Volatility Bands Reversal Strategy [Long Only] by ediks123
By ediks123
Performance Metrics
- Author: ediks123
- Symbol: NASDAQ:QQQ
- Timeframe: 4 hours
- Net P&L: +4,072.08 USD (+39.56%)
- Win Rate: 68.4%
- Profit Factor: 1.377
- Max Drawdown: 1,890.65 USD (15.08%)
- Total Trades: 190
- Sharpe Ratio: 0.118
Description
This strategy based on existng indicator available on TV If finds the reversals for LONG entries ... I have modified the settings to back test it ...BUY====When the price touches lower band , and tries to close above lower bandsome signals are mixed up, you can research and look for a confirmation ...if the middle band is above EMA50 , you can simply follow the strategy BUY signalbut if the middle band is EMA50 , wait for the price to close above middle bandSell / Close==========wait for the sell signa OR close when price touches the upper bandHow do you want to close , you can chose in settings. Chnage these values and see the performancePlease note , sell means just closing the existing LONG position , not short selling Stop Loss =========Stop Loss is defaulted to 6%This is tested in 1HR, 2HR and 4 HRs chart for SPY and QQQ ETFS ...for long term investing style , 4 Hrs is the best time frme for this strategyWarning========It is not a financial advise , it is for educational purposes only. Please do your own research before taking any trading decission