The “BIG Candle” strategy

The “BIG Candle” strategy

Hi all,

This strategy can be applied on any timeframe.

It seems to be very very profitable on M15 timeframe on the DAX. But because of the spread, it’s not really winning.

So you must test it on > H1 timeframe.

The strategy takes position with a “big candle”, which breaks the highest(8) or lowest(8), and with an amplitude > ATR(24).

The take profit is same to the stop loss * 1.5

The backtest is made with 1 point spread on the DAX (trades taken from 09AM to 5PM).

Maybe someone could improve it.
Best regards,

 

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  1. Yannick • 06/06/2016 #

    Thanks for sharing. This strategy is flat for 11 years and winning afterwards. Don’t you think it might be overfited?
    Did you tried with variable take profit including volatility ( such as ATR ratio or the size of the candle detected with fibonacci extension)

  2. Doctrading • 06/06/2016 #

    Hello,
    As I usually say, strategies are exposed to be improved 🙂
    So yes, I think there must be good ways to improve this one.
    We could set an ATR ratio as a stop loss / take profit, it could be done.

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