that tests take place on a real account with full transparency and their purpose is to check whether in a given period of time a given strategy was able to generate real profits (or losses 😉).

I honestly have to admit that the beginning was not the easiest one. Several pairs reached interesting levels that I observed, but closing the candles once below, once above certain zones, caused a bit of confusion and the deposit dropped to around 12,75%. Later, the market calmed down and the pairs began to be more readable, thus almost all losses were made up.

"At the end of the day" - selected transactions

The best positions can certainly include two shorts on AUD / USD and AUD / JPY. I watched the first pair for a long time and waited for the price to reach around 0.68910-0.68950. There was a bit of confusion, but I managed to get into the 0.68910 level short. The couple moved down nicely. I secured the position by giving the price some more "space" for correction, but it turned out to be larger than I thought and the position was closed around 0.68093.

Short position. AUD / USD chart, D1 interval. Source: MT4 XM

As for AUD / JPY, here the situation was analogous. I was waiting for the price to reach around 74.688. I opened the short, secured the position in profit, but a large upward correction resulted in closing the transaction at the 73.965 level.

Short position. AUD / JPY chart, D1 interval. Source: MT4 XM

When it comes to loss positions, I do not distinguish between this for better and for worse. Loss is a loss, after so many years on the market I have learned to accept them. All positions were opened in accordance with the system assumptions. I did not open any transaction in order to proverbially "forge". The only drawback is the fact that EUR / AUD failed to enter the longs. I set up a pending order, but I literally lacked a pip to open the transaction. It was, maybe it was possible to repeat the correction order☺.

Looking at Equity, the current account balance is approx. -1.82%. 

Summary of items after 2 weeks (click to enlarge).

We currently have two positions open. They are short on USD / CHF i USD / JPY. We'll see what the next weeks will bring. You can follow the results in real time on my profile on MyFxBook HERE.