Breakout Trade Update: Long BTCUSD

Long at 9642.4 on the 24/07/20
Move Stop Loss to from 9674.8 to 9944.9.
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Legend:
DC(10) Up := Donchian Channels upper band (10 length).
DC(4) Low := Donchian Channels lower band (4 length).
IntStp(7%) := Initial Stop Loss set at 7% below entry price.
PFZone := Exit/profit taking indicator (green diamond).

Entry Rules:
1. Place a Buy Stop at the DC(10) Up Price.
2. If buy stop is filled, place the IntStp(7%).
3. However, if orders are not filled, cancel orders at the end of the trading session at 24:00 UTC+0.

Exit Rules:
1. At 00:00 UTC+0, if the DC(4) Low is higher then the IntStp(7%), than adjust stop loss to the DC(4) Low price.
2. However, If IntStp(7%) is above the DC(4) Low, then use the IntStp(7%).
3. If the PFZone has been triggered then exit at open on market at 00:00 UTC+0.

Notes:
The Profit Zone is a proprietary indicator designed to improve the performance as an alternative exit rule.
However, the strategy is a stand-alone system and does not require the profit zone indicator.

Backtest results without the PFZone indicator:
https://tinyurl.com/yxcdm6yq
https://tinyurl.com/y5m8nffo

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