Decided to relook the strategy and redo the strategy validation by run a manual backtest from 15 March to 18 April where the regime changes from bullish to a bearish range on the D1 chart.
I am aware that once the regime changes and need to revert back to the original Long strategy
New Observation The pull backs still happen but they rise and stall into a range before falling. Because of the nature of the range there are opportunities for us to take tight stops to limit risk and still have clear TP at the next S/R lines
Entry
Step 0: Identify Regime - Is the D1 still below the 20 SMA
Step 1: Identify Period of indecisiveness
Step 2: Bullish price shoot up
Step 3: Mark Limit entry and SL
- Go trade: Risk Reward ratio no lower than 2
- Bad trade: Risk Reward ratio <2
Depending on patterns I will adjust the bet size accordingly
Hello Mr. Donkulous! Might I say sir you look very lovely in the mornings, but as the day goes on the tired trading gives it's speen. Take that into careful consideration my friend and God lunch as always.
MyCryptoParadise_Simon
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Great effort but things didn't go as planned. Halving volatility at its peak