This is an RSI Swing Trading System roughly translated from backtestwizard.com . It uses ATR for profit target & stops. It uses a 26 week EMA filter to go long.
With this indicator, which plots the swing chart of the 3 degrees, swing traders can automate their work of tracking the right bars. How it works: Minor Degree (one bar) (gray)= If the current high is higher than the previous high or the current low is lower than the previous low. Intermediate Degree (two bar) (baby blue)= If the current high is higher...
This is a simple swing trading algorithm that uses a fast RSI-EMA to trigger buy/cover signals and a slow RSI-EMA to trigger sell/short signals for SPY, an xchange-traded fund for the S&P 500. The idea behind this strategy follows the premise that most profitable momentum trades usually occur during periods when price is trending up or down. Periods of flat price...
ATTENTION: This is a symmetrical algorithm designed only for trading EUR/USD on the 1h time frame. For other currency pairs and time frames, you need to re-calibrate the RSI-EMAs as well as the profit targets and stop losses. BACKTEST CONDITIONS: Initial equity = $100,000 (no leverage) Order size = 100% of equity Pyramiding = disabled TRADING RULES: Long...
This indicator will help you if you struggle making any profit in bitcoin. It generates very few signals with very nice profit potential ( around 100% this year ! ). Perfect tool for longterm swing traders and new traders that need help figuring out the midterm trend. Use it with these parameters only: weekly: 13, 5, 12 daily: 92, 21, 96