Guijarros — Strategy by krocarlo
By krocarlo
Performance Metrics
- Author: krocarlo
- Symbol: CMCMARKETS:USDJPY
- Timeframe: 1 minute
- Net P&L: +114.03 JPY (+0.01%)
- Win Rate: 30.8%
- Profit Factor: 1.495
- Max Drawdown: 131.25 JPY (0.01%)
- Total Trades: 13
Description
Pebbles — Sweep + FVG/IFVG with Trend FilterPebbles is a pure Forex price indicator designed to detect high-probability reversals by combining three concepts: liquidity sweeps, Fair Value Gaps (FVG), and Inverse Fair Value Gaps (IFVG), filtered by the trend of the larger timeframe.How does it work?The indicator follows a strict three-step sequence:FVG (purple) — A price imbalance (a gap of 3 candles) is identified on the 1-minute timeframe, aligned with the larger trend. A bearish FVG is sought in an uptrend, and a bullish one in a downtrend.Sweep — The price sweeps through a low or high of the last 20 candles, drawing liquidity, and closes in the opposite direction. This event validates the previous FVG.IFVG (green) → Entry — When a candle closes within the activated IFVG in the direction of the trend, the gap becomes an IFVG, signaling a change in perspective and triggering an entry at the close of that candle.Risk ManagementThe Stop Loss is placed at the sweep wick with a small, configurable buffer. The Take Profit uses a fixed R:R ratio of 1:3 by default, adjustable via the inputs. Trend Filter (1H and 4H)The trend is determined by comparing recent highs and lows against previous highs and lows on the 1H and 4H timeframes. Higher Highs + Higher Lows = bullish. Lower Highs + Lower Lows = bearish. Only long positions are entered in an uptrend, and short positions in a downtrend.SessionsBy default, the indicator operates on the New York (UTC 13:00–22:00) and Tokyo (UTC 23:08) sessions. Configurable via the inputs.Main ParametersHTF Bar Structure: Trend context on 1H/4HLookback Sweep: Search range for the sweep high/lowFVG→Sweep Window: Maximum number of candles between the FVG and the sweepR:R Ratio and SL Buffer: Risk managementNY/Tokyo Session: Time filterNotesThis indicator includes a backtesting engine. It is recommended to use it on a 1-minute chart with major currency pairs. Past performance is not indicative of future results.