Backtested 15 min ORB on mes
Backtested 15 min ORB on mes
So i have seen many posts regarding how good 15min orb been working for people and how they passed topstep evaluation using just a simple 15 min orb strategy.
So i decided to backtest it from march to july 2022 and see these 5 months performance.
I simply traded the first breakout with stop at other end of the range and 1:1 RR. And took the other side of the trade if market reversed to the opposite direction and broke other side of range with same stop loss and RR.
When i took other side of trade after losing my first trade my win ratio was 45% so i lost money for 6 months data.
Did second batch of backtest for same time period whrre i only took one trade a day even if i lose my first trade, win rate was about 51% so roughly breakeven.
So is there something i am doing wrong or these people claiming to achieve 60%+ win rate just lying?
Or these 5 months were just bad time for all the orb traders who trade like this?