VWAP Mean Reversion Strategy by sumbloke077
By sumbloke077
Performance Metrics
- Author: sumbloke077
- Symbol: FPMARKETS:XAUUSD
- Timeframe: 5 minutes
- Net P&L: +15,877.92 USD (+15.88%)
- Win Rate: 35.7%
- Profit Factor: 1.968
- Max Drawdown: 4,444.41 USD (4.40%)
- Total Trades: 42
Description
This is a work in progress that I haven't finished yet. Strategy is based on price being overextended from the VWAP with a doji or hammer candle. Trigger candle is an engulfing or HH,HL,HO,HC candle for bullish entries, and the opposite for bearish.Various things are adjustable in settings, such as body-wick ratios, T.P multiplier etc.Broker spread can be manually adjusted to reflect accurate P/L including spread.I'm only publishing this so I can easily share it with my trading partner, for backtesting and improvement.I'm currently testing it on gold and silver cfds'sFeel free to use it as a base and suggest improvements.