Bearish Wick Reversal — Strategy by Botnet101
By Botnet101
Performance Metrics
- Author: Botnet101
- Symbol: NYSE:V
- Timeframe: 1 day
- Net P&L: +32,369,850.10 USD (+3,236.99%)
- Win Rate: 71.4%
- Profit Factor: 1.897
- Max Drawdown: 5,573,770.03 USD (36.03%)
- Total Trades: 615
- Sharpe Ratio: 0.3
Description
█ STRATEGY OVERVIEW The "Bearish Wick Reversal Strategy" identifies potential bullish reversals following significant bearish price rejection (long lower wicks). This counter-trend approach enters long positions when bearish candles show exaggerated downside wicks relative to closing prices, then exits on bullish confirmation signals. Includes optional EMA trend filtering for improved reliability.█ What is a Bearish Wick?A price rejection pattern where: Bearish candle (close _highest[1]`). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ PERFORMANCE OVERVIEW Ideal Market: Volatile instruments with frequent price rejections Key Risk: False signals in sustained bearish trends Optimization Tip: Test various thresholds Filter Impact: EMA reduces trades but improves win rate and reduces drawdown