Hey fellow traders! Today, I want to share an interesting trading strategy called Oblomov, specifically designed for the CHF/USD pair. This system operates on a 1-hour timeframe and has some unique timing rules that can help you make the most out of your trades.
How the Oblomov Strategy Works
The strategy kicks off every Monday at 9:00 AM Belarusian time (10:00 AM Moscow time). At this hour, if the opening price of the hourly candle exceeds the average of the high, low, and closing price from the previous 8:00 AM candle, it’s a signal to buy. If the opening price is lower, then it's a sell signal. Just a heads-up: make sure not to enter the market if the values are equal!
Timing is Everything
You'll only be working in the market for about 10 minutes each week, which is why this strategy is sometimes referred to as the "Monday Strategy." To optimize your results, be ready to adjust your stop loss and take profit levels based on recent performance. During testing, we found that tweaking these values can significantly impact your success.
A Unique Feature
One of the standout features of the Oblomov strategy is its historical performance. Back in 2007, it remarkably avoided consecutive loss trades, allowing traders to double their lot size after losing trades to recover losses more effectively. This adaptability is key to staying in the game!
Final Thoughts
As with any trading system, make sure to do your testing and adjust the lot sizes based on your own deposit. The Oblomov strategy may just be the edge you need in your trading arsenal. Happy trading!
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