Just finished backtesting a new variation of my Magic Hours model on $ES.
2026 โ 206 Trades
Results ๐
+115R
65.2% win rate
-6R max drawdown
The model:
2am, 5am, 6am and 7am NY EST Hourly Ranges
- Price deviates beyond the range
- 5min candle closes back inside
- Limit order at the range high/low
- Stop loss at the 50% extension of the range
- Target 75% of the range (1.5R)
I tested both 65% and 75% range targets.
75% produced better results. ๐
People always ask me, so I will break down a few trade examples in the thread below.