MCOTs Intuition Strategy by csth97
By csth97
Performance Metrics
- Author: csth97
- Symbol: CAPITALCOM:US100
- Timeframe: 1 minute
- Net P&L: +29.60 USD (+0.06%)
- Win Rate: 71.5%
- Profit Factor: 1.052
- Max Drawdown: 147.90 USD (0.29%)
- Total Trades: 151
- Sharpe Ratio: 0.015
Description
Apr 8, 2024Initial Capital: The strategy starts with an initial capital of $50,000.Execution: Trades are executed on every price tick to capture all potential movements.Contract Size: The default position size is one contract per trade.Timeframe: Although not explicitly mentioned, this strategy is intended for a one-minute timeframe.RSI Calculation: The Relative Strength Index (RSI) is calculated over a user-defined period (default is 14 periods).Standard Deviation: The script calculates the standard deviation of the change in RSI values to determine the threshold for entering trades.Exhaustion Detection: Before entering a long or short position, the script checks for exhaustion in the RSI’s momentum. This is to avoid entering trades during extreme conditions where a reversal is likely.Entry Conditions: A long position is entered when the current RSI momentum exceeds the standard deviation threshold and is less than the previous momentum multiplied by an exhaustion factor. A short position is entered under the opposite conditions.Limit Orders for Exit: Instead of traditional stop loss and take profit orders, the strategy uses limit orders to exit positions. This means the strategy sets a desired price level to close the position and waits for the market to reach this price.Profit Target and Stop Loss: The script allows setting a profit target and stop loss in terms of ticks, which are the smallest measurable increments in price movement for the traded asset.blah blah whateverApr 8, 2024Release NotesInitial Capital: The strategy starts with an initial capital of $50,000.Execution: Trades are executed on every price tick to capture all potential movements.Contract Size: The default position size is one contract per trade.Timeframe: Although not explicitly mentioned, this strategy is intended for a one-minute timeframe.RSI Calculation: The Relative Strength Index (RSI) is calculated over a user-defined period (default is 14 periods).Standard Deviation: The script calculates the standard deviation of the change in RSI values to determine the threshold for entering trades.Exhaustion Detection: Before entering a long or short position, the script checks for exhaustion in the RSI’s momentum. This is to avoid entering trades during extreme conditions where a reversal is likely.Entry Conditions: A long position is entered when the current RSI momentum exceeds the standard deviation threshold and is less than the previous momentum multiplied by an exhaustion factor. A short position is entered under the opposite conditions.Limit Orders for Exit: Instead of traditional stop loss and take profit orders, the strategy uses limit orders to exit positions. This means the strategy sets a desired price level to close the position and waits for the market to reach this price.Profit Target and Stop Loss: The script allows setting a profit target and stop loss in terms of ticks, which are the smallest measurable increments in price movement for the traded asset.blah blah whateverApr 8, 2024Release NotesInitial Capital: The strategy starts with an initial capital of $50,000.Execution: Trades are executed on every price tick to capture all potential movements.Contract Size: The default position size is one contract per trade.Timeframe: Although not explicitly mentioned, this strategy is intended for a one-minute timeframe.RSI Calculation: The Relative Strength Index (RSI) is calculated over a user-defined period (default is 14 periods).Standard Deviation: The script calculates the standard deviation of the change in RSI values to determine the threshold for entering trades.Exhaustion Detection: Before entering a long or short position, the script checks for exhaustion in the RSI’s momentum. This is to avoid entering trades during extreme conditions where a reversal is likely.Entry Conditions: A long position is entered when the current RSI momentum exceeds the standard deviation threshold and is less than the previous momentum multiplied by an exhaustion factor. A short position is entered under the opposite conditions.Limit Orders for Exit: Instead of traditional stop loss and take profit orders, the strategy uses limit orders to exit positions. This means the strategy sets a desired price level to close the position and waits for the market to reach this price.Profit Target and Stop Loss: The script allows setting a profit target and stop loss in terms of ticks, which are the smallest measurable increments in price movement for the traded asset.blah blah whatever