Swing/Daytrading strategy with reversal option by SoftKill21
By SoftKill21
Performance Metrics
- Author: SoftKill21
- Symbol: FX:GBPCAD
- Timeframe: 1 hour
- Net P&L: +78,190.52 CAD (+78.35%)
- Win Rate: 67.2%
- Profit Factor: 1.381
- Max Drawdown: 10,036.99 CAD (7.57%)
- Total Trades: 991
- Sharpe Ratio: 0.424
Description
Hello, today I bring a swing reversal strategy that work on all financial markets.It uses timeframes starting from 1h, the bigger the better.Its very dangerous because it has no stop loss, neither a take profit. Our exit condition is based on the reversal on the entry .For entry we have 2 types : normal and reversalLets say we want to go long , for that we check the last CLOSE of a candle with the previos HIGH. If its higher than that, and at the same time CLOSE is bigger than the moving average, we have a long entry.For short we have CLOSE with the previous LOW. If its lower than that and at the same time is lower than moving average, we have a short entry.For moving average we use T3 MAFor reversal what I do, is , I take the short condition and I apply it to long, and for long I apply the short condition.On many cases I found out it work amazingly. I forgot to add: it also has a time entry system, so we use the best hours/sessions for entries .Exit a trade: lets say we enter short, when we find a long condition, we close short and enter into long. Viceversa for long.If you have any questions, let me know.Enjoy it :)