2618 Trade Strategy Test 1

So this is going to be the beginning of a series of tests for the 2618 Strategy. I am distracted at the moment and cannot finish the details here. I will edit this later.

Comment:

EDIT: So to further explain the details of this trade strategy.

The 2618 Strategy is basically a strategy looking for double-tops and double-bottoms.

Rules:
Double-Top must come after an up-trend.
Double-Bottom must come after a down-trend

The RSI can help identify Bearish and Bullish Divergence at these locations for further confluence.
(I am not using RSI at the moment because I am unfamiliar with Trading View's RSI Indicator. I tried entering the settings but something didn't seem right. If you are familiar with using the RSI on this site, please contact me.)
Keep in mind that the RSI is not required for this strategy. It is simply another form of confluence to help confirm that you are at an appropriate double-top or double-bottom.

RSI Settings used for this strategy-
Over-Bought = +80
Over-Sold + -20
Point - 7

After price has made a Double-Top, a Fibonacci is drawn from the highest-high of the SECOND leg of the Double-Top down to the lowest point of the leg. If the leg continues to go lower, the Fibonacci is to be adjusted as low as price goes.

Once price retraces back up, this is where the Fibonacci is useful as we wait for a retracement to the .618 level. Once price reaches .618, the trade is entered.

Stop-Loss is placed at swing high, Take-Profit is placed at equal pips to the Stop-Loss for a 1:1 Risk-Reward.
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I hope this helps to give an idea of this strategy for anyone to follow along.

Trade active:

The .618 retracement was reached - Trade SHORT was triggered.

Trade closed: stop reached:

Price made a strong spike up and this trade was stopped out.

Comment:

This one ended up being pretty comical as you can see price made a giant Bullish leap. I'm not familiar with the cause of the jump as fundamentals were probably involved. However, this is another reason it's important to place Stop-loses. This can make one's account go completely flat in just minutes.