Understanding the Strategy
The Indiana Jones Mean Reversion EA is designed to capitalize on price reversals using a simple yet effective approach. Here’s how it works:
- It triggers a short position when the price reaches the highest point over a specified number of lookback bars, aiming to target the average price of those bars.
- Conversely, it opens a long position when the price hits the lowest point over the same lookback period, also targeting the average price.
However, it’s important to note that the following simulation results were based on one-minute Open, High, Low, Close (OHLC) data:
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