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hello traders!
this is back test of london breakout strategy for gbp usd pair for month of the may.
i hope u read this see the idea that i had give me your comments and ideas ,maybe help me fix my mistakes, maybe it gives you some lead and etc. no more talking straight to the strategy ...
strategy summary the Strat focuses on breaking the range market of the asian session,
first u got to mark the high and low of the price between 4 am to 6 am utc then you have range that in the chart i showed like box , next we wait till 7 am utc , if price was out of the box zone we open a trade toward the trend( if it broke above you open a long and vise versa) or if it wasn't u simply wait for price to close above or below, then you open a trade with sl put on the opposite side of the box and profit set to 1.5 times of the sl. only one trade per day is acceptable .
there are some exception that you don't have to trade:
1.when there is bank holiday
2.when your sl would exceed 50 pip (that's high of a risk)
3. further effect of the news shall be studied that i didn't consider in this back test
I've put the results in an ai and asked it to analyze the results:
Summary Statistics
Total Trades: 19
Total Profit: +152.3 pips
Average Profit per Trade: +8.02 pips
Max Profit in a Trade: +49.0 pips
Max Loss in a Trade: -30.2 pips
Winning Trades: 10
Losing Trades: 9
Win Rate: 52.6%
Profit Factor: 1.74 (total gain / total loss)
hello traders!
this is back test of london breakout strategy for gbp usd pair for month of the may.
i hope u read this see the idea that i had give me your comments and ideas ,maybe help me fix my mistakes, maybe it gives you some lead and etc. no more talking straight to the strategy ...
strategy summary the Strat focuses on breaking the range market of the asian session,
first u got to mark the high and low of the price between 4 am to 6 am utc then you have range that in the chart i showed like box , next we wait till 7 am utc , if price was out of the box zone we open a trade toward the trend( if it broke above you open a long and vise versa) or if it wasn't u simply wait for price to close above or below, then you open a trade with sl put on the opposite side of the box and profit set to 1.5 times of the sl. only one trade per day is acceptable .
there are some exception that you don't have to trade:
1.when there is bank holiday
2.when your sl would exceed 50 pip (that's high of a risk)
3. further effect of the news shall be studied that i didn't consider in this back test
I've put the results in an ai and asked it to analyze the results:
Summary Statistics
Total Trades: 19
Total Profit: +152.3 pips
Average Profit per Trade: +8.02 pips
Max Profit in a Trade: +49.0 pips
Max Loss in a Trade: -30.2 pips
Winning Trades: 10
Losing Trades: 9
Win Rate: 52.6%
Profit Factor: 1.74 (total gain / total loss)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.