NY Midnight Zone Retest Strategy by Toddwaters72
By Toddwaters72
Performance Metrics
- Author: Toddwaters72
- Symbol: CME:BTC1!
- Timeframe: 10 minutes
- Net P&L: +16,425.00 USD (+16.43%)
- Win Rate: 52.2%
- Profit Factor: 1.94
- Max Drawdown: 4,000.00 USD (3.79%)
- Total Trades: 69
Description
A Strategy that takes a position when price returns to, or comes close to the midnight price. You can adjust the tolerance for how close price must be to the midnight price to allow a trade. There is a robust system of take profit and stop loss. You have three adjustable time windows that limit when trades can be entered. The initial settings are just place holders and do not represent the settings on the example chart. The code is open source so you could add additional parameters like hard stops for time, for example, end of day etc. Be sure and set the parameters for units and not usd or % if trading futures. I recommend turning on recalculate on entry and I seem to get better results when it takes its position on bar close. Any signals generated from the script are for educational or entertainment purposes only and do not represent financial advice or trade recommendations. Code was created with Gemini.