Percentage Change strategy w/BG color by BlitzTrade8
By BlitzTrade8
Performance Metrics
- Author: BlitzTrade8
- Symbol: CME_MINI:NQ1!
- Timeframe: 5 minutes
- Net P&L: +46,320.00 USD (+45.05%)
- Win Rate: 41.9%
- Profit Factor: 1.334
- Max Drawdown: 11,760.00 USD (9.47%)
- Total Trades: 315
- Sharpe Ratio: 1.109
Description
The Percentage Change Method has historically been very effectively used by analysts on very long time horizons and very extreme percentage changes, for example a -6% or more drop in any index doesn't happen very often but it has very large implications and that much selling pressure typically leads to more selling at least for a while as a consequence of it. Similarly this can be applied to shorter time horizons. This indicator is ideal for 1min, 3min and 5min time horizons. Where I found it to be particularly helpful and one of the reasons I created it is for the market opening. If you trade the Mini Nasdaq for example and put it on a 1min setting then you can catch the changes that often happen in the first hour pretty well.