Hello everyone,

I found this strategy on an ebook that I bought. The author claimed to have executed over 500 winning trades in a row.

Obviously this is completely unrealistic. But I figured the strategy coul be winning, however. So I decided to backtest this strategy.

It didn’t work well with the entry rules mentioned in the ebook, I have simplified these rules.

This strategy takes the breakout candle between 8:45 and 09H which defines a range. If a signal candle is completely out of the range, we take position in the direction of the trend, on break of the high / low of this signal candle. Only 1 trade per day. Do not trade if the breakout candle is more than 45 pips.

This strategy applies in M15 graphs, mainly on the EUR / USD, and also the GBP / USD.

// FOREX RENEWAL system
// M15
// EUR/USD ou GBP/USD

Defparam cumulateorders = false

n = 3

// BOUGIE RANGE
IF time = 090000 THEN
 hautcanal = high
 bascanal = low
 tradejour = 0
  IF high - low >= 0.0045 THEN
   tradeok = 0  // pas de trade si bougie range >= 45 pips
  ELSE
   tradeok = 1
  ENDIF
ENDIF

// PLAGES HORAIRES
Ctime = time > 090000  and time < 180000

IF Ctime and tradeok = 1 and tradejour = 0 THEN
 IF low > hautcanal THEN
  BUY n shares at high + 0.0003 stop
 ENDIF
 IF high < bascanal THEN
  SELLSHORT n shares at low - 0.0003 stop
 ENDIF
ENDIF

// TAKE PROFIT
tp = 0.0045

IF longonmarket THEN
 tradejour = 1
 sell at tradeprice + tp limit
 sell at bascanal stop
ENDIF

IF shortonmarket THEN
 tradejour = 1
 exitshort at tradeprice - tp limit
 exitshort at hautcanal stop
ENDIF

// CLOTURE LA NUIT
IF time >= 230000 or time < 070000 THEN
 sell at market
 exitshort at market
ENDIF