Page creation date: 2024.03.21
Last updated: 2024.03.26

Backtest 002: Daily Line Break 2-1

Environment:
・Daily, 4h, 1h, and 15m charts are all in the buying area of the Bollinger Bands middle line, or all in the selling area.
・The Bollinger Bands middle line on the daily chart is tilted towards the speculated direction or is moving parallel.

Entry: Break of the most recent high (or low) on the daily chart.
Exit: At the most recent daily resistance line, the next daily resistance line, or if the most recent support line on the 1h chart is broken (*when target setting is not possible)
Stop loss: -20 pips / move the stop loss line to the entry price after advancing 20 pips

・The dates and times of the backtesting results are GMT+2.

Notes:
・Do not cut the position even if the most recent support line on the 1h chart is broken when setting a target.

Example: 2023.11.14 15:30 (GMT+2)

Results

Notes:

EUR/USD:
・Usability: NO.
A method of slowly losing money with about one trade per month and then making a large profit. Not used due to periods of up to 10 months without profit.
・Profit Factor (PF): 4.6
Gained: 2582.9 pips, Lost: 560.7 pips, Break-even trades: 62.75% (64/102), (*from May 2017 to March 2024, about 6 years)
・Win rate: 13.725% (14/102)
・Trading opportunities: 13.6 times/year. Minimum: 10 times/year (2019, 2022). Maximum: 20 times/year (2023)
・Maximum drawdown: 6 times (-132.5 pips, from 2020.07.15 to 2021.05.18, approximately 10 months, with the longest sequence of 13 break-even trades)
・”Moving the stop to the line after passing the target” was not tested in this verification.