Backtesting on GBPJPY 2019 Pivot Point expansion cases

 

Backtesting on GBPJPY 2019 Pivot Point expansion cases

11 Sept 2020                                        Queenie Wu

GBPJPY H1 2019

 

Step 1:

PP expansion -> follow the trend of yesterday

PP today higher than PP yesterday, it is uptrend

 

Step 2:

Buy condition:

Arrow indicator: UP arrow     OR

Close to S1 or PP       OR

At channel floor

** Direction follows the prediction of Ehlers’ Fisher indicator

 

Step 3:

TP:

If buy at S1, target at PP

If buy at PP, target at R1

 

May need to wait overnight

 

Characteristic of white arrow indicator:

It tries to predict the small reversal point.  If the prediction is wrong, it will try again.  This indicator is repainted.  Have to be careful!

 

Results:

57 win out of 78 expansion cases

11 loss out of 78 expansion cases

10 no trade out of 78 expansion cases