Like I promised last week, today is the big day.
https://www.tradingview.com/script/GFf5GTqR-Extreme-full-daytrading-strategy-with-risk-management/
After many months and thousands of hours of work and optimization, here it is , my best piece of art.
I am not going to enter into to many details on how it goes, but I am going to tell you this :
- Its a breakout strategy.
- Its a daytrading strategy, only 1-2 trades/day per each currency selected.
- It has dynamic stop loss and take profit.
- It closes trades at the end of the week(friday night)
- It focuses on highs and lows between different sessions
- It takes in consideration the power of a currency over a period of time.
- It uses 1:2 risk/reward ratio
- Over a period of 4 years , 3500 trades and 7 currency pairs, it has an average 50% win rate, with an avg profit factor of ~1.35
- Drawdawn is 20% of the net profit per average, so net profit/dd ratio is 5:1
- It can be adapted to other markets aswell, so far I only focus on forex.
After applying a slippage of 3 , and the real comission from IC markets, these are the results(Always capital starting is 1000 of the currency we trade against for ex ,eurnzd , 1000 nzd, euraud 1000aud and so on.)
Always risking 1% of our capital. with a minimum of 1000 contracts = 0.01 lots.
EUR/ NZD
EUR/AUD
GBP/JPY
GBP/AUD
Here is an excel with all the currency pairs and all the details both from the last 4 years amd this current year.
