DAX Shooter 5M Strategy by th3web
By th3web
Performance Metrics
- Author: th3web
- Symbol: EUREX:FDAX1!
- Timeframe: 5 minutes
- Net P&L: +27,409.60 EUR (+27.25%)
- Win Rate: 71.7%
- Profit Factor: 1.659
- Max Drawdown: 8,617.35 EUR (7.01%)
- Total Trades: 46
- Sharpe Ratio: 0.15
Description
This is a simple strategy that applies very well for scaling indices to 5 minutes especially for the DAX. The algorithm provides for buying or selling when the market is very "pulled". The rules are as follows:you buy when:1- The ADX indicator with the standard settings is greater than 32.2- the RSI indicator set to 7 periods is crossing upwards the oversold line at 303- the candle minimum is lower than the lower band of bollinger bands set to 50 periods.is sold when:1- ADX indicator with standard settings is greater than 32.2 - the RSI indicator set to 7 periods is crossing downwards the overbought line at 703- the maximum of the candle is higher than the upper band of the bollinger bands set to 50 periods.Money management is at the discretion of the trader but usually it is better to set a fixed stop loss and a take profit on reaching the opposite bollinger band.Enjoy trading at all!