A few weeks ago I stumbled upon a simple yet profitable strategy on Transparent Trader's channel.
My version of the strategy is not 100% the same as his so feel free to check out the original video for the full strategy: • More Trades, More Mone...
I was able to recreate the strategy using one of our Premium Script the Pattern Analyzer and found that despite it’s simplicity this strategy works remarkably well across crypto, forex pairs, stocks, and indexes.
In todays video I will explain how the strategy works, how you can set it up with our tradingview script and show the results for the best performing pairs and assets.
Also if you want to try out and automate this strategy you can get access tot he script shown in todays video and to many other premium scripts that we developed so far by becoming one of our supporters on patreon: / tradesmart224
For Smart Traders (patreon supporters) the optimization shown in this video is: 0041
Tested Assets:
1INCH AAVE ADA ALGO ATOM AVAX AXS BAT BNB BTC CAKE CHZ COMP DASH DOGE DOT EGLD ENJ EOS ETH FIL FTM ICP LINK LTC MANA MATIC NEAR QNT RUNE SAND SHIB SNX SOL TRX TWT UNI VET XLM XMR XRP ZIL
CRUDEOIL DE40 NIFTY US100 US30 XAGUSD XAUUSD SPY SPX
DJI DAX NI225
AUDJPY AUDUSD EURAUD EURNZD EURUSD GBPJPY GBPAUD NZDUSD USDJPY USDCAD USDCHF CADJPY CHFJPY EURJPY EURCHF CADCHF
NZDJPY
Tested Timeframe:
1 hour
2 hour
4 hour
Daily
Backtest results:
drive.google.com/drive/folder...
Strategies created with our Premium TradingView Scripts:
• Strategies Created Usi...
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Chapters:
0:00 Intro
1:26 Simplified Strategy
4:02 Simplified Strategy Trade Example
5:20 Advanced Strategy
6:30 Advanced Strategy Trade Examples
9:18 Backtest Results
12:31 Conclusion & Outro
Disclaimer:
Historical results does not guarantee future profits.
None of the strategies presented on this channel are trading or financial advice, I am not a financial advisor. Do your own research before using any strategy for live trading.
The Strategy Presented in today video Used Paper Trading.
#tradingview #momentumstrategy #algotrading