Keltner Channel Strategy with Golden Cross by OversoldPOS
By OversoldPOS
Performance Metrics
- Author: OversoldPOS
- Symbol: AMEX:SPY
- Timeframe: 1 day
- Net P&L: +10,913.37 USD (+10.91%)
- Win Rate: 44.0%
- Profit Factor: 1.438
- Max Drawdown: 3,240.05 USD (3.04%)
- Total Trades: 157
- Sharpe Ratio: −0.404
Description
Only trade with the trend. This Keltner Channel-based strategy that will only enter into a trade if the signal of the Keltner Channel agrees with a moving average crossover as defined by the user.Long Position Entries 2 Conditions must be present1. There must be a Golden Cross (lower period moving average is above higher period moving average). ex 50 period MA > 200 period MA.2. Price must cross above the Keltner Channel ATR defined by the user.Short Position Entries 2 Conditions must be present1. There must be a Death Cross (lower period moving average is below higher period moving average). ex 50 period MA < 200 period MA.2. Price must cross below the Keltner Channel ATR defined by the user Closing Trades:The strategy closes trades as follows:1. Price crossing the Keltner Channel's Take Profit ATR (defined by User) 2. Price crossing the Keltner Channel's Stop Loss ATR (defined by User)