1 HR Power Candle Strategy

Euro Fx/U.S. DollarFXCM

Description

⋅ Jan 12, 2016 4:19 AM

Strategy where one opens trades in one direction based on a 'power candle' of a certain length while closing trades that were created in the opposite direction.

Heiken Ashi (are the prices / backtesting accurate? Not sure...)

EURUSD - Profit Factor 10.
GBPUSD - Profit Factor 5.073
AUDNZD - Profit Factor 14.705
USDCAD - Profit Factor 5.167
AUDUSD - Profit Factor 3.8 (change Input to .004)

Regular Candles

EURUSD - Profit Factor 2.35 (input to 0.06)
GBPUSD - Profit Factor 1.473 (input to 0.04)
NZDUSD - Profit Factor 1.368 (input to 0.03)
AUDNZD - Profit Factor 2.607 (input to 0.006)