Every morning at 6 or 7 o'clock, on the daily chart, place a Limit order

Hello!

This is Satori with the FX research.


I think many of you are busy at year-end.


For those who are busy, how about considering daily Limit orders at 6 or 7 a.m. every morning?


For example, when the price is updating to a new high, place a buy Limit order from the high price down to the 0.236 pullback as shown in the figure below.



The figure above shows EURUSD on the daily chart; by placing a buy Limit order at the 0.236 pullback of the upward move, there were 5 consecutive wins.


Also, when the price is updating to a new low, place a sell Limit order from the low price up to the 0.382 retracement as shown in the figure below.

The figure above shows USDJPY on the daily chart; by placing a sell Limit order at the 0.382 retracement of the downward move, there were 3 consecutive wins.


※ The indicator used isFibonacci Retracement Indicator Push Up.



The figure below shows the balance curve when USDJPY, EURUSD, and GBPUSD are operated simultaneously on the daily charts for 13 years from 2005 to 2017.



In the above chart, the central area around 2011 is a period with small price movements of about 1 dollar 70 to 80 yen per dollar, so it is not very indicative, but it still remained largely horizontal and then proceeded to rise afterward.

Because the setting is small profit and large loss, the win rate is high.


These tests were conducted usingFibonacci Retracement Auto-Trading Strategy EA.



Fibonacci Retracement Auto-Trading Strategy EAsupports auto-ordering of Limit orders from 1-minute to daily charts for pullbacks and retracements.