Weekly CHF/USD Strategy Using the Prior Hour's Typical Price

Summary

This strategy trades CHF/USD once a week, on Monday, using the opening price of the 9:00 Belarus-time hourly candle and the previous hour's typical price, calculated from its high, low, and close. It buys when the new candle opens above that reference and sells when it opens below; equal values produce no trade. The stated active decision window is brief, and stop-loss and take-profit settings are part of the approach.

The description says the setup worked in 2007 and notes that consecutive losing trades did not occur in that period, suggesting that increasing lot size after losses could have reduced losses. These are historical claims without supporting data, sample details, or evidence of performance outside that year. The rule is specific to one currency pair, a particular weekly timing, and chosen risk settings, so the account does not establish that it remains profitable or that increasing size after losses is safe.

Key ideas

• The entry signal compares a Monday hourly opening price with the prior hour's typical price.
• The strategy takes a long or short position depending on whether the opening price is above or below the reference.
• Equal prices result in no entry, and stop-loss and take-profit settings are required.
• The document reports favorable behavior in 2007 but provides no supporting test data or evidence for other periods.
• Increasing lot size after losses is mentioned, but the historical observation does not establish that this sizing rule is safe.

Tags

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