Long at 169.71 on the 31/07/20
Move Stop Loss to from 163.51 to 170.66.
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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:
tinyurl.com/y3ln3pcp
tinyurl.com/yydnlhqb
Move Stop Loss to from 163.51 to 170.66.
-----------------------------------------------------------------------------------------------------------------------------------------------
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:
tinyurl.com/y3ln3pcp
tinyurl.com/yydnlhqb
Transaction en cours
Trade fermée: ordre d’arrêt atteint
P/L:= +0.56%
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.