Hi, I backtested the original strategy on my custom EA rules system that allows easy configuration of rules like this. I used EURUSD from 4 Jan to 22 Oct 2016 on a 10,000 demo account. The bottom line it was profitable. Here some settings I used to context the result. I set all indicators to 4 hours using shifts 1 & 2. I used ATR (1 day) to size the stops with 1.5 x larger take profit settings. I also implemented Trailing stops using the ATR calculations. Finally I used 1% account risk to size the lots. These features are part of my EA, if enabled. With more time I'd would play with other settings and also on other currency pairs. I've attached the results of these settings.
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I got a slight worse result (still profitable) if I just closed orders with reverse signals rather than relying on trailing stops or take profits. Finally trailing stops seemed to improve returns. Alex
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I got a slight worse result (still profitable) if I just closed orders with reverse signals rather than relying on trailing stops or take profits. Finally trailing stops seemed to improve returns. Alex
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