Bearish Bars Uptrend Strategy

The strategy is based on the number of bearish bars or bullish bars of the last 8 bars. Additionally it uses a filter of the moving average of 240 bars.
The idea of ​​the strategy is based on pullbacks in uptrends. The buy signal is given when there are 7 bearish bars of the last 8 bars and the price is above the moving average. The operation is closed when there are 7 bulls of the last 8 bars.

The strategy in the majority of assets has a hit rate of around 60% in daily timefrime. Although since it does not have a stop and the closing signal may not occur even if the asset is going down, there are trades that can be losers with 70% to 80% negative performance. That is why money management is essential to be able to take advantage of the system correctly.