Simple stategy for GBP/JPY on W1 without indicators

This forex strategy is very easy. It’s good for new traders. If you have only 10 minutes per week for trading, this strategy is for you.

Settings

  • Timeframe: weekly
  • Pairs: GBP/JPY, EUR/JPY, CAD/JPY

Rules

Buy

  • Previous candle is black, current candle is white
  • On Monday when market will be opening, we need to open buy order.

Sell

  • Previous candle is white, current candle is black
  • On Monday when market will be opening, we need to open sell order.

Stop & Profit

  • We don’t have stoploss for orders
  • Risk: 5% of deposit for each 100 pips
  • Take profit is 500 pips
  • All orders must be closed at the end of the week

Extra

  • Gaps are OK
  • Do not usу Dorje candle for trading, because it’s a signal for trend reversal

Tests

GBPJPY with fix lot 0.05

GBPJPY with dinamic lot

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