Topic: Question


I have a very simple question. I would like to test a strategy in FSB.
- Enter the market every Sunday around 11pm
- Long position of 1 lot
- TP 50 pips
- SL 200 pips
- If TP not reached, and SL not triggerd than close end of week.

Hopefully somebody can help!

Thanks! M

Re: Question

1. What the trading direction is? Long only?

2. Well, we'll close the long position at the weekend (Friday at midnight) and we'll open another long one on Sunday. It doesn't make sense for me.

Market: EURUSD 1 Hour
Spread in pips: 4
Swap Long in pips: 1
Swap Short in pips: -1
Commission per lot at opening and closing in pips: 0
Slippage in pips: 0

Maximum open lots: 20
Entry lots: 1
Adding lots: 1
Reducing lots: 1

A same direction signal - Does nothing
An opposite direction signal - Does nothing
Permanent Stop Loss - None

[Opening Point of the Position]
Entry Hour
     Enter the market at the specified hour
     Base price  -  Open
     Entry hour  -  11
     Entry minute  -  0

[Opening Logic Condition]
Day of Week
     Enter the market between the specified days
     From (incl.)  -  Sunday
     To (excl.)  -  Monday

[Opening Logic Condition]
Long or Short
     Open long positions only

[Closing Point of the Position]
Stop Limit
     Exit at the Stop Loss or the Take Profit level
     Stop Loss  -  -200
     Take Profit  -  50