I tested the strategy on the NY open with some changes...
I set the indicator time to start right at NY open instead of ahead of it. For my Broker (GMT+1) the setting was 13:00-15:00. S/L and T/P levels were adjusted to 20/20. I also tested the original settings, however I suspected smaller movements in the NY open session. For the 20/20 setup here are the results from 7-30 to 9-1:
13 Wins
6 Losses
5 No Trade
140 pips profit
The original 40/40 setup produced:
11 Wins
8 Losses
5 No Trade
120 pips profit
Something to consider...
I set the indicator time to start right at NY open instead of ahead of it. For my Broker (GMT+1) the setting was 13:00-15:00. S/L and T/P levels were adjusted to 20/20. I also tested the original settings, however I suspected smaller movements in the NY open session. For the 20/20 setup here are the results from 7-30 to 9-1:
13 Wins
6 Losses
5 No Trade
140 pips profit
The original 40/40 setup produced:
11 Wins
8 Losses
5 No Trade
120 pips profit
Something to consider...
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