PMax Explorer Strategy - INDICES & METALS BacktestingThe pair and the time frame you see is the winner in the INDICES & METALS category with profit factor criteria
From 4032 results we have for this strategy :
* 1451 results with Profit Factor > 1
* 270 results with Profit Factor>1 and Sharpe Ratio>0
* 19 results with Profit Factor>1 and Sharpe Ratio>0 and Percent Profitable>50
* Best timeframe : 1m with 18 and 8m with 17 pairs
* Best pair for all categories : OANDA:BTCUSD with 28 / BINANCE:BTCUSDT with 27 timeframes
* My rating for this strategy is : 0.4712%
Check my posts for all instrument categories
1st (FOREX), 2nd(CRYPTOs) and 3rd(INDICES/METALS)
I will split each strategy backtesting in this manner
I'm talking for strategy :
PMax Explorer STRATEGY & SCREENER (by KivancOzbilgic) Oct 10, 2020
I test 29 Forex pairs from FXCM, 51 Crypto Pairs from Binance and 46 CFDs Indices and Metals from OANDA
In total 126 pairs using 32 !!! timeframes
1,2,3,4,5,6,7,8,10,12,15,17,20,24,25,30,45 minutes
1,1-1/2,2,3,4,5,6,7,8,10,12,16,20 hours
1 and 2 Days
In total 4032 results per strategy
I like profit factor and Sharpe ratio as my main guides but also percent profitable does matter
The results of forex were with 1000 contracts, default currency USD and 0.07 USD per order commission
At Cryptos i use 1 contract, default currency USD and no commission because most cryptos are spread based.
At Indices i use the same details as Crypto.
I didn't touch any settings at the strategy for all three ideas (only the backtesting starting day where i maxed out the available data)
I can't post direct links according to house rules, since i love TradingView and i play with their rules.
However my profile links and my signature may help for extensive information.
CFD
GBP/NZD – Week 30 – Watching the resistanceAfter touching the resistance area of 1.99-2.00 on multiple occasions now the price finds itself again at that important level. For this pair we see a retracement as the higher probability move. One potential target for this correction is the blue trendline marked on the chart but we will have to study the structure to see when the price will reverse. If the price consolidates a long time in this area (resistance) we may see a continuation to the upside (lower probability).
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/JPY – Week 30 – Incoming correction When we look at the 4h timeframe we have one move to the upside that started on the 20th of July. Now the price is near the resistance area at 153.5 and the higher probability move is a correction in this area after the price touches or breaks the resistance. This move can be a sharp correction that reaches the lower bound of the red channel marked on the chart or the support area. The lower probability move is a continuation to the upside without this correction, the price crawling up by making small consolidations.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial adice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BTC CorrectionFrom this analysis chart, it can be seen that there is a small correction of BTC . Jump into the market if the price has touched 36025 , and then buy with a profit target of 42180 (max) within the weekly top.
Note: Please keep in mind that no one guarantees the analysis will be 100% as expected. It all comes back to your own analysis, money management and risk management.
GBPAUD short progressing 📉👊Entry details are shown on the chart.
We're only looking for green line which is take profit target.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
It's time for GOLD to dropThere have been rejections at the price of 1815 several times (light blue line), and my projection for Gold will fall to touch the price of 1766-1767.
Note: Please keep in mind that no one guarantees the analysis will be 100% as expected. It all comes back to your own analysis, money management and risk management.
GOLD CorrectionNext week, there is a possibility that Gold will have a correction first towards the price of 1780 (maximum), with the Fibonacci retracement at the level of 50% (more or less), and previously it will start touching 1821 before falling.
Note: Please keep in mind that no one guarantees the analysis will be 100% as expected. It all comes back to your own analysis, money management and risk management.
Xauusd Long Confirmations:
Entry point Here because...
A: Confluence
1. Imbalance
2. Manipulation
3. Four Hour Previous Market Structure
4. Fibonacci Golden Pocket
(last Higher Low Before Break of Previous 4hr Market Structure)
B.Structure
5.Higher Lows Forming
6. 2 weeks of Continuous Bullish Structure
1 to 4 risk to Reward tp 1
its all about The Risk to Reward If this trade clears at 1% risk, you'll make 4% Profit , Once Trade Goes to 1;1 Risk Stop loss at Break Even you can even decide to take Partials and let the rest Ride
1 to 18 Overall Tp
What does that mean?
If you Risk...
$10
You Can make up to
$180
No reason to Gamble
1% can make you 18%
2% can make you 36%
3% can make you 54%
All on a single Trade Besides cryptocurrency youll never see a return that Great With investing
Cfds / Margin Trading is the way to go
If you dont have a trade plan Dont trade!!!
Always know your potential Risk and How much You want to make Minimum For every trade Before you get in and Do Not Over leverage risk 1-3% Max per Trade
This is what Separates The investor from the Gambler Simple but not easy
USD/CAD – Week 27 – Correction not over yet Last week, the pair corrected the entire time, without reaching the liquidity pool that we expected.
For this week we expect the price to drop until it reaches the liquidity pool highlighted on the chart. After the target will be hit, we expect the price to resume the bullish trend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
AUD/USD – Week 27 – Targeting the resistance Last week, our forecast came true as the Australian Dollar dropped as we expected.
In the coming week, we expect the price to start gaining some bullish momentum and make an attempt and reach the orange trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
USD/JPY – Week 27 – Sells around the corner In our previous outlook, we expected USDJPY to drop towards the trendline. Instead, the price reached new highs prior to the NFP news events and then started to give signs of reversal.
For next week, we expect the price to make a small consolidation, and reach the support level before gaining more bullish steam.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/JPY – Week 26 – New top?For this pair we give a higher probability for a move to the upside near term. When we look at the 4h timeframe, if the price breaks the resistance area (154.200) and after that the red trendline, we are looking at a move that will most probably create a new top. Every consolidation below or above the resistance area are good entry points for the move to the upside. If the price is rejected with a sharp move from resistance we could see a break of the 152.6 low and then a reversal to the upside. We will keep you updated.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/NZD – Week 26 – Watching the support area For the next move of this pair we see the price falling to reach the support area marked on the chart at 1,959 if the blue trendline is broken. However, the big trend is to the upside so we advise caution with shorting this pair because there is a reasonable probability for the price to bounce sharply from near support area or even higher and start marching to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/CHF– Week 26 – Incoming down move? This pair is moving in a trading range for the last couple of months. In our last analysis, a few weeks ago, we gave a good probability for a move to the upside that will reach the resistance area once again and it happened. Now, after the resistance was reached on the 24th of June, we had a sharp drop followed by a correction. We give a higher probability for the price to break to the downside. However, before that happens a reasonable scenario is one where the resistance is touched/broken one more time, so be careful and don’t jump into candles if you’re trading this pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.