Hammer Breakout Long Strategy #Marketplace

41.95% strategy
performance

20.67% buy&hold
performance

48% percentage
of winning trades

2.48 reward to
risk ratio

1.25% average
position return

-8.28% drawdown

A long strategy created by TrendSpider on TrendSpider. Tested at of OXY, 1 hour.

You can import this strategy into your TrendSpider account. Don't have TrendSpider? Create an account first, then import the strategy.

Chart type the strategy tested at: Candles. Market data: regular session. Trade by: open. Backtest results as of .

Entry Conditions

All of the following: # "Quebec"
  60min Chart(close) (3 candles ago) < 60min Chart(open) (3 candles ago)
  60min Chart(close) (2 candles ago) < 60min Chart(open) (2 candles ago)
  60min Hammer Evolves (1 candles ago)
  60min Chart(close) > 60min Chart(high) (1 candles ago)

Exit Conditions

# Candles Passed	Exit after 10 candles, for any PnL.
Trailing Stop	Trailing stop at 2%.