I hope this does not violate any forum rules and that admins are ok with this.
I have backtested this indicator with the following conditions
- Timeframe - Daily
- Indicator Parameters - Default
- Pairs - EURUSD, EURGBP, CHFJPY, AUDCAD, AUDNZD
- Duration - from 01/01/2016 to 31/12/2019
- Signals - Go long on the first green candle, go short on the first red candle
- SL - 1.5x ATR
- TP - 1x ATR
- EURUSD Total trades - 27, Winrate - 29.63%
- EURGBP Total trades - 36, Winrate - 52.78%
- CHFJPY Total trades - 22, Winrate - 36.36%
- AUDCAD Total trades - 23, Winrate - 52.17
- AUDNZD Total trades - 25, Winrate - 48.00%
Have you had any success with this indicator? May be with a different setting, on a different timeframe or in combination with another indicator?