Topic: Asian pattern,European trade 'currency trader Aug 2010 Vol.'
Dear All
i came across this strategy , is that strategy applicable for test with FSB !! all ideas are welcome
Buy
1. The Asian session’s net movement (open – close) is negative;
2. The close of today’s Asian session is below the close of yesterday’s Asian session;
3. The Asian session’s net movement is between 20 and 30 percent of the 14-day ATR.
Sell
1. The Asian session’s net movement is positive;
2. The close of today’s Asian session is above the close of yesterday’s Asian session;
3. The Asian session’s net movement is between 20 and 30 percent of the 14-day ATR.
The strategy uses a profit target of 1.5 times the 14-day ATR; the stop-loss is half the 14-day ATR.