JI FVG Short Strategy (ES 5m) by Resa34136
By Resa34136
Performance Metrics
- Author: Resa34136
- Symbol: CME_MINI:ES1!
- Timeframe: 5 minutes
- Net P&L: +9,082.00 USD (+9.08%)
- Win Rate: 56.7%
- Profit Factor: 1.058
- Max Drawdown: 35,766.00 USD (26.06%)
- Total Trades: 238
Description
here is the strategy for short only : The market is ES the timeframe is the five minute chart. The entry condition is a bullish fair value gap must be formed and the third candle that complete the fair value gap must be red. Enter short only - no code is required The target is equal to the ATR Rounded down to the nearest .5 EG. ATR of 3.4 will Round down to 3 The stop loss is 1.5 times the target For example, if the target is 2 the stop loss is 3 If the target is 4 the stop loss is 6 If ATR is lower than 2 no trade is allowed to be taken.