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TrendTradingProfits
Jun 30, 2018 4:02 AM

100% Systematic Trend Trading: Waiting for breakout on BNBUSD Long

Binance Coin / US DollarBinance

Description


Our approach:
- 100% Systematic Trend Following Trading
- Fully agnostic
- % Risk based position sizing

Coverage (all signals based on the below underlyings vs. USD):
BTC
BNB
XVG
TRX
XEM
IOT
LTC
BCH
XRP
XMR
NEO
OMG
ZEC
ETH
ETC
XLM

Buy Signal:
Closing price "above" 30 day high. Then buy the position on the following morning

Calculate Initial Stop Loss:
Closing price (of the day where the closing price was above the 30 Day High) - xx ATR (of the same day)

Dynamic ATR Stop Loss Adjustments based on Profit Targets hit for the open position:
3 ATR (If open profit, based on a closing price never surpassed 39.99%)
2 ATR (If open profit once hit 40% based on closing price)
1 ATR (If open profit once hit 150% based on closing price)

Order cancelled

Trade closed: stop reached

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