I've been working on a trading strategy for awhile now and I found one that looks promising and may very well be the one I've been working toward. I would like someone to use it as well, possibly tweaking the settings a bit or timeframe and let me know how the results turned out. This gave me a 86% winning % (43W / 7L) and an average Risk vs Reward Ratio of 1.00 : 1.57 (lots, not ATR) with 50 consecutive trades. These securities were tested.
XAUUSD
NDX100
US30
SP500
EURGBP
USDJPY
EURUSD
GBPUSD
Strategy: The 4 Point Cross
Time Frame: 15M
US30
SP500
Setup
Japanese Candlesticks
15M Chart
Indicators
1.) Double RSI (7/21)
2.) MACD (24,52,18)
3.) EMA Cross (9,21)
4.) Pivot Supertrend ( PP Period 1; ATR Factor: 2, ATR Period 10)
5.) 200 EMA for Trend
6.) Volume (30 with MA)
There are so many buy / sell signals with this though that you really need to discern which is best for you. Here are my Long / Short trade parameters
Long
1.) Price should be above the 200 EMA
2.) The 7 RSI crosses completely over the 21 RSI
3.) The 9MA crosses completely over the 21 MA
4.) Supertrend Buy Signal on the same candle is the crossings or a maximum of two candles back or forward of the cross signal
5.) MACD , RSI and EMA crossing at the same time (IDEAL)
Let me know, thanks!
XAUUSD
NDX100
US30
SP500
EURGBP
USDJPY
EURUSD
GBPUSD
Strategy: The 4 Point Cross
Time Frame: 15M
US30
SP500
Setup
Japanese Candlesticks
15M Chart
Indicators
1.) Double RSI (7/21)
2.) MACD (24,52,18)
3.) EMA Cross (9,21)
4.) Pivot Supertrend ( PP Period 1; ATR Factor: 2, ATR Period 10)
5.) 200 EMA for Trend
6.) Volume (30 with MA)
There are so many buy / sell signals with this though that you really need to discern which is best for you. Here are my Long / Short trade parameters
Long
1.) Price should be above the 200 EMA
2.) The 7 RSI crosses completely over the 21 RSI
3.) The 9MA crosses completely over the 21 MA
4.) Supertrend Buy Signal on the same candle is the crossings or a maximum of two candles back or forward of the cross signal
5.) MACD , RSI and EMA crossing at the same time (IDEAL)
Let me know, thanks!