VWMA_withATRstops_strategy by ediks123
By ediks123
Performance Metrics
- Author: ediks123
- Symbol: NASDAQ:QQQ
- Timeframe: 1 hour
- Net P&L: +14,796.49 USD (+147.96%)
- Win Rate: 56.8%
- Profit Factor: 2.839
- Max Drawdown: 1,511.55 USD (8.93%)
- Total Trades: 118
- Sharpe Ratio: 0.403
Description
This strategy follows the trend when price is above VWMA indicator. I have modified entry and exit rules to get most out of it.Instead of entering LONG when price crosses above VWMA, I have used RSI(14) of VWMA . that way it skips the false signals. (some extent)ENTRY========1. VWMA setting is 332. When RSIofVwma is above 30 enter Long ( and also checks if price already broke the ATR Stop above line )Stop Loss and Exits==================1. Exit is when price breaks the ATR stop loss 2. ATR setting is set as same VWMA Length and multiplier is 3.5 3. STOP Loss that I mentioned in the settings is being used to calculate the how many units can be purchased based on risk of capital value. Note: There is NO hard stop loss. having above ATR stop loss works as Trailing stop lossWarning=======For the educational purposes only