ClickOptionsThe Price Action Test
One price-action strategy, one year of Bitcoin and Ether, every signal traded twice — as a perpetual future with a stop-loss and as a no-liquidation future (NLF) with no stop at all. From $1,000 at 5% of the balance per trade: BTC $930 on the perp against $1,247 on the NLF; ETH $130 against $1,151.
Same signals, same starting balance
Every table trades the identical list of entries. The headline is the sizing a trader can follow live: $1,000 to start, 5% of the current balance on every trade, compounding — on the perp 5% is what the stop loses (position capped at 25× the balance), on the NLF 5% is the stake and the most the trade can lose. Below it, the same trades at a fixed $100 risked vs $100 staked, and the equal-drawdown normalisation, labelled as hindsight.
BTC — 82 trades · 5% of the balance per trade, from $1,000
| Per trade | Final balance | Return | Worst drawdown | Lowest balance | Win rate | Return ÷ DD | |
|---|---|---|---|---|---|---|---|
| Perpstop-loss · 25× cap · cap bound on 16 trades | 5% risked at the stop | $930 | −7.0% | −47.0% | $530 | 32% | −0.15 |
| NLFno stop | 5% staked | $1,247 | +24.7% | −12.2% | $1,000 | 80% | 2.02 |
BTC — the same trades at a fixed $100
| Per trade | Net result | Max drawdown | Win rate | Return ÷ DD | |
|---|---|---|---|---|---|
| Perpstop-loss | $100 risked at the stop | +$680 | −$1,219 | 32% | 0.56 |
| NLF · equal stakeno stop | $100 staked | +$470 | −$248 | 80% | 1.89 |
| NLF · equal drawdownhindsight · stake ×4.92 so the drawdown matches the perp's | $492 staked | +$2,310 | −$1,219 | 80% | 1.89 |
ETH — 103 trades · 5% of the balance per trade, from $1,000
| Per trade | Final balance | Return | Worst drawdown | Lowest balance | Win rate | Return ÷ DD | |
|---|---|---|---|---|---|---|---|
| Perpstop-loss · 25× cap · cap bound on 18 trades | 5% risked at the stop | $130 | −87.0% | −89.1% | $109 | 21% | −0.98 |
| NLFno stop | 5% staked | $1,151 | +15.1% | −23.6% | $883 | 76% | 0.64 |
ETH — the same trades at a fixed $100
| Per trade | Net result | Max drawdown | Win rate | Return ÷ DD | |
|---|---|---|---|---|---|
| Perpstop-loss | $100 risked at the stop | −$3,445 | −$3,855 | 21% | −0.89 |
| NLF · equal stakeno stop | $100 staked | +$330 | −$508 | 76% | 0.65 |
| NLF · equal drawdownhindsight · stake ×7.58 so the drawdown matches the perp's | $758 staked | +$2,504 | −$3,855 | 76% | 0.65 |
Drawdown is measured from the highest point the account reached, the way a trader watches it. Return ÷ drawdown does not change with position size, which makes it the fairest single comparison between rows.
What the account did, trade by trade
The account balance after every closed trade, from $1,000 with 5% of the balance on every trade. The lower panel is the drawdown — how far each account sat below its own high at every moment. Hover for the value on any date.
Starting balance $1,000, 5% of the balance on every trade. Perp: final $930, worst drawdown −47.0%, lowest $530. NLF: final $1,247, worst drawdown −12.2%, lowest $1,000.
Starting balance $1,000, 5% of the balance on every trade. Perp: final $130, worst drawdown −89.1%, lowest $109. NLF: final $1,151, worst drawdown −23.6%, lowest $883.
3 · The entriesHow every entry is taken
The rules come from the price-action method presented in the video Once You Master Price Action, Trading Becomes Ridiculously Simple: read direction from market structure, confirm at a level rather than predict it, and treat a failed structure as the signal to switch sides. We coded each step as a strict rule so every entry can be reproduced from the candles alone. Where the video leaves a choice open, the choice we made is stated.
Timeframes
Market structure and the trendline are read on 4-hour candles; entries are taken on 15-minute candles. The video pairs a 15-minute structure chart with a 1-minute entry chart — the same 16-to-1 ratio. We moved both up because a 1-minute stop averaged 7–11 basis points, less than a round trip of fees, so no venue could carry it.
The rules, in order
- Swing points. A candle is a swing high (low) when its high (low) is the most extreme of the five candles centred on it. It only counts once the two candles after it have closed — no swing is ever used before it existed.
- Direction — break of structure (4h). A close above the latest confirmed swing high sets the bias up; a close below the latest swing low sets it down.
- The trendline (4h). At each break of structure, a line is drawn through the last two swing lows (for an up break) or swing highs (for a down break) and projected forward. It marks where buyers or sellers should defend.
- Confirmation — a response at the line. Price must have come within 2× the 15-minute average true range of the trendline during the previous 40 candles. A setup far from the line is skipped.
- Invalidation — change of character (15m). The short-term structure must break the other way first, showing the move into the line has failed. That break sets the trade direction, and it must agree with the 4h bias.
- Fair value gap (15m). After the change of character, wait for a three-candle gap in the same direction: the first candle's high stays below the third candle's low (bullish), or the first candle's low stays above the third candle's high (bearish). The gap must be at least 0.3× the average true range, so single-tick gaps don't count.
- Entry. A limit order at the middle of the gap, filled when price trades back into it.
- Stop-loss. Just beyond the candle that created the gap — its low for a long, its high for a short.
- Target. 3.5 times the stop distance from entry — the middle of the video's "three to four times" range.
- Minimum stop. Setups whose stop is closer than 15 basis points are skipped, not widened. Below that, fees take too large a share of the risk, and the tiny gaps that produce such stops are mostly noise.
Four real trades, drawn from the backtest
Each figure is generated from the backtest's own records for that trade — nothing is drawn by hand. Timestamps are UTC on the Bybit BTCUSDT / ETHUSDT perpetual, so every one can be checked candle by candle on TradingView.
Perp stopped out, then the same move reached target — the NLF was still in it
Entry 117,557.9 · stop 117,251.5 (26.1 bps) · target 118,630.5 (3.5× the stop). Perp closed at the stop 2025-10-01 17:14; NLF closed at target 2025-10-01 23:58 UTC. Price traded through the stop level while the NLF was open.
Both legs reached target
Entry 108,543.1 · stop 108,250.0 (27.0 bps) · target 109,569.0 (3.5× the stop). Perp closed at target 2025-10-20 03:50; NLF closed at target 2025-10-20 03:50 UTC.
A short: perp stopped out, NLF reached target
Entry 4,369.5 · stop 4,389.1 (44.9 bps) · target 4,300.9 (3.5× the stop). Perp closed at the stop 2025-10-10 13:39; NLF closed at target 2025-10-10 14:57 UTC. Price traded through the stop level while the NLF was open.
A loser on both legs — the NLF held to expiry and lost part of its stake
Entry 3,613.5 · stop 3,590.4 (63.8 bps) · target 3,694.2 (3.5× the stop). Perp closed at the stop 2025-11-10 05:35; NLF settled at expiry 2025-11-12 08:00 UTC. Price traded through the stop level while the NLF was open.
4 · How each trade was settledThe same entry, two instruments
Every signal above opens two positions at the same moment and the same price. They differ only in what happens next.
Perpetual future
- Sized so the stop-loss loses exactly $1: position size = $1 ÷ stop distance. Margin at 25× leverage.
- Closes at the stop-loss or the target, whichever is touched first, or after two days if neither is.
- Liquidated on an intraday touch of
entry × (1 − 1/25 + 0.4%). With stops of 15 bps and above, the stop always comes first — no trade in this sample was liquidated. - Taker fee 0.045% per side. Real Bybit funding charged on notional at every 8-hour settlement the position was open.
No-liquidation future (NLF)
- Opened for a fixed stake. Around 25× leverage: position value = stake × leverage. The stake is the most it can lose.
- There is no stop-loss. The stop level is drawn on the charts for comparison only — price trading through it does not close the position.
- Closes at the target if price reaches it before the contract ends (about two days, at 08:00 UTC); otherwise settles at expiry. Held to expiry, the full funding cost is paid.
- Fee 0.015% of position value per side, plus a 0.01% settlement fee if it expires in profit.
Costs we modelled, and why
The perp side is fully historical. The NLF launched in 2026, so a year of its quotes does not exist — the same position the ClickOptions 801 trades study was in. We price the NLF from the same history using its structure, measured on the live platform on 11 September 2026:
- Spread: 0.85% of the stake on entry and on an early close (live: 0.84–0.89% on every contract and expiry).
- Funding: 0.65 × the Black-Scholes time value of the contract at the trailing 30-day realised volatility of the underlying (live, for 20–30× contracts expiring in 1.8–3.8 days: 0.58–0.78). Paid in full at expiry; an early close sells back what is left.
| Per $1 unit, whole year | BTC perp | BTC NLF | ETH perp | ETH NLF |
|---|---|---|---|---|
| Trading fees | $28.06 | $0.57 | $31.38 | $0.66 |
| Funding | $0.14 | $1.68 | $0.15 | $4.14 |
| Closed at target | 26 | 66 | 22 | 76 |
| Closed at stop-loss | 56 | no stop | 80 | no stop |
| Held to expiry / 2 days | 0 | 16 | 1 | 27 |
| Traded through the stop, still open | — | 56 | — | 80 |
Perp figures are per $1 risked; NLF figures per $1 of stake. The perp pays far more in fees because a $1 stop-loss on a 15–70 bps stop buys hundreds of dollars of position; the NLF's main cost is funding instead.
Three sizings, always in this order
At the same dollar amount, a perp and an NLF are not the same size of bet: $1 of stop-loss risk buys a perp worth hundreds of dollars, while a $1 stake buys an NLF worth about $25. Every Run It Twice paper therefore shows the same three views, in the same order, whatever the result:
- 5% of the balance per trade — the headline. The perp risks 5% at its stop (position capped at 25× the balance); the NLF stakes 5%. Both compound from $1,000. A trader can follow this live.
- Equal stake at risk — $100 lost at the perp's stop against $100 of NLF premium, fixed all year. No compounding, no cap: the raw arithmetic of the trade list.
- Equal maximum drawdown — the NLF stake raised until its worst drawdown in dollars equals the perp's. This can only be computed once the year is known, so it is a hindsight normalisation and never a headline.
The rule of thumb this test supports. The no-liquidation side wins when the stop is tight enough to get wicked, when the hold fits inside one contract, and the more you risk per trade. It loses when a hold spans expiries — every roll pays fresh time value and resets the loss floor — and when the signal itself flips, because then there is no wick to survive. This strategy sits squarely in the first case; the next episode tests one in the second.
NLF results are linear in the stake — size, fees, the fee cap and the loss floor all scale with it — so the $100 and equal-drawdown rows are the $1-stake result times a factor; the 5% row is a trade-by-trade simulation.
5 · What this does not showRead these before quoting a number
- The NLF prices are modelled, not traded. Spread and funding are calibrated to today's live quotes and applied to a year of history. If time value was richer in past volatility regimes, the NLF result is overstated.
- One year is one sample. Two assets, 82 and 103 trades. The NLF was profitable in 8 of 11 months on BTC and 8 of 12 on ETH — broad, not conclusive.
- Some parameters saw this data. The trendline tolerance was chosen while testing August–September 2026, about 8% of this year. A clean test on September 2024 – September 2025 is the next step.
- The perp's 5% is sometimes less than 5%. On 16 of the 82 BTC trades the stop was so tight that risking 5% would have needed more than 25× leverage; the position was capped at 25× the balance and the real risk on those trades was smaller. A venue offering more leverage would have let the perp lose more, not less.
- Compounding punishes the losing streak. The perp's lowest balance on BTC was $530 — a trader following the rule live would have sat through that. The equal-stake view has no such path dependence, which is why both are shown.
- The strategy loses without its trendline. Taking every change-of-character gap regardless of the trendline, both instruments lost money over the year. The confluence with the trendline is where the edge sits.
AppendixEvery trade
All entries, in order. Perp results are per $1 risked at the stop-loss; NLF results are per $1 of stake — the $100 view is these columns ×100, the equal-drawdown row is the NLF column × its factor. The 5% view sizes every trade from the balance at the moment it opens; the code that does so is published with the paper. Wick marks trades where price traded through the stop level while the NLF was open.
BTC — 82 trades
| # | Entry (UTC) | Side | Entry | Stop | Target | Stop bps | Perp | Perp $ | NLF | NLF $ | Wick |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2025-10-01 16:45 | long | 117,557.9 | 117,251.5 | 118,630.5 | 26.1 | stop | −$1.34 | target | +$0.21 | yes |
| 2 | 2025-10-09 17:15 | short | 120,412.5 | 120,823.1 | 118,975.4 | 34.1 | stop | −$1.26 | target | +$0.28 | yes |
| 3 | 2025-10-10 12:00 | short | 121,492.8 | 121,708.1 | 120,739.2 | 17.7 | stop | −$1.51 | target | +$0.13 | yes |
| 4 | 2025-10-10 19:45 | short | 117,016.6 | 117,260.0 | 116,164.5 | 20.8 | stop | −$1.43 | target | +$0.16 | yes |
| 5 | 2025-10-11 02:15 | short | 112,209.9 | 112,470.0 | 111,299.6 | 23.2 | stop | −$1.39 | target | +$0.17 | yes |
| 6 | 2025-10-11 09:00 | short | 111,629.1 | 112,052.0 | 110,148.9 | 37.9 | stop | −$1.24 | target | +$0.29 | yes |
| 7 | 2025-10-16 14:30 | short | 110,513.6 | 110,880.4 | 109,230.0 | 33.2 | stop | −$1.27 | target | +$0.25 | yes |
| 8 | 2025-10-18 21:15 | short | 107,025.4 | 107,198.2 | 106,420.6 | 16.1 | stop | −$1.56 | target | +$0.10 | yes |
| 9 | 2025-10-20 03:00 | long | 108,543.1 | 108,250.0 | 109,568.9 | 27.0 | target | +$3.17 | target | +$0.20 | — |
| 10 | 2025-10-21 13:00 | long | 108,692.1 | 108,412.2 | 109,671.8 | 25.8 | stop | −$1.35 | target | +$0.19 | yes |
| 11 | 2025-10-28 02:00 | long | 114,290.1 | 114,033.3 | 115,188.7 | 22.5 | stop | −$1.40 | target | +$0.15 | yes |
| 12 | 2025-10-28 09:15 | long | 114,238.0 | 114,062.8 | 114,851.2 | 15.3 | target | +$2.91 | target | +$0.10 | — |
| 13 | 2025-10-28 14:30 | long | 115,567.2 | 115,282.0 | 116,565.6 | 24.7 | stop | −$1.36 | expiry | −$0.93 | yes |
| 14 | 2025-10-30 17:45 | short | 107,291.1 | 107,453.6 | 106,722.4 | 15.1 | stop | −$1.59 | target | +$0.11 | yes |
| 15 | 2025-10-31 17:45 | short | 109,313.1 | 109,650.4 | 108,132.3 | 30.9 | stop | −$1.29 | expiry | −$0.38 | yes |
| 16 | 2025-11-04 17:30 | short | 101,826.5 | 102,215.4 | 100,465.4 | 38.2 | target | +$3.27 | target | +$0.29 | — |
| 17 | 2025-11-17 14:15 | short | 94,265.1 | 94,669.5 | 92,849.7 | 42.9 | stop | −$1.21 | target | +$0.34 | yes |
| 18 | 2025-11-18 05:15 | short | 90,454.2 | 90,830.8 | 89,136.1 | 41.6 | stop | −$1.21 | target | +$0.31 | yes |
| 19 | 2025-11-19 00:30 | short | 92,610.7 | 92,950.0 | 91,423.1 | 36.6 | target | +$3.26 | target | +$0.27 | — |
| 20 | 2025-11-19 06:00 | short | 90,593.3 | 90,810.1 | 89,834.5 | 23.9 | stop | −$1.38 | target | +$0.17 | yes |
| 21 | 2025-11-23 12:30 | long | 86,488.8 | 86,226.2 | 87,407.9 | 30.4 | target | +$3.20 | target | +$0.23 | — |
| 22 | 2025-11-28 14:30 | long | 92,015.0 | 91,797.1 | 92,777.6 | 23.7 | stop | −$1.38 | expiry | −$0.33 | yes |
| 23 | 2025-12-11 09:30 | short | 90,477.1 | 90,639.2 | 89,909.8 | 17.9 | target | +$3.00 | target | +$0.12 | — |
| 24 | 2025-12-12 01:15 | short | 92,063.1 | 92,355.4 | 91,040.1 | 31.7 | stop | −$1.28 | target | +$0.22 | yes |
| 25 | 2025-12-17 01:00 | short | 87,644.0 | 87,821.4 | 87,023.1 | 20.2 | stop | −$1.45 | target | +$0.14 | yes |
| 26 | 2025-12-17 20:15 | short | 86,191.6 | 86,547.1 | 84,947.6 | 41.2 | stop | −$1.22 | target | +$0.29 | yes |
| 27 | 2025-12-22 07:45 | long | 88,987.1 | 88,850.5 | 89,465.4 | 15.4 | target | +$2.88 | target | +$0.11 | — |
| 28 | 2025-12-25 21:00 | short | 87,909.6 | 88,105.8 | 87,222.9 | 22.3 | target | +$3.10 | target | +$0.16 | — |
| 29 | 2025-12-26 04:00 | long | 88,578.5 | 88,161.0 | 90,039.8 | 47.1 | stop | −$1.21 | expiry | −$0.27 | yes |
| 30 | 2026-01-06 21:45 | long | 93,166.4 | 92,836.7 | 94,320.4 | 35.4 | stop | −$1.28 | expiry | −$0.66 | yes |
| 31 | 2026-01-12 17:30 | long | 91,064.7 | 90,844.2 | 91,836.4 | 24.2 | target | +$3.13 | target | +$0.19 | — |
| 32 | 2026-01-13 09:30 | long | 92,272.5 | 92,132.1 | 92,763.9 | 15.2 | stop | −$1.59 | target | +$0.11 | yes |
| 33 | 2026-01-16 16:15 | short | 94,900.4 | 95,550.0 | 92,626.8 | 68.5 | stop | −$1.13 | expiry | −$0.03 | yes |
| 34 | 2026-01-20 14:00 | short | 91,067.2 | 91,248.3 | 90,433.4 | 19.9 | stop | −$1.45 | target | +$0.15 | yes |
| 35 | 2026-01-21 12:30 | short | 88,549.6 | 88,815.8 | 87,618.1 | 30.1 | stop | −$1.30 | target | +$0.24 | yes |
| 36 | 2026-01-31 16:15 | short | 81,947.5 | 82,483.1 | 80,072.9 | 65.4 | target | +$3.36 | target | +$0.52 | — |
| 37 | 2026-02-01 20:15 | short | 77,365.9 | 77,511.0 | 76,857.8 | 18.8 | target | +$3.02 | target | +$0.13 | — |
| 38 | 2026-02-02 03:45 | short | 75,493.8 | 75,873.1 | 74,166.2 | 50.2 | stop | −$1.18 | target | +$0.37 | yes |
| 39 | 2026-02-03 19:00 | short | 74,460.6 | 74,842.1 | 73,125.1 | 51.2 | stop | −$1.18 | target | +$0.40 | yes |
| 40 | 2026-02-04 11:30 | short | 76,124.8 | 76,265.6 | 75,632.0 | 18.5 | target | +$3.02 | target | +$0.13 | — |
| 41 | 2026-02-07 07:30 | short | 68,460.0 | 69,050.0 | 66,395.0 | 86.2 | stop | −$1.10 | expiry | −$0.76 | yes |
| 42 | 2026-02-07 23:30 | short | 69,188.1 | 69,399.0 | 68,449.7 | 30.5 | stop | −$1.30 | target | +$0.09 | yes |
| 43 | 2026-02-09 08:00 | short | 70,547.2 | 70,712.6 | 69,968.3 | 23.4 | target | +$3.12 | target | +$0.13 | — |
| 44 | 2026-02-25 06:15 | short | 65,044.9 | 65,219.6 | 64,433.7 | 26.9 | stop | −$1.30 | expiry | −$1.00 | yes |
| 45 | 2026-02-25 23:00 | short | 68,638.6 | 68,872.3 | 67,820.6 | 34.0 | target | +$3.24 | target | +$0.19 | — |
| 46 | 2026-03-03 16:30 | long | 68,008.4 | 67,625.0 | 69,350.1 | 56.4 | stop | −$1.16 | target | +$0.34 | yes |
| 47 | 2026-03-07 03:15 | long | 68,222.6 | 68,114.9 | 68,599.3 | 15.8 | stop | −$1.57 | expiry | −$0.32 | yes |
| 48 | 2026-03-08 23:15 | short | 66,511.1 | 66,976.5 | 64,882.4 | 70.0 | stop | −$1.13 | expiry | −$1.00 | yes |
| 49 | 2026-03-19 07:45 | short | 70,236.4 | 70,571.5 | 69,063.3 | 47.7 | target | +$3.32 | target | +$0.35 | — |
| 50 | 2026-03-19 13:15 | short | 69,460.8 | 69,642.0 | 68,826.6 | 26.1 | stop | −$1.35 | target | +$0.18 | yes |
| 51 | 2026-03-24 18:00 | short | 69,308.1 | 69,485.4 | 68,687.3 | 25.6 | stop | −$1.35 | expiry | −$0.31 | yes |
| 52 | 2026-03-25 16:15 | short | 71,083.6 | 71,266.5 | 70,443.7 | 25.7 | stop | −$1.35 | target | +$0.17 | yes |
| 53 | 2026-04-07 20:30 | long | 69,156.8 | 68,976.5 | 69,787.9 | 26.1 | target | +$3.15 | target | +$0.19 | — |
| 54 | 2026-04-10 16:00 | long | 72,482.4 | 72,220.0 | 73,401.0 | 36.2 | target | +$3.25 | target | +$0.28 | — |
| 55 | 2026-04-11 17:00 | long | 72,956.0 | 72,817.1 | 73,442.1 | 19.0 | target | +$3.03 | target | +$0.14 | — |
| 56 | 2026-04-20 22:00 | short | 76,088.4 | 76,323.9 | 75,264.1 | 31.0 | stop | −$1.34 | target | +$0.21 | yes |
| 57 | 2026-04-22 03:15 | long | 77,377.2 | 77,102.6 | 78,338.5 | 35.5 | target | +$3.24 | target | +$0.27 | — |
| 58 | 2026-04-28 08:00 | short | 76,746.5 | 76,904.5 | 76,193.5 | 20.6 | stop | −$1.44 | target | +$0.15 | yes |
| 59 | 2026-04-29 16:00 | short | 76,071.6 | 76,300.0 | 75,272.0 | 30.0 | target | +$3.20 | target | +$0.23 | — |
| 60 | 2026-05-04 05:00 | long | 80,194.6 | 79,929.9 | 81,121.1 | 33.0 | stop | −$1.27 | target | +$0.25 | yes |
| 61 | 2026-05-04 15:15 | long | 79,719.9 | 79,486.5 | 80,536.6 | 29.3 | stop | −$1.31 | target | +$0.23 | yes |
| 62 | 2026-05-08 14:00 | short | 79,846.0 | 80,100.0 | 78,957.0 | 31.8 | stop | −$1.28 | expiry | −$0.28 | yes |
| 63 | 2026-05-13 16:30 | short | 79,086.5 | 79,288.5 | 78,379.5 | 25.5 | stop | −$1.35 | expiry | −$0.53 | yes |
| 64 | 2026-05-19 02:15 | short | 76,946.2 | 77,097.8 | 76,415.8 | 19.7 | stop | −$1.46 | target | +$0.15 | yes |
| 65 | 2026-05-21 18:00 | long | 77,685.4 | 77,465.8 | 78,453.8 | 28.3 | stop | −$1.32 | expiry | −$1.00 | yes |
| 66 | 2026-05-26 11:00 | long | 77,305.4 | 77,129.3 | 77,921.8 | 22.8 | stop | −$1.39 | target | +$0.18 | yes |
| 67 | 2026-05-26 14:30 | long | 77,037.9 | 76,866.7 | 77,637.1 | 22.2 | stop | −$1.40 | expiry | −$1.00 | yes |
| 68 | 2026-06-14 11:00 | long | 64,458.9 | 64,315.6 | 64,960.4 | 22.2 | stop | −$1.40 | target | +$0.16 | yes |
| 69 | 2026-06-14 22:00 | long | 65,111.8 | 64,652.4 | 66,719.7 | 70.6 | target | +$3.37 | target | +$0.55 | — |
| 70 | 2026-06-15 14:00 | long | 66,353.9 | 66,158.7 | 67,037.3 | 29.4 | target | +$3.19 | target | +$0.22 | — |
| 71 | 2026-06-16 18:15 | long | 65,859.6 | 65,706.0 | 66,397.0 | 23.3 | stop | −$1.39 | target | +$0.17 | yes |
| 72 | 2026-06-22 17:45 | short | 64,541.4 | 64,665.0 | 64,108.8 | 19.2 | stop | −$1.47 | target | +$0.14 | yes |
| 73 | 2026-06-28 21:45 | long | 59,544.4 | 59,444.0 | 59,896.0 | 16.9 | stop | −$1.53 | target | +$0.11 | yes |
| 74 | 2026-07-01 20:45 | short | 60,075.2 | 60,182.8 | 59,698.4 | 17.9 | stop | −$1.50 | target | +$0.12 | yes |
| 75 | 2026-07-03 02:15 | long | 61,428.6 | 61,254.0 | 62,039.5 | 28.4 | target | +$3.16 | target | +$0.21 | — |
| 76 | 2026-07-06 23:45 | long | 64,028.3 | 63,788.7 | 64,866.9 | 37.4 | stop | −$1.27 | expiry | −$0.44 | yes |
| 77 | 2026-07-20 12:30 | long | 64,590.4 | 64,310.5 | 65,570.3 | 43.3 | stop | −$1.21 | target | +$0.35 | yes |
| 78 | 2026-07-23 08:30 | short | 65,594.9 | 65,758.4 | 65,022.4 | 24.9 | target | +$3.14 | target | +$0.19 | — |
| 79 | 2026-08-04 15:15 | long | 63,954.0 | 63,818.9 | 64,426.8 | 21.1 | stop | −$1.43 | target | +$0.16 | yes |
| 80 | 2026-08-25 01:15 | long | 79,451.1 | 79,292.2 | 80,007.5 | 20.0 | target | +$3.05 | target | +$0.14 | — |
| 81 | 2026-08-26 03:15 | long | 78,966.9 | 78,716.7 | 79,842.8 | 31.7 | stop | −$1.28 | target | +$0.23 | yes |
| 82 | 2026-08-26 18:30 | long | 78,282.9 | 78,077.7 | 79,000.9 | 26.2 | target | +$3.15 | target | +$0.20 | — |
ETH — 103 trades
| # | Entry (UTC) | Side | Entry | Stop | Target | Stop bps | Perp | Perp $ | NLF | NLF $ | Wick |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2025-10-06 06:45 | long | 4,554.1 | 4,538.3 | 4,609.6 | 34.8 | stop | −$1.26 | target | +$0.24 | yes |
| 2 | 2025-10-10 06:00 | short | 4,369.5 | 4,389.1 | 4,300.9 | 44.9 | stop | −$1.18 | target | +$0.27 | yes |
| 3 | 2025-10-10 21:45 | short | 3,813.3 | 3,912.1 | 3,467.8 | 258.9 | stop | −$1.04 | expiry | −$1.00 | yes |
| 4 | 2025-11-02 11:30 | short | 3,884.2 | 3,897.4 | 3,838.1 | 33.9 | target | +$3.24 | target | +$0.21 | — |
| 5 | 2025-11-10 02:30 | long | 3,613.5 | 3,590.4 | 3,694.2 | 63.8 | stop | −$1.14 | expiry | −$1.00 | yes |
| 6 | 2025-11-10 10:15 | long | 3,610.3 | 3,604.3 | 3,631.2 | 16.5 | stop | −$1.54 | target | +$0.06 | yes |
| 7 | 2025-11-10 23:45 | long | 3,561.8 | 3,551.2 | 3,598.8 | 29.7 | stop | −$1.30 | target | +$0.18 | yes |
| 8 | 2025-11-16 19:00 | short | 3,078.2 | 3,093.4 | 3,025.0 | 49.4 | stop | −$1.18 | target | +$0.34 | yes |
| 9 | 2025-11-17 14:15 | short | 3,132.5 | 3,154.5 | 3,055.3 | 70.4 | stop | −$1.13 | target | +$0.49 | yes |
| 10 | 2025-11-18 22:00 | short | 3,111.7 | 3,122.5 | 3,073.8 | 34.8 | stop | −$1.26 | target | +$0.21 | yes |
| 11 | 2025-11-20 17:30 | short | 2,839.5 | 2,872.5 | 2,723.9 | 116.3 | stop | −$1.08 | target | +$0.84 | yes |
| 12 | 2025-11-23 13:00 | long | 2,823.3 | 2,812.6 | 2,860.9 | 38.0 | stop | −$1.24 | target | +$0.23 | yes |
| 13 | 2025-11-23 21:00 | long | 2,816.8 | 2,810.9 | 2,837.5 | 20.9 | target | +$3.07 | target | +$0.12 | — |
| 14 | 2025-11-24 02:45 | long | 2,829.0 | 2,802.4 | 2,922.2 | 94.1 | stop | −$1.10 | target | +$0.62 | yes |
| 15 | 2025-11-24 06:00 | long | 2,851.1 | 2,820.7 | 2,957.5 | 106.6 | stop | −$1.09 | target | +$0.73 | yes |
| 16 | 2025-11-24 14:00 | long | 2,807.3 | 2,801.1 | 2,829.0 | 22.1 | stop | −$1.41 | target | +$0.14 | yes |
| 17 | 2025-11-26 16:45 | long | 2,934.7 | 2,925.1 | 2,968.4 | 32.8 | target | +$3.22 | target | +$0.22 | — |
| 18 | 2025-11-27 01:15 | long | 3,027.0 | 3,020.2 | 3,050.7 | 22.4 | target | +$3.10 | target | +$0.13 | — |
| 19 | 2025-12-02 22:00 | short | 2,996.9 | 3,002.8 | 2,976.2 | 19.7 | stop | −$1.46 | expiry | −$1.00 | yes |
| 20 | 2025-12-07 22:30 | short | 3,057.4 | 3,085.2 | 2,960.1 | 91.0 | stop | −$1.09 | expiry | −$1.00 | yes |
| 21 | 2025-12-09 13:30 | long | 3,122.7 | 3,114.9 | 3,149.6 | 24.7 | stop | −$1.36 | target | +$0.16 | yes |
| 22 | 2025-12-10 10:15 | long | 3,330.3 | 3,319.4 | 3,368.5 | 32.7 | stop | −$1.27 | target | +$0.21 | yes |
| 23 | 2025-12-10 21:00 | long | 3,332.0 | 3,319.1 | 3,377.4 | 38.9 | stop | −$1.23 | expiry | −$1.00 | yes |
| 24 | 2025-12-15 14:30 | short | 3,145.2 | 3,155.8 | 3,108.0 | 33.8 | target | +$3.24 | target | +$0.23 | — |
| 25 | 2025-12-17 17:00 | short | 2,867.6 | 2,884.0 | 2,809.8 | 57.5 | target | +$3.35 | target | +$0.40 | — |
| 26 | 2025-12-26 09:45 | short | 2,973.7 | 2,984.9 | 2,934.7 | 37.5 | stop | −$1.24 | target | +$0.25 | yes |
| 27 | 2026-01-05 02:00 | long | 3,193.3 | 3,178.5 | 3,245.1 | 46.4 | stop | −$1.19 | target | +$0.34 | yes |
| 28 | 2026-01-05 16:15 | long | 3,179.2 | 3,161.0 | 3,243.0 | 57.4 | stop | −$1.16 | target | +$0.46 | yes |
| 29 | 2026-01-05 18:15 | long | 3,195.1 | 3,186.1 | 3,226.5 | 28.1 | stop | −$1.32 | target | +$0.21 | yes |
| 30 | 2026-01-06 22:15 | long | 3,267.9 | 3,252.7 | 3,321.1 | 46.5 | stop | −$1.21 | expiry | −$1.00 | yes |
| 31 | 2026-01-08 08:30 | short | 3,135.2 | 3,144.7 | 3,101.8 | 30.4 | target | +$3.21 | target | +$0.23 | — |
| 32 | 2026-01-09 09:15 | short | 3,097.5 | 3,109.4 | 3,056.0 | 38.3 | stop | −$1.24 | target | +$0.29 | yes |
| 33 | 2026-01-21 10:15 | short | 2,964.4 | 2,969.0 | 2,948.1 | 15.6 | stop | −$1.58 | target | +$0.10 | yes |
| 34 | 2026-01-21 19:15 | short | 2,935.3 | 2,961.9 | 2,842.1 | 90.8 | stop | −$1.10 | expiry | −$0.14 | yes |
| 35 | 2026-01-25 09:30 | short | 2,936.3 | 2,941.2 | 2,919.1 | 16.7 | stop | −$1.54 | target | +$0.10 | yes |
| 36 | 2026-01-25 15:00 | short | 2,933.0 | 2,938.6 | 2,913.2 | 19.2 | target | +$3.05 | target | +$0.13 | — |
| 37 | 2026-01-26 04:15 | short | 2,859.0 | 2,866.3 | 2,833.7 | 25.3 | stop | −$1.36 | expiry | −$1.00 | yes |
| 38 | 2026-01-28 12:00 | long | 3,022.6 | 3,014.5 | 3,050.7 | 26.6 | stop | −$1.34 | expiry | −$1.00 | yes |
| 39 | 2026-02-08 22:15 | short | 2,103.9 | 2,109.7 | 2,083.8 | 27.3 | stop | −$1.33 | target | +$0.13 | yes |
| 40 | 2026-02-09 06:45 | short | 2,081.3 | 2,089.5 | 2,052.6 | 39.3 | target | +$3.27 | target | +$0.20 | — |
| 41 | 2026-02-09 21:45 | short | 2,120.4 | 2,126.1 | 2,100.7 | 26.6 | stop | −$1.34 | target | +$0.12 | yes |
| 42 | 2026-02-10 09:00 | short | 2,022.0 | 2,029.0 | 1,997.4 | 34.8 | stop | −$1.26 | target | +$0.17 | yes |
| 43 | 2026-02-11 15:30 | short | 1,931.9 | 1,949.0 | 1,872.0 | 88.6 | stop | −$1.11 | expiry | −$0.22 | yes |
| 44 | 2026-02-19 22:00 | long | 1,944.6 | 1,941.4 | 1,955.8 | 16.4 | stop | −$1.55 | target | +$0.07 | yes |
| 45 | 2026-02-20 10:30 | long | 1,963.5 | 1,958.8 | 1,979.7 | 23.7 | stop | −$1.38 | target | +$0.11 | yes |
| 46 | 2026-02-22 22:00 | long | 1,945.6 | 1,940.0 | 1,965.2 | 28.9 | stop | −$1.30 | expiry | −$0.75 | yes |
| 47 | 2026-02-28 07:30 | short | 1,872.6 | 1,880.0 | 1,846.9 | 39.3 | stop | −$1.23 | target | +$0.20 | yes |
| 48 | 2026-03-07 16:00 | short | 1,977.4 | 1,980.9 | 1,965.2 | 17.6 | stop | −$1.51 | target | +$0.09 | yes |
| 49 | 2026-03-15 22:00 | long | 2,132.8 | 2,128.6 | 2,147.6 | 19.8 | stop | −$1.45 | target | +$0.12 | yes |
| 50 | 2026-03-23 22:45 | short | 2,153.1 | 2,158.8 | 2,133.5 | 26.1 | target | +$3.18 | target | +$0.15 | — |
| 51 | 2026-03-24 14:00 | short | 2,145.4 | 2,160.7 | 2,092.1 | 71.0 | stop | −$1.12 | expiry | +$0.13 | yes |
| 52 | 2026-03-25 12:45 | short | 2,181.0 | 2,190.8 | 2,146.9 | 44.7 | stop | −$1.20 | target | +$0.29 | yes |
| 53 | 2026-03-29 23:00 | short | 1,983.5 | 1,994.4 | 1,945.5 | 54.8 | stop | −$1.17 | expiry | −$1.00 | yes |
| 54 | 2026-04-02 08:00 | long | 2,051.2 | 2,045.8 | 2,070.2 | 26.5 | stop | −$1.34 | target | +$0.17 | yes |
| 55 | 2026-04-02 15:15 | long | 2,051.7 | 2,036.7 | 2,104.1 | 73.0 | horizon | −$0.04 | expiry | −$0.05 | — |
| 56 | 2026-04-10 16:00 | long | 2,228.8 | 2,219.1 | 2,263.0 | 43.8 | target | +$3.27 | target | +$0.30 | — |
| 57 | 2026-04-11 17:15 | long | 2,253.6 | 2,245.7 | 2,281.0 | 34.8 | target | +$3.24 | target | +$0.25 | — |
| 58 | 2026-04-17 13:30 | long | 2,388.9 | 2,365.2 | 2,472.1 | 99.4 | stop | −$1.06 | expiry | −$0.81 | yes |
| 59 | 2026-04-20 06:30 | short | 2,275.2 | 2,282.2 | 2,250.9 | 30.5 | stop | −$1.30 | expiry | −$1.00 | yes |
| 60 | 2026-04-20 23:45 | short | 2,313.9 | 2,318.0 | 2,299.5 | 17.8 | stop | −$1.56 | target | +$0.10 | yes |
| 61 | 2026-04-24 12:45 | long | 2,321.2 | 2,314.7 | 2,343.9 | 27.9 | stop | −$1.32 | expiry | +$0.04 | yes |
| 62 | 2026-04-24 16:00 | long | 2,315.8 | 2,310.8 | 2,333.2 | 21.5 | stop | −$1.42 | target | +$0.12 | yes |
| 63 | 2026-04-27 09:15 | long | 2,315.1 | 2,311.2 | 2,328.4 | 16.5 | stop | −$1.54 | target | +$0.10 | yes |
| 64 | 2026-05-04 15:15 | long | 2,342.3 | 2,338.4 | 2,355.8 | 16.5 | stop | −$1.54 | target | +$0.11 | yes |
| 65 | 2026-05-06 09:15 | long | 2,386.9 | 2,378.7 | 2,415.8 | 34.5 | target | +$3.24 | target | +$0.25 | — |
| 66 | 2026-05-10 18:15 | long | 2,360.5 | 2,353.4 | 2,385.5 | 30.3 | stop | −$1.30 | expiry | −$0.72 | yes |
| 67 | 2026-05-11 19:00 | long | 2,332.6 | 2,326.7 | 2,353.1 | 25.2 | stop | −$1.37 | expiry | −$0.35 | yes |
| 68 | 2026-05-13 16:15 | short | 2,247.7 | 2,252.5 | 2,230.8 | 21.5 | stop | −$1.42 | expiry | −$0.17 | yes |
| 69 | 2026-05-14 04:45 | short | 2,255.8 | 2,260.1 | 2,241.0 | 18.8 | stop | −$1.48 | target | +$0.13 | yes |
| 70 | 2026-05-18 19:00 | short | 2,095.4 | 2,100.0 | 2,079.3 | 21.9 | stop | −$1.41 | expiry | −$0.40 | yes |
| 71 | 2026-05-19 13:30 | short | 2,124.1 | 2,130.9 | 2,100.1 | 32.2 | target | +$3.22 | target | +$0.26 | — |
| 72 | 2026-05-19 23:15 | short | 2,112.4 | 2,116.2 | 2,099.1 | 17.9 | stop | −$1.50 | expiry | −$0.21 | yes |
| 73 | 2026-05-25 20:00 | short | 2,121.8 | 2,125.1 | 2,110.4 | 15.4 | target | +$2.92 | target | +$0.12 | — |
| 74 | 2026-05-26 17:45 | short | 2,071.3 | 2,079.4 | 2,042.7 | 39.4 | stop | −$1.23 | target | +$0.32 | yes |
| 75 | 2026-05-29 19:30 | short | 2,018.8 | 2,024.6 | 1,998.3 | 28.9 | stop | −$1.30 | expiry | −$0.07 | yes |
| 76 | 2026-06-04 02:15 | short | 1,766.6 | 1,781.7 | 1,713.9 | 85.3 | stop | −$1.11 | target | +$0.69 | yes |
| 77 | 2026-06-11 21:00 | short | 1,674.6 | 1,679.2 | 1,658.6 | 27.2 | stop | −$1.33 | target | +$0.17 | yes |
| 78 | 2026-06-18 07:15 | short | 1,739.5 | 1,744.8 | 1,721.0 | 30.5 | stop | −$1.30 | target | +$0.19 | yes |
| 79 | 2026-06-19 03:00 | short | 1,707.4 | 1,711.2 | 1,694.0 | 22.4 | target | +$3.10 | target | +$0.14 | — |
| 80 | 2026-06-29 03:30 | long | 1,580.3 | 1,575.9 | 1,595.8 | 28.0 | stop | −$1.32 | target | +$0.17 | yes |
| 81 | 2026-06-29 10:30 | long | 1,578.3 | 1,575.4 | 1,588.5 | 18.4 | stop | −$1.49 | target | +$0.11 | yes |
| 82 | 2026-07-02 14:15 | long | 1,697.7 | 1,677.5 | 1,768.4 | 119.0 | target | +$3.40 | target | +$0.88 | — |
| 83 | 2026-07-04 18:15 | long | 1,795.3 | 1,789.7 | 1,815.3 | 31.7 | stop | −$1.28 | expiry | −$0.35 | yes |
| 84 | 2026-07-13 08:00 | long | 1,783.1 | 1,777.8 | 1,801.6 | 29.6 | stop | −$1.30 | target | +$0.21 | yes |
| 85 | 2026-07-20 08:30 | long | 1,854.7 | 1,847.8 | 1,878.7 | 37.0 | target | +$3.25 | target | +$0.28 | — |
| 86 | 2026-07-20 18:30 | long | 1,903.2 | 1,896.5 | 1,926.6 | 35.2 | stop | −$1.26 | target | +$0.27 | yes |
| 87 | 2026-07-21 01:00 | long | 1,911.7 | 1,906.2 | 1,930.6 | 28.3 | stop | −$1.32 | target | +$0.20 | yes |
| 88 | 2026-07-28 13:15 | long | 1,886.0 | 1,880.8 | 1,904.2 | 27.6 | stop | −$1.33 | target | +$0.21 | yes |
| 89 | 2026-07-28 17:30 | long | 1,900.0 | 1,886.5 | 1,947.5 | 71.3 | stop | −$1.13 | expiry | −$0.01 | yes |
| 90 | 2026-07-29 18:15 | long | 1,908.7 | 1,899.7 | 1,940.4 | 47.4 | stop | −$1.19 | expiry | −$0.27 | yes |
| 91 | 2026-07-29 23:00 | long | 1,901.7 | 1,897.7 | 1,915.7 | 21.0 | stop | −$1.48 | target | +$0.15 | yes |
| 92 | 2026-07-30 02:30 | long | 1,910.0 | 1,906.0 | 1,923.9 | 20.8 | stop | −$1.43 | target | +$0.14 | yes |
| 93 | 2026-08-05 16:00 | long | 1,874.9 | 1,870.9 | 1,889.1 | 21.5 | target | +$3.08 | target | +$0.16 | — |
| 94 | 2026-08-07 12:30 | long | 1,921.6 | 1,915.6 | 1,942.9 | 31.6 | stop | −$1.28 | expiry | −$0.05 | yes |
| 95 | 2026-08-17 03:15 | long | 1,898.6 | 1,894.7 | 1,912.4 | 20.8 | stop | −$1.46 | target | +$0.16 | yes |
| 96 | 2026-08-17 12:15 | long | 1,901.0 | 1,897.5 | 1,913.6 | 18.9 | stop | −$1.48 | target | +$0.14 | yes |
| 97 | 2026-08-19 13:30 | long | 1,927.4 | 1,921.9 | 1,947.0 | 29.0 | target | +$3.19 | target | +$0.20 | — |
| 98 | 2026-08-24 08:15 | long | 2,445.1 | 2,433.1 | 2,487.3 | 49.3 | target | +$3.32 | target | +$0.33 | — |
| 99 | 2026-08-24 23:45 | long | 2,479.6 | 2,475.5 | 2,494.0 | 16.6 | stop | −$1.58 | target | +$0.09 | yes |
| 100 | 2026-08-28 07:00 | long | 2,498.3 | 2,492.1 | 2,520.0 | 24.9 | stop | −$1.38 | target | +$0.14 | yes |
| 101 | 2026-08-28 12:00 | long | 2,499.2 | 2,492.4 | 2,522.9 | 27.1 | target | +$3.17 | target | +$0.17 | — |
| 102 | 2026-08-28 23:15 | long | 2,437.1 | 2,432.3 | 2,453.8 | 19.5 | stop | −$1.47 | target | +$0.08 | yes |
| 103 | 2026-09-02 14:30 | long | 2,392.7 | 2,378.5 | 2,442.3 | 59.3 | stop | −$1.15 | target | +$0.39 | yes |