KISS Strategy: SMA + EMA by MakeMoneyCoESTB2020
By MakeMoneyCoESTB2020
Performance Metrics
- Author: MakeMoneyCoESTB2020
- Symbol: NASDAQ:FCEL
- Timeframe: 1 hour
- Net P&L: +1,533.22 USD (+7.66%)
- Win Rate: 66.7%
- Profit Factor: 4.779
- Max Drawdown: 224.81 USD (1.05%)
- Total Trades: 33
- Sharpe Ratio: 7.223
Description
Dec 23, 2020//Hello my fellow investors//I am creating a simple non-cluttered strategy that uses 3(+1) simple means to determine: viability, entry, and exit//1) Has a consistent trend been maintained for several days/weeks//2) SH SMA crossover LG SMA = Bullish entry/LG SMA crossover SH SMA = Bearish entry//3) Use the Slope factor & Weeks in Trend (WiT) to dertermine how strong of an entry signal you are comfortable with//4) Exit position based on next SMA cross and trend reversal or stop loss%//3+1) For added confidence in trend detection: Apply MACD check - buy--> MACD line above signal line and corssover below histogram \\ sell --> MACD line below signal line and crossover above histogram.//*)This code also allows you to determine your desired backtesting date compliments of alanasterThe chart shown has:Starting Capital: $10,000Investment percent per trade: 1.5%Stop Loss: 20%Take Profit: 100%Mar 20, 2021Release NotesI have updated the exit strategy conditions to allow a trailing stop & show the exit targets on the chart.