Hallo,
can somebody explain in a few words this kind of trading system:
Buy a breakout to a new 4 week
Hold the Position
Wait for breakout to a new 4 week low then liquidate the long and go short
Hold the Position
Keep reversing as new 4 week highs and lows are hit and always maintain an open position in the market
Thanks in advance!!!
I’ll translate what I think this is saying…
Go long when the price breaks above the previous 4 week high.
Hold the position for 4 weeks, then close the position when it hits the low for those 4 weeks.
Now go short and hold the position for 4 weeks, then close the position when it hits the high for those 4 weeks.
Repeat this over and over until you are filthy rich or flat broke.
My bet is on flat broke…
4weeks? where did the stop?? i assume 4 weeks high/low = 1 bar for 1 month…
if we trade monthly bar i confused how to put the stop loss for that?
hehe hello there phil 
I have no clue… I don’t have the patience for trades that last months anyway.
It would take you a couple years just to demo this before you could go live with it!!