Market

Heating Oil

Security

@HO

Heating Oil Trading Strategy (HO) – Fantastic Edge in Using Trend Strength

 

Profit Factor: 1,9

Avg Trade: $440

Winning Trades: 58%

Trades: 725

(HO) Heating Oil Trading Strategy

The Heating Oil market suits traders who wish to diversify from the most common markets. As we show with this edge, it offers strong tendencies that can be utilized to build strategies.

This edge has only one(!) condition for the entry. This gives quite some room for further improvements!

The edge is composed of:

  1. A simple Price Pattern
  2. A Trend based Exit

 

Heating Oil Trading Strategy (HO) – Fantastic Edge in Using Trend Strength

Heating Oil Edge

Improving the Edge

This edge has already proven itself for a few years, but I thought that I might try to improve this simple logic further. Since the strategy only consists of two conditions, I feel comfortable adding more filters.

This is the result I got from adding one very simple filter to the long side of the edge. The filter is one that makes sense intuitively. That’s the reason why I believe it will hold also going forward!

Here is the equity graph. Transactional costs are included!

This edge is available to all gold annual members!

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