REVERSALS — Strategy by HermanBrummer
By HermanBrummer
Performance Metrics
- Author: HermanBrummer
- Symbol: NASDAQ:QQQ
- Timeframe: 1 day
- Net P&L: +177.94 USD (+0.18%)
- Win Rate: 70.3%
- Profit Factor: 1.611
- Max Drawdown: 30.09 USD (0.03%)
- Total Trades: 286
- Sharpe Ratio: −43.232
Description
The systems basically play reversals, it enters when the close is lower than its low of 5 bars ago to enter It exits when the price is higher than the high of 5 days ago Uses a 200 MA as a market filter, does not trade when the price is below its 200 Moving average Uses a 5% stop, as per the red Stop Loss Line -- can be adjustedThe amount of bars it uses to look for reversals is set to 5 by default, but can be adjusted in settings.Best to use on directional instruments where you know that the long term direction is up, for example:TQQQ, SSO, SPX, SPY, or sector tickers -- but it would be best to include some more advanced filtering for sectors