Dear all,
I need some back testing results for the following system:
It is using fractals but with the following rules:
1- The bearish turning point occurs when there is a pattern with the highest high in the middle and ONE lower high on each side.
2- The bullish turning point occurs when there is a pattern with the lowest low in the middle and ONE higher low on each side.
3- The length of LAST candle's body (the candle on the RIGHT side) >= half of the length of the whole candle
4- Go long if there is "bullish turning point" after the close of the right candle
5- Go short if there is "bearish turning point" after the close of the right candle
6- Close the trade at the end of the same trading day; i.e you open and close the trade within the same day
I hope the rules are clear
Regards
I need some back testing results for the following system:
It is using fractals but with the following rules:
1- The bearish turning point occurs when there is a pattern with the highest high in the middle and ONE lower high on each side.
2- The bullish turning point occurs when there is a pattern with the lowest low in the middle and ONE higher low on each side.
3- The length of LAST candle's body (the candle on the RIGHT side) >= half of the length of the whole candle
4- Go long if there is "bullish turning point" after the close of the right candle
5- Go short if there is "bearish turning point" after the close of the right candle
6- Close the trade at the end of the same trading day; i.e you open and close the trade within the same day
I hope the rules are clear
Regards
Make It Simple !