8 Whittle Down — Strategy by HermanBrummer
By HermanBrummer
Performance Metrics
- Author: HermanBrummer
- Symbol: NASDAQ:SQQQ
- Timeframe: 1 hour
- Net P&L: +3,368,031.84 USD (+0.99%)
- Win Rate: 82.3%
- Profit Factor: 1.695
- Max Drawdown: 555,342.18 USD (160.13%)
- Total Trades: 396
- Sharpe Ratio: 0.021
Description
The system is designed to short on directionally negative instruments like VXX & SQQQ The system only shorts, no longs It enters a pilot position if the system has no trades open at the time is in the late afternoon It uses a 200-day moving average as a filter and will only short if the price is below the 200 day moving average The pilot position will only enter with 1/3 ( one third ) of the total expected position size StopLossPerc sets the stop loss, (1.15) means it is set to a 15% stop loss. -- The Red Line The system will buy additional shares for a full position if the pilot piston profit target was not reached The full shares position is set to purchase at a higher price. T2EntTrgPerc sets the buy percentage target for the additional shares. -- The Yellow Line Each entry has different settable profit targets. T1ProfTrgPerc sets the profit target for the first trade (0.95) is basically set to a 5% profit. T2ProfTrgPerc sets the profit target for the second trade (0.90) is basically set to a 10% profit. -- The White LineRED LINE == STOP LOSS LINEGREENLINE == PROFIT TARGET FOR THE 1ST TRADEYELLOW LINE == ADD ON SHARES TO THE TRADEWHITE LINE == PROFIT TARGET FOR THE 1st & 2nd TRADE COMBINEDLet me know if you have any questions and I'll try to clarify