A Simple EURUSD Trading Strategy

On my blog are different trading strategies described; most of them are indicator trading.

In this post

In this post is a simple strategy evaluated. The strategy is in a video I found on YouTube; the video is on http://youtu.be/CDhgjsQEbBM.

Please note that this post is only illustrative and the purpose is to give insight into how to trade.

Strategy

The video illustrates a strategy that starts each trading day at 9:00 o’clock GMT.

The strategy is;

·       Find the trend direction on the EURUSD

·       Place a trade at 9:00 o’clcok GMT;

·       The profit target is 50 pips

·       Stop loss is 40 pips.

Evaluation

9:00 o’clock GMT in my time zone is 7:00 o’clock.

I evaluated the strategy at 7:00 o’clock in my time zone; the four days I evaluated were the price volatility in one direction; the trades would have been profitable if a trade was placed but not 50 pips if the take profit target was 50 pips.