So I've been backtesting this pretty simple strategy I coded, and I noticed that there is a definite trend in the time of day that the profitable trades are closed, versus the hours when the unprofitable trades closed. Unfortunately, due to NT7's wacky setup, my backtest data only lets me filter trades from when they were closed, not opened.
Here's a quick rundown:
3 year backtest, EUR/JPY, 643 total trades, 13 hours avg time in market, and I have attached a picture of the hourly breakdown.
Do you guys have any usual methods or tips towards using time as a filter for entries, i.e. only open trades between 6am-11am?
I had an idea that since my avg time spent in market was 13 hours, what if I only allowed trades to be opened roughly 13 hours before my most profitable trading hours (12am to 1pm). Thanks for any input!