This trading system captures profitable market movements by identifying and confirming breakouts. By using indicators that work in conjunction with each other, making profits becomes a matter of thinking in probabilities.
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
00:59 - Indicators
03:51 - Examples
07:05 - Results, Equity Curve, Score
08:12 - Optimization
⚙️ System Specifics ⚙️
📛 System Name: Breakout & Pivot
🏆 Trader’s Landing Score: 8
🎹 Instrument: AMC, BABA, COST, F, INTC, MARA, TSLA, ZM
⌛ Time Frame: H1
👀 TradingView Indicators
Links to indicators located here: https://traderslanding.net/indicators/
Name: Double Exponential Moving Average (DEMA)
Inputs: 200
Style: White
By: TradingView Built-In
Name: Stochastic RSI
Inputs: Default
Style: Default
By: TradingView Built-In
Name: ATR Bands
Inputs: 3 times ATR.
Style: White
By: AlexanderTeaH
Name: BreakoutFinder
Inputs: Default
Style: Default
By: LonesomeTheBlue
Name: Volume Spread for VSA
Inputs: Default
Style: Default
By: HariprasathGopal
☝️ Long Entry
👇 Short Entry
🔥 Risk to Reward: 1:4
🛑 Where to place stop-loss:
For Longs: 3X ATR value of the trigger candle.
For Shorts: 3X ATR value of the trigger candle.
🚀 Where to take profits: 1:4
The video for the Easy Breakout System: https://youtu.be/O90KOeL9JDA
⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.