This post is a follow up to my previous look at Outside Bars on the EURUSD weekly chart. Find out what my backtesting uncovered and if this is a profitable trading strategy or not.
This is an introduction to a new series that I am starting on Historical Analysis. In each study, I will provide the chart pattern or trading setup and show you every single time this setup happened in the past. But before we begin, there are a few things that we have to get straight.
Trading systems do not have to be complex to work well. Even a very simple Forex trading system can be profitable. But how do you know? This post will show you how to take an idea and backtest it.