[Help] How can i build this developed and tested strategy on CP
trade the direction of the trend + enter at 1am NY time (dont enter if u above 50% fib in longs and viceversa) + 2rr + SL on low/high london (if u long u put SL on london Low).
IMPORTANT: The strategy uses the recovery tunnel:
Parameters for CP:
trend: EMA 50 in 15m ; Entry above the ema 50 would be long
2Rr with the SL is of London lows if trend is bullish (and viceversa)
Here are some backtests: https://www.tradingview.com/x/cGHHgaWf/ https://www.tradingview.com/x/EGrNovS2/ Backtest from january to 22 jan
Screenshot below represents the strategy. i use those 2 indicators for tradingview, asian session range to mark the low and hgih of london and ema ribbon to have 50ema
Start with the only MA Filter in Buy below MA / Sell above MA mode and Reverse = True.
Then add the Time filter and apply it "to the first entry only".
Disable Martingale and Ant-martingale, and set the Directional filter to Change dir after loss. Set the StopLoss to 200 points. Enable Apply martin after closed loss and set the Lot coefficient to 2 (martingale section).
To use SL on the London low/high you need to find/develop custom indicator that says to close buys below the low/sells above the high.
It will not be exactly the strategy from your description, but a very good point to start with.
Please share your set file when it is ready so anyone can test and improve it.