Buy The Retrace backtest strategy by RwTrades

trendanalysis supportandresistance supertrend retracement pullback trendtrading trendfollower

A trend-following strategy entering pullbacks
Simple but efficient

Mostly used it on 1 min chart but it works extremely well on 5 min as well.

The components of the strategy:

-MTF ATR based Trend
-Fib based cloud to help determine the trend - Caution when trend and cloud shows a different trend - a reversal may be possible.
-Optional values for the signals -how often you would like to get one- can be changed based on - the current close relative to the close-only high-low range over a given period of time.

-3x take profit levels
- all adjustable in %
- take profit quantities adjustable in % for each level
-paints a line where your average position is
-labels the current position size

Be careful where the cloud is broken, a reversal may happen.
Be careful longing / shorting the same levels which acted as a support/resistance before - this is why the win ratio is around 80% only as a small percentage gets stopped out usually.

Would like to get access? Pm me I'll grant it.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact RwTrades for more information, or follow the author's instructions below.

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