Forex Weekly Bias: Bearish Mean Reversion
Do not underestimate a simple system like this. It is a very profitable system by itself and a strong mechanical filter for forex day traders.
Following chart shows the performance of the trading setup in pips. As usual, 1 pip taken per trade (2 pip round turn) to account for slippage.
The model only trades on Monday. You know whether you are going to take the trade by Friday close.
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