Welcome, fellow traders! If you're looking to sharpen your trading skills, you're in the right spot. Today, we're diving into a straightforward yet powerful breakout strategy that you can customize to suit your style.
Here’s the basic idea behind this strategy:
- Buy or cover as soon as the price breaks above the high of the last 'n' bars.
- Short or sell as soon as the price breaks below the low of the last 'n' bars.
This approach has been backtested on USDJPY from 2013 to 2023, and I challenge you to take it a step further and see if you can enhance the results!
I'm excited for you to try this strategy out. Happy trading!
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