In this system, I go over a simple and complete trading system that has been proven profitable for 100 trades. This strategy utilizes a breakout strategy and a high risk vs. reward ratio accompanied with a free custom indicator.
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.
⏱️ Timestamps ⏱️
00:00 - Start
00:46 - Indicators
02:20 - Long Examples
03:45 - Short Examples
05:00 - Testing Results & Equity Curve
06:12 - Trader’s Landing Score
06:30 - Optimization
⚙️ System Specifics ⚙️
📛 System Name: The Easy Breakout
🏆 Trader’s Landing Score: 7
🎹 Instrument: Bitcoin vs. US Dollar (BTC/USD), Contracts for Difference (CFD)
⌛ Time Frame: 1-Hour (H1)
👀 TradingView Indicators
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: Breakout Finder
Inputs: Default
Style: Uncheck Lines
By: LonesomeTheBlue
Link: https://www.tradingview.com/script/EvkXjgyw-Breakout-Finder/
Name: ATR Bands
Inputs: Upper Band: 2, Lower Band 2
Style: White
By: AlexanderTeaH
Link: https://www.tradingview.com/script/uTetNB3s-ATR-Bands/
☝️ Long Entry
👇 Short Entry
🔥 Risk to Reward: 1:3
🛑 Where to place stop-loss:
For Longs: ATR band below trigger candle.
For Shorts: ATR band above trigger candle.
🚀 Where to take profits: 1:3
Metatags
Attribution
Licensed under creative commons license:
Instant Regret-Try Not To Laugh|Funny Fails Compilation #4
https://www.youtube.com/watch?v=Piso9_hFbOA
Clip description: Man on bull/cow
