End-of-Day Limit-Entry Strategy for Yen Currency Pairs on 15-Minute Bars

Summary

The document presents a simple end-of-day strategy for yen currency pairs using 15-minute bars. At a configured evening time, it measures the recent high-low range over a lookback period and records the current close as a reference price. During a specified evening window, it places a buy limit below that reference and a sell-short limit above it, with the distance set as a fraction of the measured range. It avoids opening these orders on Fridays, disables order accumulation, and uses percentage stop-loss and profit-target settings. Long and short positions have separate scheduled exit times.

The author provides example parameter sets for AUD/JPY, EUR/JPY, GBP/JPY, and USD/JPY, and describes USD/JPY as the preferred pair. The document offers no backtest results, trade statistics, market rationale, or detailed handling of timezone and broker execution conventions. The supplied settings are therefore examples rather than evidence of profitability; the strategy's performance, costs, and sensitivity to parameter changes remain unestablished.

Key ideas

• The strategy uses recent high-low range to set evening limit-entry distances around a reference close.
• It places buy and sell-short limits during a specified evening window and skips Fridays.
• It applies percentage-based stop-loss and profit-target rules, with separate scheduled exits for long and short positions.
• The author lists distinct parameter examples for four yen currency pairs.
• No performance evidence or detailed execution assumptions are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.