Invesco QQQ Trust, Series 1NASDAQ
Description
⋅ - This system uses two RSI's with different settings
- Fast RSI Lenght is 16, buys when RSI price is oversold @ 91 or lower, and sells when RSI price is overbought at 70
- Slow RSI Lenght is 31, buys when RSI price is oversold @ 91 or lower, and sells when RSI price is overbought at 68
- Pyramiding is set to 2 since each system should be able to trade in the same direction on the same day
- The Red StopLine is a stop loss of 10% based on the combined strategic position average entry price.
- I've used a 2D chart because I prefer longer-term charts for higher quality signals
- The way I trade all the systems is to set up alerts to let me know when to look at what setups
- The system also has a market filter and does not trade when the close is lower than its 200 days moving average