Last Updated on 17 November, 2020 by Therobusttrader

Average Range Pullback in British Pounds

British pounds is one of the major currency markets that can be traded through CME futures contracts. In this edge, we use the average range to find profitable opportunities in British pounds.

Edge Details

Market:

British Pounds

Security:

BP

Access Level:

Gold

British Pounds - Average True Range Pull Back

Profit Factor: 1.62

Avg. Trade: $180

Win Percent: 58%

Trades: 670

A Closer Look

The currency futures are among the more difficult markets when it comes to finding edges. With this edge, you get a nice template to continue your research into the British pound futures market.

The edge is composed of:

  1. An Unconventional Average True Range 
  2. A Symmetrical Price Pattern
  3. A Price Pattern-based Exit

1. An Unconventional Average True Range

Average True Range can be applied in a variety of ways. In this edge, we take an unconventional approach!

2. A Symmetrical Price Pattern

The entry condition is a price pattern that’s symmetrical for long and short trades.

3. A Price Pattern-based Exit

A price pattern is also used to exit the trade. As with the entry condition, the exit is also symmetrical for long and short trades.

Other Markets

This edge was tested on the British Pound market. However, it seems to hold merit on some other markets as well!

Here is the same edge applied to the EC (Euro Currency) futures market. I know, from testing it myself, that you could build systems with this edge on even more markets!

No parameters were shifted, so there is definitely room for further optimization!

Euro Currency

Euro Currency

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