This unique trading system uses 5 separate indicators, taking into account market phases, and trend continuation strategies; it gets you into the market at places of value in an attempt to capture profits on trend continuations.
In addition to reviewing the indicators, providing exact entry rules, defining the take profit and stop loss levels, testing it for 100 consecutive setups, reviewing the results, discussing the equity curve, and scoring the system on a scale of 1 to 10, I also share my 6 optimization tips that you can try in your own trading system development. Do not neglect back and forward testing, that is critical.
00:00 - Start
00:36 - Indicators
02:15 - Long Examples
04:11 - Short Examples
06:05 - Testing Results & Equity Curve
07:21 - Trader’s Landing Score
07:45 - Optimization
⚙️ System Specifics ⚙️
Name: Exponential Moving Average (EMA)
Inputs: Length: 200
Style: White
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
Name: Exponential Moving Average (EMA)
Inputs: Length: 50
Style: Orange
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
Name: SuperTrend
Inputs: Default
Style: Default
By: KivancOzbilgic
Link: https://www.tradingview.com/script/P5Gu6F8k/
Name: ATR Bands
Inputs: ATR Multiplier Upper & Lower: 3
Style: Blue
By: AlexanderTeaH
Link: https://www.tradingview.com/script/uTetNB3s-ATR-Bands/
Name: Chaikin Money Flow (CMF)
Inputs: Default
Style: Line: Yellow
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000501974-chaikin-money-flow-cmf/
For Longs: 3X ATR of trigger candle, placed below trigger candle.
For Shorts: 3X ATR of trigger candle, placed above trigger candle
⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.