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Trading strategies are the most important part of trading because trading today without a strategy is like travelling somewhere without a map. In short, a trip into the unknown.
To make sure that this is not the case, here is another one of our improved strategies, where, thanks to a small change, we were able to achieve up to 10% higher success rates on some trading instruments compared to the basic version.
Strategy input rules (example)
Entering long positions
- Breaking the trend line from the bottom to the top
Entry into short positions
- breaking the trend line from top to bottom
How to trade with the strategy
The most important factor in today's strategy is a good plotting of trend lines. Unlike the standard plotting, here we choose to plot only those tops and bottoms that are formed by candles with a long lower (important bottom) or upper (important top) wick (purple ellipses on the chart above). The other peaks/bottoms (green ellipses on the chart above) are not used for plotting.
Entries then follow the standard rules, with short entries occurring in the event of a top-bottom breakout and vice versa. As for limit orders (Take-Profit, Table-Loss), these are dependent on the chosen ratio between loss and profit and therefore it is up to each individual where they ultimately place these orders.
With today's strategy it is possible to achieve a success rate of 40-70% in selected trading instruments, which is more than enough to achieve long-term sustainability with the right money-management setup.
