2018 Back tests so far for anyone thats interested
GBPNZD - 83 trades (64% win rate, 1493 pips total)
GBPUSD - 67 trades (70% win rate, 2075 pips total)
EURUSD - 68 trades (70% win rate, 1281 pips total)
My rules that were backtested...
-SL 5 pips above or below engulfing
-no trades taken if stop loss +100 pips
-1 position open at a time... didn't enter engulfing candles if a trade was already active.
-major s/r placed on Weekly chart.. didn't buy into resistance or sell into support.. pretty simple.
-engulfing must closes above/below 61.8 fib level, showing strength
All other rules same as original post.
GBPNZD - 83 trades (64% win rate, 1493 pips total)
GBPUSD - 67 trades (70% win rate, 2075 pips total)
EURUSD - 68 trades (70% win rate, 1281 pips total)
My rules that were backtested...
-SL 5 pips above or below engulfing
-no trades taken if stop loss +100 pips
-1 position open at a time... didn't enter engulfing candles if a trade was already active.
-major s/r placed on Weekly chart.. didn't buy into resistance or sell into support.. pretty simple.
-engulfing must closes above/below 61.8 fib level, showing strength
All other rules same as original post.
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