Ronin_trader

VECO - May 24 (MATREND v1.6)

Long
Ronin_trader Updated   
BATS:VECO   Veeco Instruments Inc.
There seems to be a larger bullish movement

Price seems to have stalled here so there is a good chance this breakout can continue. SL position is good also.

v1.6
Exit rule tweaked to Daily 10SMA
Calibrated entry specs, to slightly loosen up the Stoploss
atr_x = 2.5
entry_atr_xfactor = 3.7

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This is a simple systematic Trend strategy where entry is based on two conditions

1. Price crossing over the EMA
2. The present ATR is less than an ATR multiple

The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback

Risk
Fixed & tight SL based on ATR multiples closes trades fast
Closing of the trades is a simple price cross over the daily SMA

This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
Trade closed manually:
Cutting my losses fast
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