I've had 5 goes at this, trying to make a good and realistic future profit outcome. It wasn't the best results, but it is safer for future trading. 3 exit strategies instead of 2. trying to maximize profit on parabolic runs had different outcomes.
Backtesting begins January 13, 2013 @ $14.24
17 Trades in total with a take home profit of $9,692,380
Here are the rules:
BUY:
Price closes above 20MA but the 20MA must be in an upward direction or
(10) EMA over the (20) EMA (which ever comes 1st)
Stochastic RSI upward but at least 1 line not above 80
MACD bullish
if all rules are met buy on the next 3day candle
Sell:
Sell 33.33% if Stochastic RSI has been above 80 for at least 4 days and drops below - sell on the next 3 day candle buy back in if ALL BUY RULES ARE MET
Sell on MA INSTEAD if STOCHASTIC RSI RULES AREN'T MET.
if the 10 EMA closes below the 20 EMA sell 33.33%
if the candle closes below 20 MA sell 33.33% only Stoch RSI bearish
If by any chance you enter a trade while the stochastic RSI is under 80 and 10EMA already below 20EMA SELL all on MA
Backtesting begins January 13, 2013 @ $14.24
17 Trades in total with a take home profit of $9,692,380
Here are the rules:
BUY:
Price closes above 20MA but the 20MA must be in an upward direction or
(10) EMA over the (20) EMA (which ever comes 1st)
Stochastic RSI upward but at least 1 line not above 80
MACD bullish
if all rules are met buy on the next 3day candle
Sell:
Sell 33.33% if Stochastic RSI has been above 80 for at least 4 days and drops below - sell on the next 3 day candle buy back in if ALL BUY RULES ARE MET
Sell on MA INSTEAD if STOCHASTIC RSI RULES AREN'T MET.
if the 10 EMA closes below the 20 EMA sell 33.33%
if the candle closes below 20 MA sell 33.33% only Stoch RSI bearish
If by any chance you enter a trade while the stochastic RSI is under 80 and 10EMA already below 20EMA SELL all on MA
Commentaire:
I forgot to mention. Trading begins with an initial $10,000 and it compounds to get this result
