Momentum Pullback Strategy — Promising Results On The 1H Chart
I am continuing to refine and backtest my latest strategy, the Momentum Pullback Strategy. I want it to work successfully on lower timeframes like the 1H chart.
Again, I take an unordinary approach with a super high risk/reward ratio. While I set the stop loss to only 1%, the take profit goal is defined at 12%. As a result, the success rate is very low but the net profit still promising.
However, there are still improvements to make. The max drawdown is still slightly high, and I will try to add additional indicators to minimize it (while the success rate might improve).
Would love to get your feedback on it!
Below is an example of the strategy on the 1H chart for $BNB
I didn't use any special configuration to avoid overfitting.
