I go over a somewhat subjective but very profitable trading system that utilizes 2 indicators and price action. In addition, I give 6 optimization tips that can make this system more virstiatle.
The system I developed is from the concepts shown in a video from the Secret Mindset channel.
⏱️ Timestamps ⏱️
00:00 - Start
00:56 - Indicators
01:53 - Long Examples
03:35 - Short Examples
05:17 - Testing Results & Equity Curve
06:46 - Trader’s Landing Score
07:03 - Optimization
⚙️ System Specifics ⚙️
📛 System Name: ABC to MACD
🎹 Instrument: Bitcoin vs. US Dollar (BTC/USD)
⌛ Time Frame: 5-Minute (M5)
🏆 Trader’s Landing Score: 7
👀 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: MACD (Moving Average Convergence/Divergence)
Inputs: Default
Style: Remove - MACD & Signal Lines
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000502344-macd-moving-average-convergence-divergence/
☝️ Long Entry
👇 Short Entry
🔥 Risk to Reward: Proportional to the length of the A:B legs.
🛑 Where to place stop-loss:
For Longs: Below the B leg.
For Shorts: Above the B leg.
🚀 Where to take profits: 2:1, when 1:1 is hit move stop to break even.
⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice. Seek a licensed professional for investment advice.