Momentum Upon Clearing Candle Wick — Strategy by Toddwaters72
By Toddwaters72
Performance Metrics
- Author: Toddwaters72
- Symbol: COMEX:GC1!
- Timeframe: 15 minutes
- Net P&L: +22,100.00 USD (+2.21%)
- Win Rate: 24.8%
- Profit Factor: 2.973
- Max Drawdown: 750.00 USD (0.07%)
- Total Trades: 298
Description
A Continuation Strategy. Select for candle size by percentage of price movement. Following candles will take a position when price clears the wick of the large candle. Select the number of candles a potential trade is valid. Robust selection of take profit and stop loss conditions. Select window in which trades are valid. You can leave it open to any candle or you could narrow it to news candles or another specific time of day. Can be customized into a scalping strategy or as an attempt to capture larger portions of a move. Remember, smaller timeframes generate smaller candles and larger timeframes will generate more trades. Adjusting candle sizes and timeframes will require very different profit and loss settings to maximize the strategies potential.No signals or information generated from this strategy is investment or trade advice. For entertainment purposes only. Code created with Gemini.