A solid week for the pair in question, CADJPY working the 30M time frame.
The last four trades out of five have hit the desired profit target.
This just shows the adaptability of the script in use and also shows that even trading a 1:1 risk reward ratio is possible.
How do I know its possible to trade this way? By the built in strategy tester. As always the results are at the bottom of this idea.
The stats are based on £10000 starting capital risking 1% reward per trade. Data stretches all the way back to January 2019.
Having this level of back test results give great confidence when entering the markets knowing we are trading with a proven edge.
I say on my ideas I don't recommend following random trades on TradingView as it's not a consistent trading plan or strategy.
This idea proves how even a 1:1 risk reward strategy can be traded with an edge thanks to a proven back tested system.
For any more information on the methods and script in use feel free to drop me a message.