Basic Hammer Strategy by Rocksk8andpaint
By Rocksk8andpaint
Performance Metrics
- Author: Rocksk8andpaint
- Symbol: NYSE:UAA
- Timeframe: 1 day
- Net P&L: +6,855.56 USD (+667.25%)
- Win Rate: 75.0%
- Profit Factor: 2.359
- Max Drawdown: 3,277.50 USD (30.01%)
- Total Trades: 8
- Sharpe Ratio: 0.107
Description
This is a basic strategy that will buy after a hammer is printed, and sell when a predetermined risk or reward price is hit. You can change the risk and reward values in the settings. Risk and reward values are in increments of $0.01. Default values are 75 ($0.75) and 200 ($2.00). If the strategy is producing losses, try adding a zero to the end of the risk value and the reward value. Example: Higher valued stocks may do better with a Risk of 750 ($7.50) and a Reward of 2000 ($20.00). Maybe even a Risk of 750 ($7.50) and reward of 1000 ($10.00). Play around with these values to get the best result for different charts. Initial investment is set to $1000