What's my mean reversion strategy?
When a new daily candle is drawn, the TP is the midpoint between the open and close of the previous candle. SL is 2:1 (yes, negative R:R). Don't be a fool and enter the trade at rollover, wait a bit over an hour and get in when the spreads aren't super wide.
But that can't possibly work! It's too simple! Oh, really? Look at the image, it's a chart from TradingView, the blue dot as you can see is the previous bar midpoint between open and close. See how often it hits?
As I've mentioned before, I want my strategies to be so obviously profitable that a 10-year-old would be like "yup, that's profitable". I want to look at the chart and immediately know it's profitable because what is a chart? It shows historical prices, right? Thus, looking at a chart is your brain doing a back test; and if your brain can't figure out the back test results, then it's too complicated.
I'm not some guru that needs to hide behind whatever BS. People love this ICT guy but he's a genius marketer. He made things so complicated that if it works you think he's a trading god, but if you lose there's always something you did wrong. Me? F* that. There's one of my systems, and anyone with at least one eyeball should be able to see it's profitable.
But why tell everyone if it's so good!? Frankly, I got enough experience to know only like 1% of people reading this are actually going to do it and stick with it. Everyone else is going to dismiss it outright for being too simple or try it for like a day, and if it happens to be a losing day they'll move to the next strategy.
So why the negative R:R? Well on a daily chart we can't tell if price initially moved against us. If we look at the open price and the TP is the blue dot, then to ensure SL doesn't get hit even if price initially moves against us, I use a 2:1 R:R.
All trades, in profit or not, are closed at the end of the day. Every new day is a new trade. And make sure that each day is the same dollar value. Ex: TP should always be $50 and SL always $100. Adjust your lot sizes accordingly. Don't be like "but today it's 20 pips to TP, yesterday it was 10 pips to TP, so I'm going to change it up" Nope. Don't do it. That's going to change your odds. You don't want to be risking $100 today and $500 tomorrow. Then if you win today and lose tomorrow, you're hosed. You're just playing a game of "does it hit, or does it not hit" and we can obviously see it hits more than it doesn't, so keep all your monetary values the same and just play the odds.