Strategy for trading on the AUD / JPY on Wednesday

Strategy for trading on the AUD / JPY on Wednesday - exploits the tendency of a currency pair AUD / JPY (Australian Dollar against the Japanese yen) are statistically more likely to fall during the penultimate hour before the accrual swap on Wednesdays. This day of the week, especially because on Wednesdays swap is three times higher than on ordinary days (there is also a charge for two days off). It is unknown why the AUD / JPY, couple with the traditionally positive swap, sold for 1-2 hours prior to the accrual swap. Perhaps traders (or more precisely hedge funds) with large long positions prefer partially closed at this time, so not much to rock the market. This strategy was embodied in a fully automated expert advisor platforms MT4/MT5.

Features

• Based on fundamentals.
• A very simple strategy.
• Statistically perfect.
• Only one transaction per week.
• Abrupt changes in interest rates may affect the strategy.
  
  

Preparations for the trade

1. Trade only on Wednesdays.
2. Use the hourly chart of AUD / JPY.
   

Conditions of entry

1. At 23:00 Moscow (GMT +3 GMT +4 or during daylight saving time), open short position.
2. Do not place stop-loss or take profit.
   

Conditions of Release

1. When will the new bar (0:00 already Thursday in Moscow) close the position.

21/10/2009 Wednesday

14/10/2009 Wednesday

  

28/10/2009 Wednesday

Examples of graphs show the last four environments (14th, 21th, 28th October and 4th November 2009) H1 bars, which were formed at 23:00 Moscow, marked with a red ellipse. I checked out every Wednesday from 7 January to 4 th November 2009 and the total aggregate income of bovine products in this hour of 400 pips (for 44 weeks). That's about 9.1 pips per trade, which is higher than the average spread on the AUD / JPY (5 pips). Of course, on certain media strategy makes a loss, but, in general, and long-term use, it is - is profitable.

Attention!

Use this strategy at your own risk. EarnForex.com not responsible for any damages that may result to you when using any strategy presented on the site. It is not recommended to use this strategy on a real account without testing it to start a demo account.