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Strategies / Momentum / Balance of Power Momentum Long

Balance of Power Momentum Long

Buys when the balance of power, the close-to-open move divided by the bar range, crosses above 0.8. Closes the long when it crosses below negative 0.8.

MomentumLong onlySwingNasdaq 1001 hour
n/aProfit factor
10,004Net profit EUR
39.69%Win rate
3,459Trades
-4,497Max drawdown
2.89Avg trade

Best run of 12. Nasdaq 100, 1 hour, spread 3, from run sweeps:2026-10-10-NAS100-1h-opt.tsv:15.

Entry rules, long

  2. Bars with zero high-low range are skipped.

Exit rules

  2. No stop or target is set.

Test conditions

PeriodUp to 2026-10-10
InstrumentNasdaq 100, 1 hour
Spread3 points
Starting capital1,000,000
CostsSpread only. Commissions and overnight financing are not included.
BarsUp to 200,000 bars, fewer where the instrument has less history
Last tested2026-10-11

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
Nasdaq 100Best run1 hourn/a 3,45939.6910,004 EUR-4,497
Nikkei 2254 hoursn/a 69045.8019,584 USD-8,830
Dow JonesDailyn/a 50346.5219,004 EUR-7,772
Nasdaq 1004 hoursn/a 84147.8018,552 EUR-4,641
Dow Jones1 hourn/a 1,05543.9817,367 EUR-7,299
Nasdaq 100Dailyn/a 48042.5013,777 EUR-4,381
DAX 40Dailyn/a 38643.5212,574 EUR-4,876
DAX 404 hoursn/a 77345.548,610 EUR-5,043
Dow Jones30 minn/a 2,24540.627,851 EUR-7,772
S&P 5004 hoursn/a 81647.303,299 EUR-1,554
S&P 500Dailyn/a 52342.453,213 EUR-1,413
Gold4 hoursn/a 66547.071,524 EUR-1,493

Charts

Results by run

Top 10 of 12 runs. The full list is in the table above.

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Balance of Power Momentum Long
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Momentum
// Direction: Long only
// Timeframe tested: 1 hour
// ==============================================================

DEFPARAM CumulateOrders = false

ONCE bop = 0

18 more lines: the entry and exit rules.

Setup

How to load it

  1. Copy the code with the copy button on the code block.
  2. In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
  3. Paste the code, give the system a name and save it.
  4. Click "Backtest", set your own spread and position size, and run it before you consider trading it live.
Read this firstKnown weaknesses2 points
  • No profit factor is available, because only sweep results exist for this strategy.
  • Results include the spread only. Commissions and overnight financing are not included.

Questions

About this strategy

Can I run Balance of Power Momentum Long in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 12 market and timeframe combinations. The best run by trade count was Nasdaq 100, 1 hour, with 3,459 trades.

How large was the drawdown?

The best run had a maximum drawdown of 4,497 EUR at the tested position size, against a net result of 10,004 EUR.

Does it trade long, short or both?

It only takes long trades.

Related

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Get the full rules, the complete code and the ProRealAlgos portfolio as a member.

Copy trading on US indices is available to ProRealAlgos members as spots open.

Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.comStatsDocs