TQQQ Trading

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This script presents a specialized approach to trading TQQQ using a combination of significant price drops and trend confirmation methods. It identifies potential buying opportunities when TQQQ experiences a substantial correction (15% drop from recent highs) while maintaining strong underlying trend characteristics.

Key Features:

• Identifies and measures significant price drops from recent highs
  
• Checks multi-timeframe momentum
  
• Implements a dynamic stop-loss that raises every day
  
• Provides comprehensive trade statistics including win rate, profit factor, and average hold time
  

The strategy aims to capitalize on TQQQ's leveraged nature by entering during significant corrections when trend conditions remain favorable, rather than trying to catch every minor movement.

Note: This indicator is specifically designed for TQQQ on the daily timeframe

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Phát hành các Ghi chú

Why is this script unique?

Although I won't reveal details of what I am doing, you can check the past entries and exits and the table with back tests, so it's a high performing trading strategy.

The basis of it was inspired by an interview I watched of Vibha Jha, who's been very successful trading TQQQ.

It's a very specific trading strategy and the indicator provides not only the entries/exits but is constantly back testing it and showing the results on the dashboard.

Video below describes it fully.