In this installment I take the system featured in a very popular YouTube video posted on the Rayner Teo channel and test it for 100 trades. The results may surprise you.
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
00:54 - Indicators
01:57 - Long Examples
03:25 - Results, Equity Curve, Score
04:42 - Optimization
⚙️ System Specifics ⚙️
📛 System Name: The Rayner Regurgitation
🏆 Trader’s Landing Score:
🎹 Instrument: S&P 500 Index
⌛ Time Frame: 1-Day (D1)
👀 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: Relative Strength Index (RSI)
Inputs: Length 14
Style: RSI Line = 0, RSI Upper Band = 40, RSI Lower Band - 30
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000502338-relative-strength-index-rsi/
☝️ Long Entry
👇 Short Entry - none
🔥 Risk to Reward: Dynamic
🛑 Where to place stop-loss:
For Longs: Previous swing low
For Shorts: Does not apply
🚀 Where to take profits: RSI above 40, or after 10 trading days.
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Original Rayner Teo Video: https://www.youtube.com/watch?v=W8ENIXvcGlQ
⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.
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: Surprise in the backyard.
