Verify a simple logic of buying at the previous day's high and selling at the low
Hello!
This is Satori for FX research.
Today, as a straightforward logic, we verified the case of buying at the high and selling at the low from a high-price signal the other day.
What we used for verification was the “MT4 Buy at previous day high and sell at low auto-trading tool EA USDJPY.”
http://fxmt4indicator.abproducts.biz/wp/?page_id=1799
The reason for testing such a simple and easy-to-understand logic is that I wondered whether its reproducibility would be high.
The logic is to buy when the price exceeds the previous day high and sell when it falls below the previous day low, so little calculation is required, but in reality it wasn’t that simple.
In conclusion, without a filter, it is not profitable.
Without a filter, there is no major loss, but there is no profit either.
One filter is the MACD slope filter.
The other is a range filter.
In breakout scenarios, the range narrows, volume decreases, and volatility reduces before breaking in one direction, so a filter that detects narrowing range was necessary.
As a result, the trading image looks like the figure below.
The balance curve has been almost steadily rising for two and a half years.
TP 50 pips
SL 60 pips
A 25-pip reverse trailing exit is entered at a 30-pip unrealized profit.
It can be considered both as a spot automated trading tool and as a continuously running EA.
“MT4 Buy at previous day high and sell at low auto-trading tool EA USDJPY”
http://fxmt4indicator.abproducts.biz/wp/?page_id=1799
By testing with new indicators and EAs, various data accumulate, and we will incorporate them into future version upgrades of each product and into development of new products.
We have made GIF images from diagrams used on the blog and MT4 test reports freely downloadable as far as possible.
This time’s images are included as well.
Free download of blog images, MT4 reports, etc.
The password is published in four digits in the comment section of the紹介 on the link below under “Technical Trade Blog Ranking.”
Thanks to you, we are currently ranked 16th.
Technical Trade Blog Ranking
This is Satori for FX research.
Today, as a straightforward logic, we verified the case of buying at the high and selling at the low from a high-price signal the other day.
What we used for verification was the “MT4 Buy at previous day high and sell at low auto-trading tool EA USDJPY.”
http://fxmt4indicator.abproducts.biz/wp/?page_id=1799
The reason for testing such a simple and easy-to-understand logic is that I wondered whether its reproducibility would be high.
The logic is to buy when the price exceeds the previous day high and sell when it falls below the previous day low, so little calculation is required, but in reality it wasn’t that simple.
In conclusion, without a filter, it is not profitable.
Without a filter, there is no major loss, but there is no profit either.
One filter is the MACD slope filter.
The other is a range filter.
In breakout scenarios, the range narrows, volume decreases, and volatility reduces before breaking in one direction, so a filter that detects narrowing range was necessary.
As a result, the trading image looks like the figure below.
The balance curve has been almost steadily rising for two and a half years.
Trading lot 0.1
Number of trades 212
Net profit 125,540 yen
Win rate 61.79%
Profit Factor (Total Profit / Total Loss) = 1.34
TP 50 pips
SL 60 pips
A 25-pip reverse trailing exit is entered at a 30-pip unrealized profit.
It can be considered both as a spot automated trading tool and as a continuously running EA.
“MT4 Buy at previous day high and sell at low auto-trading tool EA USDJPY”
http://fxmt4indicator.abproducts.biz/wp/?page_id=1799
By testing with new indicators and EAs, various data accumulate, and we will incorporate them into future version upgrades of each product and into development of new products.
We have made GIF images from diagrams used on the blog and MT4 test reports freely downloadable as far as possible.
This time’s images are included as well.
Free download of blog images, MT4 reports, etc.
The password is published in four digits in the comment section of the紹介 on the link below under “Technical Trade Blog Ranking.”
Thanks to you, we are currently ranked 16th.
Technical Trade Blog Ranking
Thank you very much for reading this far.
With best wishes, please take care!
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Skype: sinsatori
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