The Way of Investment (Part 76)
The Way of Investment (Part76)
Summer Vacation Special Edition (Continuation)
The Way of Investment (Part67,69,71,73,75) This is a continuation of the "Summer Vacation Special Edition."
The subtitle is,almost certainly "the Holy Grail"Have you found it?
1.
"Eight Consecutive Downward Candles" Backtesting
In The Way of Investment (Part71), I tried a prototype of the "Eight Consecutive Downward Candles Indicator." (It was scheduled to be released as a free indicator later, but it has already been released. Since it is free, please download and utilize it.)
https://www.gogojungle.co.jp/tools/indicators/45961
Using this indicator, I performed backtesting. The currency pairs tested wereUSDJPY,EURJPY,GBPJPY,AUDJPY,GBPUSD,GBPAUD. Since an "eight consecutive downward candles" occurs only about once a year, I only backtested the most recent eight consecutive downward candles for each currency pair. All tests were on daily charts.
2.
USDJPY
USDJPY is2010 year2 month28 day consecutive downward candles appeared. After the appearance of eight consecutive downward candles, we enter in the opposite direction on the next day's open. If held until the moving average crosses with the candlesticks, the profit becomes. If you hold until the upward trend line is broken, this profit doubles roughly to about times.
