Hello,
this thread is intended for a project i am working on.
The goal is to create a profitable trading system using ATR indicator along with retail sentiment. Risk will always be 2% of total account balance. Stop loss will be based solely on 1.5x ATR.
I've taken one trade using this method which earned 3%. Below is the second trade based on Retail market sentiment being net long. The thought is to wait until retail traders saturate one side or the other before placing a trade- anticipating their move in the opposite direction.
Constructive criticism is welcome.
this thread is intended for a project i am working on.
The goal is to create a profitable trading system using ATR indicator along with retail sentiment. Risk will always be 2% of total account balance. Stop loss will be based solely on 1.5x ATR.
I've taken one trade using this method which earned 3%. Below is the second trade based on Retail market sentiment being net long. The thought is to wait until retail traders saturate one side or the other before placing a trade- anticipating their move in the opposite direction.
Constructive criticism is welcome.
Be your own bank.