GBS Swing-High and Swing-Low Breakout Strategy
Summary
The strategy marks a three-bar swing high when the middle bar’s high exceeds the bars on either side. It stores that level and enters long when a later bar crosses above it while opening below it. A corresponding three-bar swing low is stored as an exit level, with the long position closed when a later bar moves below that level while opening above it.
The document explains the pattern rules and chart markers, but supplies no performance results. Its published backtest settings specify BTC/USDT futures, daily bars with a one-hour base period, over a stated date range; they do not report returns or other outcomes. The method is simple, but can produce false signals, has no explicit stop-loss, and does not account for trading costs or slippage. The document suggests adding risk controls and filters, then testing across market conditions before use.
Key ideas
- A swing high is marked when the middle of three bars has a higher high than both neighboring bars.
- A long entry occurs when price breaks above the stored swing-high level after opening below it.
- A swing low is marked when the middle of three bars has a lower low than both neighboring bars.
- A long position closes when price breaks below the stored swing-low level after opening above it.
- The strategy has no explicit stop-loss and does not model costs or slippage.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.