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Forex Forum → Forex Strategies → Setting up my strategy

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Posts: 1

Topic: Setting up my strategy

Hi,

The program looks good but I am having trouble setting it up to back test my strategy.

The strategy is:

1) take the total range from the previous Monday to Friday week and calculate 30% of the range. The range being the week high minus the week low

2) on the Monday morning open,
- buy on a stop at the opening price plus the 30% calculated above
or
- sell on a stop at the opening price minus the 30% calculated above

3)
if we buy then set a stop at the opening price minus 10% of last weeks range
or
if we sell then set a stop at the opening price plus 10% of last weeks range

4) Any profit exit on the next monday open price


I also plan on putting trailing stops on the orders but i have already seen how to do that.

Thank you very much for your help.

MJ

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