Topic: BarRange+MACD for GBPUSD 5min - how to tell when will work and won't?
I set up a simple strategy for GBPUSD 5 minute, using Bar Range and MACD. If the Bar Range rises, and the MACD crosses the signal line upward, then enter long -- provided happens between 18:00 - 21:00 EST. Then, exit is based on hitting stop = 20, or hitting limit = 70.
What I cannot figure out is -- looking at the Balance/Equity chart, I can see that this strategy works for a week or two very reliably, then fails for a week or two very reliably. (I'll try to post a screenshot of the chart below after posting message and strategy.)
Any ideas / comments / suggestions in how to figure out when it works and when it doesn't? I've tried looking at larger time frame charts, but nothing seems to strike me as the answer. It would be great if there were some way to only trade for the times when it works, then mostly avoid the times when it does not work.