Hi all, here is my take on this strategy:
I built a python backtest system and checked this strategy, looks like it's something there. I guess manually it will be easier to handle (if you see it turns out into a trend you can take advantage of that) but even if you go full mechanical you can get good results, at least with the time period I tested: GPBUSD: 02/2023 - 11/2023, it depends on your tp/sl ratios but for me it was around 40% win rate with 3:1 RR which is great including commissions, there is always the danger that it might be overfitted but I think it's still something there worth of exploring.
I built a python backtest system and checked this strategy, looks like it's something there. I guess manually it will be easier to handle (if you see it turns out into a trend you can take advantage of that) but even if you go full mechanical you can get good results, at least with the time period I tested: GPBUSD: 02/2023 - 11/2023, it depends on your tp/sl ratios but for me it was around 40% win rate with 3:1 RR which is great including commissions, there is always the danger that it might be overfitted but I think it's still something there worth of exploring.
