Well the summer doldrums are nearing an end.  Hopefully the forex coach will see the return of a trending forex market.

I just back tested the GBP/USD for pass through trades for the last 14 days and it paid out on 10 and last on 4.  That is a pretty good ratio to trade on…. slightly over 70%

The trading criteria are

  1. Enter trade after 10PM PST——— or after 5 AM
  2. Profit and loss set for 25 pips
  3. Enter short at 30 pips (above 100)
  4. Enter long at 70 pips
  5. Take the first trade of the night
  6. Reversing entry near trade time needs to pass back 15 pips past entry at least before reversing again.
  7. Trending entry near trade time can be right on entry price.

You can play with the settings and trading days and perhaps improve your odds.  My testing showed almost as good at 5 AM PST.

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