This is just advance notice I’m demo trading an ultra- simple day-trading strategy. I can’t see any reason why it won’t work but I need to gain an experience of how reliable it is, what the pitfalls are, and how deep they are.
Its the simplest strategy. It relies on following the major trends on D1 charts of the major pairs through the London session. An uptrend is defined as when both the 20 and 50EMA’s are sloping upwards on the D1 chart: a downtrend is the reverse.
Buy every uptrending major pair, excluding any involving AUD or NZD, at the London open: exit all at the London close. Sell every downtrending major pair at the London open and exit all these at the London close. No stop-losses, no TP’s.
I’m looking forward to posting how this went next weekend. Cheers all.