Japan 225 Intraday Strategy Using Prior-Bar Direction and Range

Summary

This forum post presents a rule-based strategy for Japan 225 cash on an hourly chart. It checks for entries at 02:00, skips Fridays, and uses the direction and absolute range of a bar four periods earlier to choose a long or short trade. The position size is set to a fixed half-unit in the supplied example. The code also specifies percentage stop-loss and profit-target settings, with separate price-based protective exits for open long and short positions.

The author reports running the strategy on a demo account for months with positive results, but provides no return series, benchmark, drawdown, transaction-cost assumptions, or out-of-sample evidence. The description mentions a spread comparison, while the code’s precise relationship to that phrasing is unclear. The entry thresholds and exits are instrument- and platform-specific, and the sample’s large preload setting and unexplained parameters limit reproducibility. The post invites improvements but does not document tested refinements.

Key ideas

• The example trades Japan 225 cash using hourly-bar data and checks entries at 02:00.
• It skips Fridays and uses the direction and range of a bar four periods earlier to select trade direction.
• The code sets a fixed position size along with percentage stop-loss and profit-target rules.
• The author reports positive demo results but supplies no metrics or controlled evaluation.
• Several parameters and the relationship between the description and code are not fully explained.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.