Tick Marubozu Strategy by CKC1030
By CKC1030
Performance Metrics
- Author: CKC1030
- Symbol: FX:EURUSD
- Timeframe: 1 minute
- Net P&L: −0.01 USD (0.00%)
- Win Rate: 37.2%
- Profit Factor: 0.963
- Max Drawdown: 0.04 USD (0.00%)
- Total Trades: 2,564
- Sharpe Ratio: −11,143.918
Description
Strategy Concept:This strategy identifies Marubozu candles on a tick chart (customizable pip size) with high volume to signal strong market momentum.Bearish Marubozu → Strong selling pressure → Enter a SELL tradeBullish Marubozu → Strong buying pressure → Enter a BUY tradeEntry Conditions:Marubozu Definition:Open price ≈ High for a bearish Marubozu (minimal wick at the top).Open price ≈ Low for a bullish Marubozu (minimal wick at the bottom).Customizable body size (in pips).High Volume Confirmation:The volume of the Marubozu candle must be above the moving average of volume (e.g., 20-period SMA).Trade Direction:Bearish Marubozu with High Volume → SELLBullish Marubozu with High Volume → BUYExit Conditions:Time-Based Expiry: Since it's for binary options, the trade duration is pre-defined (e.g., 1-minute expiry).Reversal Candle: If a strong opposite Marubozu appears, it may indicate a trend shift.