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Strategies / Momentum / High Volume Green Candle Long

High Volume Green Candle Long

The system buys a bullish candle when volume is above its 21-bar average and the bar is not inside the previous bar. It sells when a bar closes below the previous bar's low.

MomentumLong onlySwingUSD/JPYDaily
1.36Profit factor
731,790Net profit USD
44.19%Win rate
473Trades
-171,470Max drawdown
1,547Avg trade

Best run of 7. USD/JPY, Daily, spread 1, from run pf:2026-10-05-USDJPY-D.tsv:19.

Entry rules, long

  1. The bar is green, with the close above the open.
  2. The bar is not an inside bar, meaning it does not sit entirely within the previous bar's range.

Exit rules

  1. A long is sold when a bar closes below the low of the previous bar.

Test conditions

PeriodUp to 2026-10-05
InstrumentUSD/JPY, Daily
Spread1 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 tested2026-10-05

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
USD/JPYBest runDaily1.36 47344.19731,790 USD-171,470
DAX 404 hours1.28 1,47342.5718,131 EUR-3,504
Nasdaq 1004 hoursn/a 1,32643.2114,891 EUR-4,038
Nikkei 2254 hoursn/a 1,38437.9312,585 USD-11,209
Nasdaq 100Dailyn/a 34843.1010,926 EUR-8,054
FTSE 100Dailyn/a 31845.282,979 EUR-1,035
S&P 5004 hoursn/a 1,34841.021,799 EUR-791

Charts

Results by run

Above 1.0 made money, below 1.0 lost money.

The code

ProBuilder code, as tested

// ==============================================================
// High Volume Green Candle Long
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Momentum
// Direction: Long only
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false

volma = Average[21](volume)

13 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.

Indicators used

SMAVolume
Longer historyRe-run on up to 1,000,000 barsUSD/JPY · Daily · older data 4,100.00 USD

USD/JPY had no history beyond the standard run, so both runs used 12,000 bars.

USD/JPY · Daily

Bars available12,000
Net, standard 200,000-bar run731,790.00 USD
Net, long run735,890.00 USD
Net on the older data alone4,100.00 USD
Read this firstKnown weaknesses2 points
  • The code sets no stop loss, so a losing trade stays open until an exit signal arrives.
  • Results include the spread only. Commissions and overnight financing are not included.

Questions

About this strategy

Can I run High Volume Green Candle 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 7 market and timeframe combinations. The best run was USD/JPY, Daily, with a profit factor of 1.36 over 473 trades.

How large was the drawdown?

The best run had a maximum drawdown of 171,470 USD at the tested position size, against a net result of 731,790 USD.

Does it trade long, short or both?

It only takes long trades.

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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