Dynamic Momentum Breakout Strategy

Hello everyone,

I have been playing with different strategy ideas and suggestions that come through the Trade View X platform.

One of the most recent is the "Dynamic Momentum Breakout".


Technical Indicators:

MACD: To identify the overall market trend.
RSI: To confirm potential overbought or oversold conditions.
Bollinger Bands: To measure price volatility.


The following picture is how I have copied the strategy from the guys and created it using the blocks as code


And this is a back test over the past 12 months.

Stats:

Total Return: 33%
Draw down: 11%
Win Rate: 70%






I really enjoy sharing these ideas with the community as its such a step up from manual trading and there are so many more improvements that can be made to these simple systems.

As an example this only has a 50 point TP and SL, it has not been optimised for any indicators or settings.

I will do some extra testing and optimising to find some more settings that might yield even better results.

This is what the entry itself looks like.



Happy trading everyone and look forward to any comments or suggestions on what I could add into this model to progress it to the next level

Hi Ivy!

Thanks for sharing! If possible, could you please drop a link where this strategy is described with the rules?

I've been doing some further testing and made a little portfolio of symbols working together over the past 12 months.

Still with very general base settings.

Exciting times.

Hi Artem,

I have been getting all my ideas from here, they explain the rules and show you how to build the algos in the videos on their site.

https://www.tradeview.com.au/algo-tr...ntum-breakout/

Mostly I copy & paste a few different ideas from the templates and join them together into a big idea.

I have done a very similar thing with the Copy & Pasting of these ideas inside this forex factory thread as well.

https://www.forexfactory.com/thread/...5#post14593175

By combing multiple ideas together my trade history looks like this,
more trades than I ever thought possible

Thank you! I will take a look during the week and get back to you with some ideas for improvements

Have a great rest of the week!

Artem

Thanks Artem.

Any suggestions from anyone would be nice. Even the smallest of ideas can be the biggest change.

Hi Icy,

Check PM - I've just sent you one idea regarding exits.

Legend!

Thank you for the suggestions, I will see if they can be implemented and post the results

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Hello everyone

I think adding volumes in this strategy could be a plus to make the signals more relevant, what do you think ?