KDJ Bounce [Alvin] — Strategy by xunlei98
By xunlei98
Performance Metrics
- Author: xunlei98
- Symbol: MYX:FCPO1!
- Timeframe: 5 minutes
- Win Rate: 36.0%
- Profit Factor: 1.053
Description
KDJ Bounce StrategyA mean-reversion strategy that enters on KDJ J-line crosses from oversold/overbought zones, and exits on price action confirmation.Enter Long when the J-line crosses above the oversold threshold (adjustable, default 20). Enter Short when the J-line crosses below the overbought threshold (adjustable, default 80).Exit signals use consecutive candle logic: — After a Long entry, the position closes when 2 consecutive down bars appear and the second bar's close is lower than the first. This confirms selling pressure has overcome the bounce. — After a Short entry, the position closes when 2 consecutive up bars appear and the second bar's close is higher than the first. This confirms buying pressure has overcome the breakdown.Only one active position at a time. New J-signals are ignored while in a trade.All orders execute at the next bar open. Position sizing is 1 fixed lot per trade.Best used with a companion KDJ indicator in a separate pane to visualise K/D/J line movement in real time. Adjust thresholds through Strategy Settings > Inputs to suit the instrument and timeframe. Works on any liquid market; lower timeframes produce more signals but higher noise.