EURUSD Daily Trend Signals with Candlestick and Calendar Filters

Summary

This document describes a daily EURUSD strategy that combines a simple moving average with the direction of the day’s candle. It generates a long signal when the close is above the moving average and the candle is up, and a short signal when the close is below the average and the candle is down. Separate day-of-week and month exclusions filter when new trades may be opened. The example uses a seven-day moving average and trades one unit per point without accumulating positions.

The page states that an attached result uses a two-pip spread and says the strategy can be backtested without tick-by-tick mode because it avoids a zero-bar issue. It supplies no performance figures, test dates, benchmark, risk controls, or robustness analysis, so profitability cannot be inferred. The rules are a simple trend-following example; the calendar exclusions may be arbitrary and would need careful out-of-sample evaluation before practical use.

Key ideas

• The strategy compares the daily close with a simple moving average to establish directional bias.
• A matching candle direction is required for either a long or short entry.
• Separate weekday and month filters can block new long and short trades.
• The example specifies a seven-day average and reports a two-pip spread in its attached result.
• The document gives no detailed performance statistics or evidence of robustness.

Tags

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