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Hi all
I want to try backtesting a simple system but am not sure how to do it. Is there anyone that can help please?
-- 1. On Monday morning @ 01:00 EST (00:00 Central Standard Time) note opening price.
2. Simultaneously place buy stop 50 points (pips) above Monday's open and a sell stop 50 points (pips) below the open, OCO. (One-Cancels-the Other)
3. When one order is filled, place a 60 point (pips) stoploss on the trade.
4. If not get stopped out of the trade you get entered into, exit five days later at the market on Friday at 04:00 PM EST (03:00 PM Central Standard Time). -- thanks for reading this
AH
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