I found an interesting trading system that is worth testing. Bollinger band red (50,2) BB yellow (50,3) BB dark orange (50,4) RSI(7) Stochastic (14,3,3) EMA100 white EMA200 lime Buy: Wait for the price to break the lower red BB, RSI less than 30, stoch less than 20. If the price goes back towards the red line, RSI > 30, and stoch reaches or exceeds 40, we open a long position after the candle closes. SL: the lower BB in yellow or dark orange, depending on your risk tolerance. TP: the midline of the BB (50SMA) or the upper red BB Sell: Wait for the...
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Thanks for this strategy, just want to start testing it pls what is the work of the Ema 100 and 200 the white and lime color
I recently used ChatGPT to write an expert advisor that follows a similar strategy. It’s generally profitable, but it’s difficult to optimize because the forward tests don’t turn out well. Although the optimization period looks pretty good. Simply put, this system is worth considering and is capable of generating profits, but finding the optimal trading parameters will be challenging.
