ETHUSD SHORT - May 24 (☔ Reverse Trapping Lighting v1)
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This pattern is a Grade A
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Decided to relook the strategy and redo the strategy validation by run a manual backtest from 15 March to 18 April where the regime changes from bullish to a bearish range on the D1 chart.
I am aware that once the regime changes and need to revert back to the original Long strategy
New Observation
The pull backs still happen but they rise and stall into a range before falling. Because of the nature of the range there are opportunities for us to take tight stops to limit risk and still have clear TP at the next S/R lines
Entry
Depending on patterns I will adjust the bet size accordingly
Will continue to iterate the strategy as the live trades flow in
This pattern is a Grade A
---
Decided to relook the strategy and redo the strategy validation by run a manual backtest from 15 March to 18 April where the regime changes from bullish to a bearish range on the D1 chart.
I am aware that once the regime changes and need to revert back to the original Long strategy
New Observation
The pull backs still happen but they rise and stall into a range before falling. Because of the nature of the range there are opportunities for us to take tight stops to limit risk and still have clear TP at the next S/R lines
Entry
- Step 0: Identify Regime - Is the D1 still below the 20 SMA
- Step 1: Identify Period of indecisiveness
- Step 2: Bullish price shoot up
- Step 3: Mark Limit entry and SL
- - Go trade: Risk Reward ratio no lower than 2
- - Bad trade: Risk Reward ratio <2
Depending on patterns I will adjust the bet size accordingly
- Grade A - 100% Bet, 9.5 units - $500
- Grade B - 50% Bet, 4.75 units - $250
- Grade C - 25% Bet, 2.3 units - $121
- Backtest performance: 15 Mar - 18 Apr 2024, 1 Hour candle
- Average 1 Trade per week
- Total Trades: 5
- Lose: 1
- Win: 4
- Total Profit: 6,709.90
- Profit Factor: 38.27
- Deepest Drawdown: -2.32%
- Highest Run-up: 11.59%
- Average Trade: 1,341.98
Will continue to iterate the strategy as the live trades flow in
Giao dịch đang hoạt động:
Price broke a key point 2959.67 and the indicator showed another signal. So I scaled up the same amount 3.6 units
Đóng lệnh: dừng lỗ:
:(
