Go Long price ABOVE 50 SMA
Go Short price BELOW 50 SMA
Trend = 50 SMA up or down
Setups with the trend: Flags, Pennants, Dojis, hammers, inside bars, Triangles, Big UP/Down Bars, Pullbacks, Buy High Sell Higher - Momentum.
I'll explain more on all charts I upload.
Stop Loss: 1 pip more than Swing High, Swing Low, sometimes I take less less...
TP Fixed: I try for 1.8xto2x leaves me with 1.5x costs.
Hit Rate 46% to 50%, best month 59%
Risk:Return 1:1.5
Money Management: Half a Kelly Criterion, more about that here https://www.albionresearch.com/kelly/default.php
I don't trade every day, I wait for a good one (Trend), always late to the party...
Tuesday 18th August:
Go Short price BELOW 50 SMA
Trend = 50 SMA up or down
Setups with the trend: Flags, Pennants, Dojis, hammers, inside bars, Triangles, Big UP/Down Bars, Pullbacks, Buy High Sell Higher - Momentum.
I'll explain more on all charts I upload.
Stop Loss: 1 pip more than Swing High, Swing Low, sometimes I take less less...
TP Fixed: I try for 1.8xto2x leaves me with 1.5x costs.
Hit Rate 46% to 50%, best month 59%
Risk:Return 1:1.5
Money Management: Half a Kelly Criterion, more about that here https://www.albionresearch.com/kelly/default.php
I don't trade every day, I wait for a good one (Trend), always late to the party...
Tuesday 18th August:
Attached Image
BTC/USD Trend Following EA Beta Testing All Time Return:
66.6%