What This is a plain and vanilla reversal based strategy for intraday (15m) timeframe on Futures prices of the assets. Now what all it comprises of? It finds out the dynamic support & resistance from Bollinger Band (20 period, 1.5 std dev). It finds out the potential divergence of price deviation from 5 period exponential moving average (EMA). If the...
This strategy is commonly used both in forex and stock markets for reversal trading. when the rsi line reaches and crosses simultaneously at 3 rsi setups i.e at 7, 14, and 21, a signal is generated. This strategy works best in 1-hour timeframe. It provides over 60 to 80 percent accuracy in 1-hour timeframe. In the stock market, this strategy provides an...
I discovered this mechanical trading system titled "This Algo Strategy Has Only 3 rules and 62% Win Rate". I coded the trading system on Tradingview...and now I am introducing it to you guys. I modified the system so that it has both buy & sell signals. I've tested it repeatedly in different markets on TV including stocks, currency pairs, bitcoin, and...