Momentum Pullback Strategy — Backtest Resulsts Solana 1H Chart.
I have continued to improve and backtest the Momentum Pullback Strategy (still one of my favorites).
So, I added a couple of optional indicators, such as the MFI or Stochastic Oscillator, to see if they could improve the results.
However, the basic setting based on EMA and ADX is the most reliable. Moreover, this setup needs no or little configuration to achieve positive results across many tokens.
On top of that, I also added a two-level profit target, so I can play with my favorite approach of using a tight stop loss, with a moderate 1st take profit target and a high second one.
The results show a 1% stop loss, 5% 1st TP, and 10% 2nd TP.
Nevertheless, I am still unhappy with the drawdown and will try to address this with the next version(s).
Feel free to backtest the strategy and share your results.
