Impulse BF 🚀 — Strategy by bennef
By bennef
Performance Metrics
- Author: bennef
- Symbol: QUANDL:BNC1/BLX
- Timeframe: 1 day
- Net P&L: +1,181,687.12 NONE (+10,235.27%)
- Win Rate: 40.4%
- Profit Factor: 2.551
- Max Drawdown: 270,673.51 NONE (48.69%)
- Total Trades: 146
- Sharpe Ratio: 0.378
Description
Thanks to rasantos for the idea for this strategy.The 2 lines are based on the sum number of impulses for x bars back. So total "up impulses" is the sum of the bars where price closed higher, and vice versa for "down impulses". The strategy is simple - a long signal is generated when the total up impulses exceeds the total down impulses. A short signal is generated when total down impulses exceeds total up impulses.I included a rate of change function to filter out some of the sideways action, denoted by a white background.I included the option of a stop loss since it may be useful for some settings but the default is 100% which will not be triggered. If we get stopped out and we still have the conditions for our position on candle close, we re-enter.INSTRUCTIONSBright Green = go longBright Red = go shortGreen = we have conditions for a longRed = we have conditions for a shortWhite = no tradeNB: the length parameters are set to 18 by default. The higher this number, the more long term this strategy becomes. So for a macro trader, a setting of 84 would provide a small number of trades per year.