Experts: Buy GBPJPY Every Monday. That's the Whole Strategy.
Buy GBPJPY Every Monday. That's the Whole Strategy.:
Author: Tomasz Wojciech Forszpaniak
Bars: 29256...
- Symbol: GBPJPY, attached to an M1 chart...
- Date: From 2022 01 01 to 2026 09 17...
How did you get 29,256 M1 bars while testing 4 years, 9 months, and 17 days?
(20,256 bars ÷ 1440 M1 bars ≈ 20.3 days).
How did you get 29,256 M1 bars while testing 4 years, 9 months, and 17 days?
(20,256 bars ÷ 1440 M1 bars ≈ 20.3 days).
Great question, thank you. The backtest in the post was run on the H1 timeframe, not M1. 29,256 is the number of H1 bars in that period. That's my error in the description.
It doesn't change the results: the EA doesn't use bars at all. It runs on a one-second timer and only checks the server clock, so it enters and exits at the same time on any timeframe. It dosent matter if you apply it to the 1min chart to 1h. I'll correct the description. I'm also rerunning it on M1 and will post the report here so you can compare.
Thank you for your feedback,
Tomasz
Great question, thank you. The backtest in the post was run on the H1 timeframe, not M1. 29,256 is the number of H1 bars in that period. That's my error in the description.
It doesn't change the results: the EA doesn't use bars at all. It runs on a one-second timer and only checks the server clock, so it enters and exits at the same time on any timeframe. It dosent matter if you apply it to the 1min chart to 1h. I'll correct the description. I'm also rerunning it on M1 and will post the report here so you can compare.
Thank you for your feedback,
Tomasz
You're welcome. As I suspected, it was just a mere typographical error.
Prior to the 2008 Recession, the GBPJPY was positively correlated with S&P 500 Index and they were climbing together. Pension funds routinely invested in both every 2 weeks or so. That was even evident in GBPJPY CME Futures volume and O/I. Following the Recession, the GBPJPY didn't recover as quickly as the S&P 500 Index. More recently, the GBPJPY appears to be catching up─which could be the reason that your simple strategy works.
You're welcome. As I suspected, it was just a mere typographical error.
Prior to the 2008 Recession, the GBPJPY was positively correlated with S&P 500 Index and they were climbing together. Pension funds routinely invested in both every 2 weeks or so. That was even evident in GBPJPY CME Futures volume and O/I. Following the Recession, the GBPJPY didn't recover as quickly as the S&P 500 Index. More recently, the GBPJPY appears to be catching up─which could be the reason that your simple strategy works.
Very nice!
I 'm wondering how did you discover this pattern!
Have you tried to sell using the same logic on fridays?
Argeu
Very nice!
I 'm wondering how did you discover this pattern!
Have you tried to sell using the same logic on fridays?
Argeu
I have not tried to test it on fridays but i will try. Now you made me curious if the same logic works on selling on fridays. I am sure to test it out!
Thanks
Buy GBPJPY Every Monday. That's the Whole Strategy.:
A free, fully open EA: buy GBPJPY every Monday at 11:00 server time (04:00 New York), close at 23:00. Stays profitable in backtest with the entry anywhere from 09:00 to 13:00. Attach to GBPJPY M1.
Author: Tomasz Wojciech Forszpaniak