NY First Candle Break and Retest

NY First Candle Break and Retest at a glance

Kind of rule	Time of day (session and opening range)
Buys or sells	It can buy, and it can bet on falling prices.
Built on	ATR, EMA, SMA, VWAP
Where it was published	TradingView, by its author, as a Pine Script strategy
Tested on	68 cells: 15 coins, October 2021 to June 2026, no fee
Cells that placed a trade	40 of 68
Middle result before fees	−27.4%
Cells above zero	3 of 40
Middle drawdown before fees	30.7%
Page updated	2026-11-08

NY First Candle Break and Retest backtest results, every cell

Every cell is in the picture, not only the strongest. To the right of the black line is above zero. The orange line, when you see one, is the middle.

How NY First Candle Break and Retest works

Rules in this group usually work like this. It only acts during set hours, such as the London or New York morning. Crypto never closes, so those hours are a choice, not a fact of the market. The question is whether those hours behave the same way on more than one coin. The next paragraph is this particular rule, which can be narrower than the group.

It can buy, and it can bet on falling prices. It acts only when several checks agree at once. It leans on ATR, EMA, SMA, VWAP; those names are explained on their own pages, further down. The exact line is in the list below, in the author's names, and you can skip that list. When it enters, it also sets a stop or a target, so a trade can close without a new signal.

Each trade uses 90 percent of the account. It holds one trade at a time.

The exact condition, from the code

Same rule, translated from the code, in the author's names. You can skip this list if the paragraph above was enough.

• Enters long when is new york session and high retest zone and the close is above first candle high and (not (Use EMA Filter (on)) or the close is above EMA) and (not (Use VWAP (on)) or the close is above (VWAP when Use VWAP (on), else undefined)) and volume confirmation and no long position is open.
• Enters short when is new york session and low retest zone and the close is below first candle low and (not (Use EMA Filter (on)) or the close is below EMA) and (not (Use VWAP (on)) or the close is below (VWAP when Use VWAP (on), else undefined)) and volume confirmation and no short position is open.
• Places a target at (the close + (((the close − long stop) × Reward-to-Risk Ratio (1.5)) × (TP1 Percentage (33) / 100))), a stop at (the low − (the 14-period ATR × ATR Multiplier for Stop Loss (1.2))) when Use Multiple Take Profits (on) and a long position is open.
• Places a target at (the close + (((the close − long stop) × Reward-to-Risk Ratio (1.5)) × (TP2 Percentage (67) / 100))), a stop at (the low − (the 14-period ATR × ATR Multiplier for Stop Loss (1.2))) when Use Multiple Take Profits (on) and a long position is open.
• Places a target at (the close + (((the close − long stop) × Reward-to-Risk Ratio (1.5)) × (TP3 Percentage (100) / 100))), a stop at (the low − (the 14-period ATR × ATR Multiplier for Stop Loss (1.2))) when Use Multiple Take Profits (on) and a long position is open.
• Places a target at (the close − (((short stop − the close) × Reward-to-Risk Ratio (1.5)) × (TP1 Percentage (33) / 100))), a stop at (the high + (the 14-period ATR × ATR Multiplier for Stop Loss (1.2))) when Use Multiple Take Profits (on) and a short position is open.

Buys or sells	It can buy, and it can bet on falling prices.
Tools it calculates	ATR, EMA, SMA, VWAP
A second chart speed	No. It uses one chart speed only.
Only at certain hours	No.
Adding to a trade	It holds one trade at a time.
How much it trades	Each trade uses 90 percent of the account.
Cost the author assumed	The author assumed a trading cost of 0.01 percent per side.

Default settings

The test used the defaults in the middle column. Nothing was turned to help a coin.

Setting	Default	Group
NY Session Start Hour	9	Session Settings
NY Session Start Minute	30	Session Settings
Session Length (Hours)	4	Session Settings
ATR Period	14	Risk Management
ATR Multiplier for Stop Loss	1.2	Risk Management
Reward-to-Risk Ratio	1.5	Risk Management
Minimum Break Size (% of ATR)	0.15	Break Settings
Retest Threshold (% of ATR)	0.25	Break Settings
Min Candles Between Break & Retest	2	Break Settings
Max Candles Between Break & Retest	25	Break Settings
Use EMA Filter	on	Indicators
EMA Length	13	Indicators
Use VWAP	on	Indicators
Use Volume Confirmation	on	Indicators
Volume Threshold	1.2	Indicators
Enable Trailing Stop	on	Trade Management
Trailing Stop Activation (% of Target)	0.6	Trade Management
Trailing Stop Amount (% of ATR)	0.4	Trade Management
Use Multiple Take Profits	on	Trade Management
TP1 Percentage	33	Trade Management
TP2 Percentage	67	Trade Management
TP3 Percentage	100	Trade Management
Session Start/End Alerts	on	Alerts
First Candle Alerts	on	Alerts

and 5 more settings, left at the author's defaults.

How the backtest was run

Every strategy was tried the same way, on the settings the author published.

The years are October 2021 to June 2026. The prices are from Bybit, for 13 widely traded coins, mostly on hourly, 4-hour and daily charts, with some faster charts. That was 47,242 tries. The window stored in the files is 2021-09..2026-06.

599 rules produced a finished try. A rule that finished above zero on at least 12 cells, before any fee, was tried again with a fee of 0.12 percent per side. Only buys are counted in that second try. 273 rules got it.

The method, the aggregate results and a downloadable table are on the study page. What the desk does with the results beyond these pages is its own.

Before any fee, it was tried on 68 cells. It placed a trade on 40 of them. 3 of the cells that traded finished above zero (7.5%).

It was not run a second time with a fee. That second pass happens only when at least 12 cells finished above zero before fees. 273 rules got that pass.

Cells tried	68
Cells that placed a trade	40
Finished above zero	3 (7.5% of the cells that traded)
Middle result, before fees	−27.4%
Strongest cell, the top of the range	BTC hourly: +15.7%
Weakest cell, the bottom of the range	ADA 15-minute: −98.1%
Middle drawdown, before fees	30.7%

Label: backtest · old prices, zero commission · Oct 2021 – Jun 2026. Hypothetical results; see the risk disclosure.

How to read the result

How to read the number

The median of every cell that traded is the result. No fee has been taken off, so the number is a ceiling. A fee comes off each trade, and this page does not guess that cost, because this rule did not get the second pass where the fee is applied. The weakest and the strongest cells are not a result on their own.

The middle drawdown, on the cells that traded, was 30.7%.

What this does not show

The useful question is whether the same hours work on other coins. Crypto has no closing bell, so the hour is a choice.

Nothing on this page was fit to the cell that finished highest. One coin, one chart speed, or one strong stretch is a single row. It is not the rule. Other years, another exchange, or another fee would be a different measurement.

Questions about NY First Candle Break and Retest

Words used on this page

Backtest

The rule was tried on old prices. No real money moved.

Cell

One coin on one chart speed. Bitcoin every 4 hours is one cell. Bitcoin once a day is another.

Chart speed

How often a new price bar is drawn. 15m means every 15 minutes, 1h means hourly, 4h means every 4 hours, 1D means once a day.

Fee, per side

A cost taken each time the rule trades. Per side means once on the way in and once on the way out.

Median

Line the cells up from the biggest loss to the biggest gain. The median is the middle one. Half the cells did better and half did worse.

Drawdown

The deepest fall from a high point along the way, as a percent of the account at that high.

Above zero

The account finished with more than it started.

The indicators NY First Candle Break and Retest uses

Each has its own page: what it measures, how it is read, where it misleads.

• ATR (average true range): the volatility number behind most stops
• Exponential moving average (EMA): what it measures and where it misleads
• Simple moving average (SMA): the plainest average, and why it still runs half the strategies
• VWAP: the volume-weighted average price, and why its anchor is the whole question

"NY First Candle Break and Retest" was published on TradingView by its author, under the author's own license. This page is an independent reading of those rules and of what they did on these old prices. It is not written with the author, and it is not a recommendation. Not every detail survives the translation onto this page, so read the original before you rely on it.