After my latest thread about the 🛡️ Nx BIAS 🛡️ indicator for determining market bias, I decided to take a scalp trade as a backtesting exercise on the USDCAD pair.
Entry details:
Defined the DOL and Invalidation levels using the Nx Bias indicator on the 2Htimeframe.
Identified the area of interest and executed the entry on the 5m - 1m timeframe for the same pair.
Next steps and forward testing:
I will be testing this indicator more extensively. The main goal is to rely solely on it for bias determination under live market conditions to evaluate its real-time performance, moving beyond backtesting results.
Disclaimer: Do Your Own Research (DYOR).
Best regards,
Note: The indicator is not yet available and will be released soon under the name Nx Candle Bias.
Entry details:
Defined the DOL and Invalidation levels using the Nx Bias indicator on the 2Htimeframe.
Identified the area of interest and executed the entry on the 5m - 1m timeframe for the same pair.
Next steps and forward testing:
I will be testing this indicator more extensively. The main goal is to rely solely on it for bias determination under live market conditions to evaluate its real-time performance, moving beyond backtesting results.
Disclaimer: Do Your Own Research (DYOR).
Best regards,
Note: The indicator is not yet available and will be released soon under the name Nx Candle Bias.
Trade fermée: cible de profit atteinte
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.