Liquidity Breakout Retest Strategy by JaxonJackFX
By JaxonJackFX
Performance Metrics
- Author: JaxonJackFX
- Symbol: OANDA:XAUUSD
- Timeframe: 15 minutes
- Net P&L: −54.51 USD (−0.55%)
- Win Rate: 28.9%
- Profit Factor: 0.625
- Max Drawdown: 55.23 USD (0.55%)
- Total Trades: 847
Description
Liquidity Breakout Retest StrategyThis strategy identifies breakout movements followed by controlled retests of recent price levels. The objective is to capture continuation moves after price removes liquidity from recent highs or lows.The script focuses on a simple and structured approach that combines trend filtering, breakout detection and volatility-based exits.Strategy ConceptThe system uses recent highs and lows as liquidity reference levels.A breakout occurs when price closes beyond a recent level calculated from the lookback period.Instead of entering immediately after the breakout, the strategy waits for a retest of the breakout level. This helps avoid impulsive entries and reduces false breakouts.Trades are only taken when the breakout direction aligns with the prevailing trend.Trend DetectionTrend direction is determined using an exponential moving average.Long trades occur only when price is above the trend averageShort trades occur only when price is below the trend averageThis keeps trades aligned with directional market conditions.Risk ManagementStop loss and take profit levels are calculated using the Average True Range (ATR).This allows the strategy to automatically adapt to changing volatility.Default PropertiesInitial capital: 10,000Position size: 1% of equityCommission: 0.04%Slippage: 2 ticksThese settings were selected to simulate realistic trading conditions.Suggested UsageMarkets:XAUUSDEURUSDGBPUSDTimeframes:5 minutes15 minutes30 minutes