Trend Reversal / Potential pressure — Strategy by BardiaB2
By BardiaB2
Performance Metrics
- Author: BardiaB2
- Symbol: OANDA:USDCAD
- Timeframe: 1 hour
- Net P&L: +599.40 CAD (+0.60%)
- Win Rate: 60.2%
- Profit Factor: 1.502
- Max Drawdown: 161.20 CAD (0.16%)
- Total Trades: 93
- Sharpe Ratio: −2.447
Description
Jun 3, 2020This strategy looks for potential trend reversals by looking at hammer candles (defined in the is_hammer and is_stick functions). After getting confirmation a trade is open with determined SL/TP. ATR is used to justify the volatility. Fine-tune the parameters for your specific use case. Jun 3, 2020Release NotesUpdate: Detect the direction of the market by comparing the price with EMA200. Again, fine-tuning is required for specific instruments.