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A Simple GBPUSD Strategy

charlies's picture
Sell the close at midnight. Set stops & take profit orders 30, 40 or 50 points away. Couldn't be simpler. Now I wouldn’t suggest that you apply this strategy blindly, but is has worked quite well over the last couple of weeks (see graph). It beats Chelsea with 10 wins in a row if you use 50 point stops. :dance: Interesting that over the last two weeks, most of the peaks have occurred around midnight. I noticed this by chance, looking to take short positions & then noting that they all set up late in the evening. However, I suspect the strategy wouldn't do quite so well over the longer term. In fact, it will probably fail the moment that I have written it down.....