After my latest thread about the 🛡️ Nx BIAS 🛡️ indicator for determining market bias, I decided to take a scalp trade as a backtesting exercise on the NZDCAD pair.
Entry details:
Defined the DOL and Invalidation levels using the Nx Bias indicator on the 1H timeframe.
Identified the area of interest and executed the entry on the 1m timeframe for the same pair.
Next steps and forward testing:
I will be testing this indicator more extensively. The main goal is to rely solely on it for bias determination under live market conditions to evaluate its real-time performance, moving beyond backtesting results.
Disclaimer: Do Your Own Research (DYOR).
Best regards,
Note: The indicator is not yet available and will be released soon under the name Nx Candle Bias.
Entry details:
Defined the DOL and Invalidation levels using the Nx Bias indicator on the 1H timeframe.
Identified the area of interest and executed the entry on the 1m timeframe for the same pair.
Next steps and forward testing:
I will be testing this indicator more extensively. The main goal is to rely solely on it for bias determination under live market conditions to evaluate its real-time performance, moving beyond backtesting results.
Disclaimer: Do Your Own Research (DYOR).
Best regards,
Note: The indicator is not yet available and will be released soon under the name Nx Candle Bias.
Note
PS : the trade active if the price of 3am candle on 2H timeframe 12-09-2025 close below 200.006 so the previous chart is predicted not actual tradeTrade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.