Key Reversal Down Backtest — Strategy by HPotter
By HPotter
Performance Metrics
- Author: HPotter
- Symbol: CME_MINI:ES1!
- Timeframe: 1 hour
- Net P&L: +13,275.00 USD (+13.28%)
- Win Rate: 49.5%
- Profit Factor: 1.34
- Max Drawdown: 4,387.50 USD (4.20%)
- Total Trades: 323
- Sharpe Ratio: 0.239
Description
A key reversal is a one-day trading pattern that may signal the reversal of a trend. Other frequently-used names for key reversal include "one-day reversal" and "reversal day." How Does a Key Reversal Work? Depending on which way the stock is trending, a key reversal day occurs when: In an uptrend -- prices hit a new high and then close near the previous day's lows. In a downtrend -- prices hit a new low, but close near the previous day's highs WARNING: - For purpose educate only - This script to change bars colors.