Trading Public School ST1 — Strategy by GF7987
By GF7987
Performance Metrics
- Author: GF7987
- Symbol: NSE:IBULHSGFIN
- Timeframe: 5 minutes
- Net P&L: −295.10 NONE (−0.30%)
- Win Rate: 62.0%
- Profit Factor: 0.603
- Max Drawdown: 325.75 NONE (0.33%)
- Total Trades: 121
- Sharpe Ratio: −1.97
Description
This is a derivative of Trading Public School "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release".Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change). My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram. 100% Profit & loss 10% Only