Rob Hoffman is a world-famous trader who has won 30 trading competitions all over the world. I take his subjective strategy and turn it into a repeatable rules-based complete trading system that yields phenomenal results.
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
00:45 - Indicators
01:37 - Long Examples
03:21 - Short Examples
04:53 - Results, Equity Curve, Score
06:24 - Optimization
⚙️ System Specifics ⚙️
📛 System Name: Simple Hoffman Retracement
🏆 Trader’s Landing Score: 8
🎹 Instrument: Bitcoin vs. US Dollar (BTC/USD)
⌛ Time Frame: 15-Minute (M15)
👀 TradingView Indicators
Name: Rob Hoffman's Inventory Retracement Bar
Inputs: Default
Style: Default
By: UCSgears
Link: https://www.tradingview.com/script/VNByUGpE-Rob-Hoffman-s-Inventory-Retracement-Bar-by-UCSgears/
Name: Rob Hoffman - Overlay Set
Inputs: Default
Style: Remove: Fast Speed Line, Slow Primary Line, Trend Line - 4, No Trend Zone Lowerline. Set to white: Trend Line - 1, Trend Line - 2, Trend Line - 3.
By: UCSgears
Link: https://www.tradingview.com/script/al4ABhwU-Rob-Hoffman-Overlay-Set/
☝️ Long Entry
👇 Short Entry
🔥 Risk to Reward: 1:1.5
🛑 Where to place stop-loss:
For Longs: Slow speed line, unless trigger candle touches it, then fast primary trend line.
For Shorts:
🚀 Where to take profits: 1.5 times risk.
Other Inventory Retracement System Info:
Online Trading Signals https://youtu.be/r5fE3JhkdGI
Trade Pro: https://youtu.be/9kOCpkC-PFQ
Rob Hoffman’s website: https://www.robhoffmantrader.com/
⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.
