TIMEFRAME: 1 hour
INDICATOR: 55 EMA/RSI 6
INDICES: FTSE 100--IG Markets--Binary Hourlies--FTSE 09:00-10:00--Up or Down--Hourly FTSE to rise/fall 9am-10am
AVERAGE TRADES PER WEEK: 2.5
BINARY HOURLY RETURNS (9am-10am): Fixed odds of 0.92-1 win/loss ratio
TRADING RULES:
--The 08:00 opening candle price MUST BE < 25pips from 08:00 55 EMA
--If at 08:56 the price is ABOVE the 55 EMA=BUY Hourly FTSE to rise, 9am-10am
--If at 08:56 the price is BELOW the 55 EMA=BUY Hourly FTSE to fall, 9am-10am
--Use RSI 6 slope direction at 08:56 AS A GUIDE ONLY
RESULTS: (over 120 trades--6 months)
--42 WINNERS
--18 LOSERS
--60 NON-TRADING DAYS
Winning strike rate=70%
Losing strike rate=30%
--Longest winning run=12
--Longest losing run=3
MISCELLANEOUS:
--09:00-10:00 Binary Hourly (IG Markets) CLOSES at 08:58:00
INDICATOR: 55 EMA/RSI 6
INDICES: FTSE 100--IG Markets--Binary Hourlies--FTSE 09:00-10:00--Up or Down--Hourly FTSE to rise/fall 9am-10am
AVERAGE TRADES PER WEEK: 2.5
BINARY HOURLY RETURNS (9am-10am): Fixed odds of 0.92-1 win/loss ratio
TRADING RULES:
--The 08:00 opening candle price MUST BE < 25pips from 08:00 55 EMA
--If at 08:56 the price is ABOVE the 55 EMA=BUY Hourly FTSE to rise, 9am-10am
--If at 08:56 the price is BELOW the 55 EMA=BUY Hourly FTSE to fall, 9am-10am
--Use RSI 6 slope direction at 08:56 AS A GUIDE ONLY
RESULTS: (over 120 trades--6 months)
--42 WINNERS
--18 LOSERS
--60 NON-TRADING DAYS
Winning strike rate=70%
Losing strike rate=30%
--Longest winning run=12
--Longest losing run=3
MISCELLANEOUS:
--09:00-10:00 Binary Hourly (IG Markets) CLOSES at 08:58:00