Flash Reversal 1 Minute Strategy

Overview

The Flash Reversal strategy is designed to identify and exploit potential Wave C movements as defined in Elliott wave analysis. These Wave C’s are characterised by rapid and significant price movements, which frequently reverse and resume the prevailing long-term market trend.

Application in the EURUSD Market

Reversals are a common feature within the EURUSD market, presenting multiple opportunities for you. The Flash Reversal strategy is tailored to capture these reversal moments effectively, enhancing the potential for profitable trades.

Performance and Customisation

This strategy is noted for its low drawdowns and high success rate, offering a reliable approach for traders seeking consistency. The price per point is fully customisable, enabling you to adjust your investment size from minimal to substantial amounts, according to individual preferences and risk tolerance.

Trading Days and Volatility Management

Additionally, trading days can be customised, allowing users to avoid periods of elevated market volatility if desired. This flexibility ensures that you can adapt your approach based on market conditions and personal trading schedules.

Backtesting Results

Installation and Configuration

The Flash Reversal strategy allows you to customise your position size by adjusting the PositionSizePerPoint parameter. This ensures that you can align your investment choices with your individual risk appetite and trading objectives.

For managing trading activity throughout the week, the strategy offers the flexibility to select specific days for opening new positions. By setting the relevant day’s value to 1, trades will be permitted on that day, whereas setting it to 0 will prevent any new trades from being initiated. It is important to note that this adjustment only affects the opening of new positions; any existing positions will continue to be managed according to the standard closing procedures.

The strategy is optimised for use with the EURUSD 1-minute chart and comes preconfigured with a 56-point stop and a 32-point gain. These parameters are designed to accommodate reasonable extensions of Wave C, providing an effective balance between risk management and profit-taking within the context of the strategy.

Trading Hours

The strategy is designed to trade between 5am and 8pm GMT to avoid large spreads that happen out of hours.

Risk Warning

The Flash Reversal strategy is developed using historical data and has undergone extensive backtesting. Although it is designed to deliver robust performance, it is important to recognise that market conditions are subject to change and, as a result, trading outcomes can differ from past results. Trading always involves a degree of risk, and it is essential that you only utilise this system if you have a clear understanding of these risks and are in a financial position to absorb any potential losses.