55 EMA TREND FTSE SYSTEM (Binary Hourly 9am-10am)

ashane

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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
:love:
 
P.S. This systems winning strike rate can be IMPROVED TO 80%+ if we change the first trading rule to:

--The 08:00 opening candle price MUST BE < 15pips from 08:00 55 EMA

(obviously the number of valid trades will decrease!)
 
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