Hello everyone,
I have been playing with different strategy ideas and suggestions that come through the Trade View X platform.
One of the most recent is the "Dynamic Momentum Breakout".
Technical Indicators:
MACD: To identify the overall market trend.
RSI: To confirm potential overbought or oversold conditions.
Bollinger Bands: To measure price volatility.
The following picture is how I have copied the strategy from the guys and created it using the blocks as code
And this is a back test over the past 12 months.
Stats:
Total Return: 33%
Draw down: 11%
Win Rate: 70%
I really enjoy sharing these ideas with the community as its such a step up from manual trading and there are so many more improvements that can be made to these simple systems.
As an example this only has a 50 point TP and SL, it has not been optimised for any indicators or settings.
I will do some extra testing and optimising to find some more settings that might yield even better results.
This is what the entry itself looks like.
Happy trading everyone and look forward to any comments or suggestions on what I could add into this model to progress it to the next level
I have been playing with different strategy ideas and suggestions that come through the Trade View X platform.
One of the most recent is the "Dynamic Momentum Breakout".
Technical Indicators:
MACD: To identify the overall market trend.
RSI: To confirm potential overbought or oversold conditions.
Bollinger Bands: To measure price volatility.
The following picture is how I have copied the strategy from the guys and created it using the blocks as code
And this is a back test over the past 12 months.
Stats:
Total Return: 33%
Draw down: 11%
Win Rate: 70%
I really enjoy sharing these ideas with the community as its such a step up from manual trading and there are so many more improvements that can be made to these simple systems.
As an example this only has a 50 point TP and SL, it has not been optimised for any indicators or settings.
I will do some extra testing and optimising to find some more settings that might yield even better results.
This is what the entry itself looks like.
Happy trading everyone and look forward to any comments or suggestions on what I could add into this model to progress it to the next level