Varprice4 - Price is the real King — Strategy by saucius
By saucius
Performance Metrics
- Author: saucius
- Symbol: MIL:ENI
- Timeframe: 1 day
- Net P&L: +17,166.24 EUR (+139.96%)
- Win Rate: 50.0%
- Profit Factor: 1.38
- Max Drawdown: 6,327.14 EUR (23.93%)
- Total Trades: 130
- Sharpe Ratio: 0.083
Description
When you use any indicators you suffer of lagging and possibile mistakes.In this case, higher movements of the (daily) prices (long green candle) are a signal that market is appreciating your stock. The variation of a single candle is compared to standard deviation of the stock.Besides normal money management (on fixed percentages), we have kept the possibily of exiting the position before stop loss adding a multiplier considering that red (or black) candles are normally wider than green (white) ones.