Consistent Daily Trading Strategy for AUD/JPY with 100% Win Rate
Description:
In this strategy, I employ a consistent daily trading approach for AUD/JPY, focusing on capturing small profit targets while maintaining strict risk management. The strategy has been backtested from the year 2021, demonstrating robust performance with a 100% win rate. Below are the key aspects and performance metrics of the strategy.
Strategy Overview:
The strategy is designed to open a new long or short position at the start of each trading day based on the previous day's market conditions. Key parameters include:
Profit Target: 0.3%
Loss Target: 0.2%
Initial Capital: $1000
Commission: 0.1% per trade
Key Features:
Daily Trading: Positions are opened at the start of each day, ensuring regular market participation.
Profit and Loss Targets: The strategy aims for a modest profit target of 0.3% and enforces a stop-loss at 0.2% to manage risk effectively.
100% Win Rate: Over 36 closed trades, the strategy achieved a 100% win rate, highlighting its consistent performance.
Dynamic Position Management: In case of a short position stop-loss, a new long position is immediately opened to replace it, ensuring continuous market exposure.
Performance Summary:
Net Profit: $222.05 (22.2%)
Gross Profit: $223.26 (22.33%)
Gross Loss: $1.22 (0.12%)
Max Run-up: $236.99 (19.17%)
Max Drawdown: $161.35 (13.75%)
Buy & Hold Return: $316.51 (31.65%)
Sharpe Ratio: 0.266
Sortino Ratio: 2.298
Profit Factor: 183.136
Total Closed Trades: 36
Number Winning Trades: 36
Percent Profitable: 100%
Avg Trade: $6.17 (0.57%)
Largest Winning Trade: $21.12 (1.96%)
Commission Paid: $80.15
Chart Explanation:
The chart plots the entry prices for both long and short positions, along with labels indicating the profit/loss percentages for ongoing trades. The strategy's performance is visually represented, showing the consistency and reliability of the trading approach.
Green Lines: Entry prices for long positions.
Red Lines: Entry prices for short positions.
White Labels: Display current profit/loss percentage for ongoing trades.
Conclusion:
This AUD/JPY trading strategy offers a balanced approach to daily trading with a strong emphasis on risk management and consistent profitability. It is suitable for traders looking for a systematic and disciplined trading methodology.
Give this strategy a try and share your feedback! Let's discuss its potential improvements and share insights on its performance.
In this strategy, I employ a consistent daily trading approach for AUD/JPY, focusing on capturing small profit targets while maintaining strict risk management. The strategy has been backtested from the year 2021, demonstrating robust performance with a 100% win rate. Below are the key aspects and performance metrics of the strategy.
Strategy Overview:
The strategy is designed to open a new long or short position at the start of each trading day based on the previous day's market conditions. Key parameters include:
Profit Target: 0.3%
Loss Target: 0.2%
Initial Capital: $1000
Commission: 0.1% per trade
Key Features:
Daily Trading: Positions are opened at the start of each day, ensuring regular market participation.
Profit and Loss Targets: The strategy aims for a modest profit target of 0.3% and enforces a stop-loss at 0.2% to manage risk effectively.
100% Win Rate: Over 36 closed trades, the strategy achieved a 100% win rate, highlighting its consistent performance.
Dynamic Position Management: In case of a short position stop-loss, a new long position is immediately opened to replace it, ensuring continuous market exposure.
Performance Summary:
Net Profit: $222.05 (22.2%)
Gross Profit: $223.26 (22.33%)
Gross Loss: $1.22 (0.12%)
Max Run-up: $236.99 (19.17%)
Max Drawdown: $161.35 (13.75%)
Buy & Hold Return: $316.51 (31.65%)
Sharpe Ratio: 0.266
Sortino Ratio: 2.298
Profit Factor: 183.136
Total Closed Trades: 36
Number Winning Trades: 36
Percent Profitable: 100%
Avg Trade: $6.17 (0.57%)
Largest Winning Trade: $21.12 (1.96%)
Commission Paid: $80.15
Chart Explanation:
The chart plots the entry prices for both long and short positions, along with labels indicating the profit/loss percentages for ongoing trades. The strategy's performance is visually represented, showing the consistency and reliability of the trading approach.
Green Lines: Entry prices for long positions.
Red Lines: Entry prices for short positions.
White Labels: Display current profit/loss percentage for ongoing trades.
Conclusion:
This AUD/JPY trading strategy offers a balanced approach to daily trading with a strong emphasis on risk management and consistent profitability. It is suitable for traders looking for a systematic and disciplined trading methodology.
Give this strategy a try and share your feedback! Let's discuss its potential improvements and share insights on its performance.