september2017contest

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This simple strategy trades the USD/JPY pair on the daily timeframe with 15 lots and is the same as the December winning strategy with the difference being that a 16 shift is used instead of the 20 one and additionally a 2-block volume filter is used. I created the December strategy without looking at other strategies and it was solely my invention. Afterwards, when going through some strategies at the contest I have come across the shift function, but I have not encountered any strategies using the shift function on a daily candle - I noticed that a 1, 2, 3 shift was used on lower time frames like 5 or 10 minute candles. Therefore, I believe that this 20 or 16 shift on a daily candle timeframe is unique and never used before. Between December and now I have enhanced the strategy with a specific time period to trade (window), but that was a mistake as can be seen on the monthly equity charts. Keeping this strategy simple as it is is much more effective and so far this month it is doing well, with the only problem being that it is susceptible to drawdowns as it trades non-stop. So, to describe it, providing that no position is opened, if the daily candle 16 days back is green then a buy is triggered with a 60 pip SL and 60 pip TP, consequently if it is red then a sell is triggered with the same SL and TP. There are 2 filter volume blocks which will block the trade if the volumes on daily candles going back 36, 26 and 16 days are all equal. The risk to reward ratio is a decent 1 : 1, so if a trade goes bad it does not grind down into the equity chart. I wanted this strategy to trade the price bias from the past as it is well known that price action from the past repeats. I have been researching this idea for some time, working with cycles - for example 1, 2, 3, 4 weeks, 3 months, 6 months, 1 / 7 / 10 years etc. I have backtested different pairs with this strategy by constantly changing the shift and RRR, and came up with the U/J pair for a 16-day-back daily bias with a 1:1 RRR. I spent some time on getting the 60 SL / TP for U/J, it's almost 1/2% for this pair and works nicely. The shift 16 on a daily candle in this strategy is unique and never used before.
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1 01.09.2017 Not running september2017contest  Download
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