Market Replay finds this type of crossover to be profitable 66% of the time since April 1, 2021 - despite rigid, rules-based order management. Why can't I upload code here? Pine Script...hmmm....something new to learn I guess. A discretionary approach could be better - or worse depending on your skills. Of the 4 trades I've posted using this system on /ES (linked below), 3 were profitable, and one would have been even more profitable but for a missed entry. My results for BTC and Gold have been more mixed. The one FOREX trade I attempted on the daily version of this system was successful ( NOK /USD).
In general, rules for closing this trade:
1. Price moves above the 2 STDV Upper BB and a price substitute (a 2 period line) re crosses downwards (take profits)
2. Price falls below the 2 STDV Lower BB.
3. Price crosses to the upside of the 1 STDV BB and the 10-period Regression line tries to re cross to the downside.
4. The 10 period regression line crosses below the 30 period regression line.
Upside target: 4370. How did we determine this?
The test of 4280 this morning expanded the 2 STDV , so the upper band is around 4370. This should be the current upside of any move before a pause (to move higher) or a drop.
a 37 point zipper