I test the Daylight Trading Strategy by LauraT that has become a trending thread on Forex Factory. This system is a simple mechanical method that is great for beginner traders and those looking for a non-discretionary trading system.
Trader’s Landing is a trading system review and education channel. By testing indicator based trading strategies we are able to learn and understand a system’s performance by using a repeatable and clearly defined trading criteria that has a predictable performance through a series of many setups. These trading systems can be ported over to many instruments such as Forex (FX), Cryptocurrency (Crypto), Options, Stocks, or anything that has a chart and a significant amount of volume and market participants.
WARNING: Be sure to do exhaustive backtesting and forward testing before you actually start trading real funds. For your convenience below is a link to the official Trader’s Landing backtesting spreadsheet and tutorial video.
See a trading system you would like tested on this channel? Be sure to let me know, including links where you found it, and any other pertinent information. In many ways you are the eyes and ears of this channel.
Link to thread by LauraT on Forex Factory https://www.forexfactory.com/thread/1086170-daylight-trading-strategy
Chapters:
00:00 - Introduction
00:59 - Indicators
01:45 - Rules & Examples
04:58 - Test
05:22 - Testing Results
06:06 - Find the Crumbs
System Specifics
Time Frame
H1
🏆 Trader’s Landing Score: H1
Indicators
pbfx_Williams %R
https://uk.tradingview.com/script/Bfdpu4DA-pbfx-Williams-R/
pbfx_Daylight
https://uk.tradingview.com/script/GSFfNSGQ-pbfx-Daylight/
ATR Bands
https://uk.tradingview.com/script/uTetNB3s-ATR-Bands/
Long Entry
Green MA over Red MA on main chart and daylight exists between them.
Price closes above Green MA on main chart.
Blue MA above the Red MA in the Williams %R Indicator.
Short Entry
Green MA below the Red MA on the main chart and and daylight exists between them.
Price closes below Green MA on main chart.
Blue MA below the Red MA in Williams %R indicator.
R:R
1:1 for ½ position.
Then move stop to breakeven.
Then target 2:1.
Where to place stop-loss
2 times ATR
Indicators tested on this channel so far:
ATR Bands, Donchian Channels (DC), Double Exponential Moving Average (DEMA), Dynamic Structure Indicator, Exponential Moving Average (EMA), Heikin-Ashi Candles, Ichimoku Cloud, Money Flow Index (MFI), Interstellar Buy/Sell, Interstellar Trend, Multi Timeframe EMA, QQE (Qualitative Quantitative Estimation) Mod, Relative Strength Index (RSI), SSL Channel, SSL Hybrid, Stochastic (STOCH), Stochastic RSI, SuperTrend STRATEGY, Time Segmented Volume (TSV), VuManChu Swing Free, Waddah Attar Explosion V2, Weighted Average Price (VWAP), Williams %R
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⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice. Seek a licensed professional for investment advice.
