Forex Strategy: "At the End of the Day". We start the system test with real capital
Trading on forex market is extremely demanding. It's constant learning, working on yourself, fighting your weaknesses. Looking at the statistics, unfortunately at least over the longer term, more people bear a loss than they earn. There are also many techniques and methods that tell you how to navigate the market to overcome the balance in your favor.
Most people treat trading as an extra activity, which means they can't spend a few hours a day analyzing charts. Therefore, a very interesting option may be to use "At the end of the day" strategy. It is based solely on day candles, which significantly reduces the time needed to analyze individual instruments. Investing based on a higher TF can also be avoided "Noise" which often occurs at lower time intervals. Based on the strategy presented we analyze the market in the evening, and make specific investment decisions based on the D1 candle.
Be sure to read: End of the Day Forex Strategy - Description of the methodology
Our Forex strategy and test assumptions
The basic assumptions of the test are as follows:
- we will check if the forex strategy "At the end of the day" can be an interesting alternative to scalping or day-trading;
- we analyze the market every evening;
- the main time interval on which we base is the daily interval;
- the key and the most important signal on the basis of which the positions will be opened will be the closing / end of the day on the D1 candle - 22: 00/23: 00 Polish time;
- analyzing specific markets, let's focus on identifying interesting zones and combining this with the analysis of individual candles;
- positions will always be opened according to the current trend.
Account type: real
Broker: XM, MetaTrader 4 platform
Start-up capital: PLN 4000
instruments: currency pairs, gold, Petroleum, DAX, S & P500.
Stop loss: up to approx. 4 / 5% of capital on a single transaction. We do not use so-called "Rigid stop loss".
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