Forex strategies » Weekly trading
Strategy Overview
Forex Strategy Builder v2.6.1.0
Strategy name: Weekly trading
Date: 09.5.2008 г. 14:13:52
Description
This strategy demonstrates the possibility of trading only during certain periods of the week. In this particular case, we enter the market at the top or bottom price of the previous week but we do so only on Tuesday, Wednesday or Thursday. We close position at the end of the week, at the last bar closing price for the week.
Since we have the previous week's top and bottom prices, we can place our entry orders on Tuesday morning and they will be active until Thursday midnight. We will use OCO (One Cancels the Other) entry orders. This is so because we use the Enter Once condition for the week, and therefore, we will not open a second position if at some point during the week we have reached the other price.
If you want to further improve the strategy you can use the Generator to add more filters. To do so open the Generator and lock the existing slots by clicking on them. Then click "Generate" button and wait for FSB to add filters.
Logic
Opening (Entry Signal)
Open a new long position at the top price of the previous week when all the following logic conditions are satisfied:
- this is the first entry during the week; and
- the day of week is from Tuesday (incl.) to Friday (excl.).
Open a new short position at the bottom price of the previous week when all the following logic conditions are satisfied:
- this is the first entry during the week; and
- the day of week is from Tuesday (incl.) to Friday (excl.).
Closing (Exit Signal)
Close an existing long position at the end of the week.
Close an existing short position at the end of the week.
Additional entry** signals handling
Entry signal in the direction of the present position:
- An averaging is not allowed. Cancel any additional order, which is in the same direction.
Entry signal in the opposite direction:
- A present position modification is not allowed. Cancel any additional order, which is in the opposite direction.
Trading Sizes
Trade always a constant number of lots.
- Opening of a new position - 1 lot.
Protection
The strategy does not provide a permanent loss limitation.
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* Use the indicator value from the previous bar for all indicators marked with asterisk!
** The averaging rules concern the entry signals only. Exit signals close a position. They are not allowed to open, add or reduce one.
Environment
| Market | ||
| Symbol: | EURUSD | |
| Time frame: | 1 Day | |
| Spread: | 4 pips | (4,00 USD) |
| Swap Long: | 1 pip | (1,00 USD) |
| Swap Short: | -1 pip | (-1,00 USD) |
| Slippage: | 0 pips | (0,00 USD) |
| Lot size: | 10000,00 EUR | |
| Leverage: | 1/100 | |
Account | ||
| Initial account: | 10000,00 USD | |
| Required margin: | 100,00 USD for each open lot | |
Strategy Properties
| Additional entry signals handling | |
| A same direction signal | Does nothing |
| An opposite direction signal | Does nothing |
Trading size | |
| Maximum open lots | 20 |
| Entry lots | 1 |
| Adding lots | 1 |
| Reducing lots | 1 |
Permanent loss protection | |
| Permanent Stop Loss | None |
Indicator Slots
The slots show logic for the long positions only. Forex Strategy Builder computes proper logic for the short positions automatically.
| Base price | - High & Low |
| Base period | - Previous week |
| Price shift | - 0 |
| From (incl.) | - Tuesday |
| To (excl.) | - Friday |
| Base price | - Close |
Statistic Information
| Market | Account | ||
|---|---|---|---|
| Symbol | EURUSD | Intrabar scanning | Not accomplished |
| Period | 1 Day | Interpolation method | Pessimistic scenario |
| Number of bars | 4877 | Ambiguous bars | 2 |
| Date of updating | 18.04.08 | Tested bars | 4876 |
| Time of updating | 00:00 | Initial account | 10000,00 USD |
| Date of beginning | 27.06.89 | Account balance | 13305,00 USD |
| Time of beginning | 00:00 | Minimum account | 8379,00 USD |
| Data refining | Switched off | Maximum account | 13641,00 USD |
| Minimum price | 0,8229 | Maximum drawdown | 2346,00 USD |
| Maximum price | 1,5981 | Gross profit | 35841,00 USD |
| Average Gap | 5 pips | Gross loss | 32536,00 USD |
| Maximum Gap | 477 pips | Sent orders | 6540 |
| Average High-Low | 108 pips | Executed orders | 1357 |
| Maximum High-Low | 607 pips | Dealt lots | 1357 |
| Average Close-Open | 56 pips | Winning trades | 357 |
| Maximum Close-Open | 441 pips | Losing trades | 317 |
| Maximum days off | 5 | Win/loss ratio | 1,126183 |
| Maximum data bars | 20000 | Time in position | 48 % |
| No data older than | No limits | Charged spread | 2716,00 USD |
| No data newer than | No limits | Charged rollover | 1678,00 USD |
| Charged slippage | 0,00 USD | ||
| Total charges | 4394,00 USD | ||
| Balance without charges | 17699,00 USD | ||
| Account exchange rate | 1,0000 | ||
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