quanttraderX
Long

Breakout Trade Update: Long ETF-QLD

AMEX:QLD   PROSHARES TRUST
48 views
9
Long at 169.71 on the 31/07/20
Move Stop Loss to from 156.13 to 158.11, DC(6) above IntStp(8%).
-----------------------------------------------------------------------------------------------------------------------------------------------
Legend:
DC(5) Up := Donchian Channels upper band (5 length).
DC(6) Low := Donchian Channels lower band (6 length).
IntStp(8%) := Initial Stop Loss set at 8% below entry price.
PFZone := Exit/profit taking indicator (green diamond).

Entry Rules:
1. Place a Buy Stop at the DC(5) Up Price.
2. If buy stop is filled, place the IntStp(8%).
3. However, if orders are not filled, cancel orders at the end of the trading session.

Exit Rules:
1. At the close of the trading session, if the DC(6) Low is above IntStp(8%), than adjust stop loss to the DC(6) Low price.
2. However, If IntStp(8%) is above the DC(6) Low, then use the IntStp(8%).
3. If the PFZone has been triggered then exit at market on open at the next trading session.

Notes:
The Profit Zone indicator 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/y3ln3pcp
https://tinyurl.com/yydnlhqb
Trade active

Comments

nice technical setup. let's see what we get now!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out