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Having tried different methods of trading in the past 5 years, created this hilo trading strategy to suit part time trading.
The strategy is to BUY LOW and SELL HIGH. Obviously, every candle in every time frame has a high and a low!
Opened a demo account of $300 on 14th Nov 2012.
This box represents the order opening and closing time and price points.
Since the prices were at a low in November 2012, entered a BUY.
While this order was open, entered another BUY order on 7th December 2012 as it was another LOW.
Entered another order on 3rd January expecting it to be the LOW point for the month, but a new LOW was formed and this order took more than a week to turn positive.
Entered two more BUY orders as it was a LOW for the week.
As prices touched 261.8 level, expected the prices to retrace. When reversal signals started happening around the 4th and 6th Feb 2013 closed all the BUY orders.
As you can see, most of the orders were entered at a low, except for the 3rd January order, where it took more than a week to turn positive.
Entered a SELL order on 6th Feb immediately after closing the BUY order.
- After the closed the orders the account value is at 21 times the $300 deposit in 3 months.