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.
- Timeframe: weekly
- Pairs: GBP/JPY, EUR/JPY, CAD/JPY
- Previous candle is black, current candle is white
- On Monday when market will be opening, we need to open buy order.
- 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
- Gaps are OK
- Do not usу Dorje candle for trading, because it’s a signal for trend reversal
GBPJPY with fix lot 0.05