PPO Bull/Bear Divergence to High/Low Strategy by scarf
By scarf
Performance Metrics
- Author: scarf
- Symbol: FX:USDJPY
- Timeframe: 1 hour
- Net P&L: −1.60 JPY (0.00%)
- Win Rate: 44.0%
- Profit Factor: 0.954
- Max Drawdown: 10.53 JPY
- Total Trades: 182
Description
A simple strategy that uses the PPO divergences to open trades and the highs/lows to close them. Credit to Pekipek for this PPO Divergence indicator (I changed the visuals a bit)STRATEGYPurple circle - bullish divergence - enter LONGOrange circle - bearish divergence - enter SHORTGreen dot - high point - exit LONGRed dot - low point - exit SHORTThat's it. Not very profitable, but I like Pekipek's indicator a lot so figured I'd see what a strategy was like. Would love to see any variations.