Simple Strategy. Anyone make it better?

[Pocompade]

Jan 2023 - Dec 2023 tested so far.
Win 143
Loss 110
1:1 57% Win

Best Pairs seem to be CAD Pairs.

1. Fib- Draw Lines. Fibo Lines in .25 Increments. 0, .25, .75, 1. I have it like that All the way from -20 to 20 Just in case the next month goes on a crazy run I won't have to add lines.
2. 2nd Fib Line from the 1st Fib H or L of the month to its .75 or .25 level depending on where you start from. Either one works. Example Below:


March Just Finished. Trade lines for April in Example above
Monthly H to L Fib levels at .25 increments.
2nd Fib same settings from H or L of 1st Fib of the Previous Month to the Nearest .25/.75 Level.


1H chart Draw a SD 1.00 deviation (Standard Deviation) From 0:00 of the Previous day to 0:00 of current day. 0:00 being the NY close.

Entry Buy or Sell the reversal when price extends outside the Lower/Upper SD Line and Price hits the nearest Fib Line outside those lines. TP the Nearest Fib Line. Example Below for Friday Trade


There are times when price opens the day between Fib levels outside the SD. Enter a Limit, or stop order depending on which line it hits first as long as price is still outside the SD. Examples Below:




Buy Example:



And that is it! No worries about Trend, Moving Averages, Stochastics, RSI, Money Flow, Bank Volume, Order Block, Liquidity Levels, Opening Range, Yesterday's H/L, Price Gap, Support Resistance, Fair Value Gaps, Double top, Triple top, double 1/4 pounder or one 1/2 pounder with cheese.

Levels stay fixed all month and move the SD once a day. Can set a limit or stop order depending on where price is.

GBPUSD seemed to be the opposite of this strategy where it was a continuation instead of a reversal. EURUSD same but have not tested it yet. Just going off observation with that.
I am sure I am missing something so ask.
If there is some kind of easy filter anyone could add without getting too crazy to make this closer to 60%-65% that would be money. Even if you don't get as many trades as long as the win rate is higher. The Similar the better. What you think? Thanks

 

[MeltoryLtd]

Hello Pocompade,

It's great that you've found a pattern, we've also been looking for similar patterns across other pairs and found AUDCAD to be most predictable.

We've been using it extensively in our signals and augment it with other pairs that allow us to spread the net (grid) on them - without trying to make complex predictions based on indicators, price or volume volatility.

 

[Pocompade]

What is the strategy for AUDCAD?

 

[MeltoryLtd]

What is the strategy for AUDCAD?

We use a grid-based strategy for all of our pairs, finding the best combinations of deposit to volume being traded.

 

[Josiah T.]

The yield isn’t particularly high, but it doesn’t sound too bad. There are a few aspects that could be improved, which might lead to better returns. However, after reading this post, it feels like the strategy is mostly down to luck, which isn’t exactly ideal...

 

[MeltoryLtd]

The yield isn’t particularly high, but it doesn’t sound too bad. There are a few aspects that could be improved, which might lead to better returns. However, after reading this post, it feels like the strategy is mostly down to luck, which isn’t exactly ideal...

We're satisfied with the yields and risks associated with grid-based strategy, so as our clients. Wouldn't call it lucky, but wouldn't call it a "prophet" either - we're not trying to predict the price or the trend, and work with what market gives us. Feel free to post your thoughts on improving the aspects of such strategy here, for others to see and ponder on.