3 Line Strike Strategy: Trading USDJPY

3 Line Strike Strategy ***SEE DESCRIPTION FOR BACKTESTING RESULTS***
A continuation from the previous video, let's see an example of this strategy in action on USDJPY (US Dollar Japanese Yen).

3 Line Strike Strategy

I decided to dive into this tradingview indicator a little bit more to see if it worked well with some others to create the start to a viable 5 minute scalping strategy. The scalping strategy aims for trend continuation trades with the 3 line strike indicator as the primary buy/sell trigger/entry. Here we look at an actual trade taken using this trading strategy.

BACKTESTING RESULTS:
Backtested over 30 trades on USDJPY from July 21st, 2022 through August 2nd, 2022
5 Big Winners: +338.2 Pips
7 Winners+: +226 Pips
1 Winner (BE): +12.7 Pips
2 Partial Winners: +23.2 Pips
1 Loser: -54.4 Pips
14 Partial Losers: -232 Pips
Net: +313.7 Pips
Profit Factor: 2.10

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Best Trading Indicators on Tradingview:

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Trend Strategy that Got Me Funded:

Tradingview Indicator Links Below:

3 Line Strike (3LS)

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RSI Bars

Trading the Trend

Range Identifier

The Moving Average Channel:

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Disclaimer: Trading in any market carries a high level of risk and is not suitable for everyone. Any ideas, analysis, content, or information contained in this video does not constitute investment advice. You trade at your own risk. Always remember that past performance is not indicative of future results.

#tradingforex #3linestrike #usdjpy #scalping

[spencerlove]

This is dope I know you backtested this system what was the score after you backtested it?

[joannet]

Testing this out. So far looking good. But just 2 questions on the supertrend. For the indicator timeframe. If i’m trading on the 5min, do I put 15mins? Also, I tried putting an alert for when the trend is reversing (ie i get a signal from supertrend to buy/sell) but it doesn’t work.