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FTSE 100 trading system - only 10 days data but 100% hit rate so far - need more data
The system is a simple opening range breakout system that I've been back testing.
However my spread betting company only give 10 days of past data on the 30 minute time frame. So wondering if anyone with more data can help me test it.
Currently for the past 10 days it has captured 153 pips, so 15 points odd a day on average.
The bar used for this system is the 8:00 - 08:30 bar.
You go short on the break of the 30 minute bar, stop placed 2 points above the high of the 30 minute bar. The profit target is the high minus the low of the 30 minute opening ftse bar.
Try one of the MT4 broker demo accts (FXCM for eg). A few yrs worth of history on 30m TF.
Thanks counter_violent, I will download a demo.
Another wining trade on this system today, so 11 in a row now.
Opening range was 19 points.
High -6388
Low - 6369
Buy @ 6388. Target of 6407
Another winner today...12 in a row now. Have used metatrader to back test manually and the win rate since January is pretty impressive.
Seems to work well on a range of between 10 and 20 points.
Opening range was 17 points.
High -6437
Low - 6420
Buy @ 6437. Target of 6454 hit.
