Outside Day — Strategy by EduardoMattje
By EduardoMattje
Performance Metrics
- Author: EduardoMattje
- Symbol: NYSE:V
- Timeframe: 1 day
- Net P&L: +52,535.41 USD (+52.54%)
- Win Rate: 74.0%
- Profit Factor: 2.224
- Max Drawdown: 16,496.97 USD (9.76%)
- Total Trades: 96
- Sharpe Ratio: 0.09
Description
Dec 2, 2021This strategy is taken from Perry Kaufman's book "Trading System and Methods".You can enter on the direction of the candle, or opposite to it. I find that the opposite tends to yield better results in volatile assets, allowing a better reward to risk ratio. There is no stop loss in this strategy, only a fixed take profit and a time limitation.Dec 4, 2021Release NotesAdded the ability to choose the direction of the trades.