Simple backtest for Bears Bulls Impulse found here:
What this backtest includes:
-Customization of inputs for Aroon calculation
-Take profit 1 (TP1), and Stop-loss (SL), calculated using standard RMA-smoothed true range
-Activation of TP1 after entry candle closes
-Long and short signal cross entries
-Continuation long and shorts entries calculated by lagged...
Many technical indicators can be profitable in certain market conditions while failing in others. No indicator is perfect alone.
All the best trading strategies involve multiple indicators and leverage the benefit of each of them. The following is an optimised strategy based on Bollinger Bands and the Aroon indicator.
The Bollinger Bands are among the most...