5MA_X_L — Strategy by FinTasticTrading
By FinTasticTrading
Performance Metrics
- Author: FinTasticTrading
- Symbol: NASDAQ:UPWK
- Timeframe: 10 minutes
- Net P&L: +70,840.18 USD (+70.84%)
- Win Rate: 34.7%
- Profit Factor: 2.625
- Max Drawdown: 10,955.36 USD (7.71%)
- Total Trades: 170
- Sharpe Ratio: 0.72
Description
This is a 5 day moving average crossing long strategy in 10 min. chart, used in short term momentum trading strategy.Momentum trading Strategy: When S&P 500 index is at up trend (or above 60 sma ), buy 10+ stocks in top 20% stock RS ranking at equal weight using this MA5X_L strategy. Change stocks when any stock exited by algorithm.Back test start since 2020/7/1, each long entry for condition 1 is $30000, condition 2 is $20000, with max of 2 long positions.Setup: 10 minutes chartBuy condition 1) 3 wma cross up 195 wma (5day) 2) 3wma > 78wma > 195wma UP Trend Arrangement (UTA)Exit condition 1) 3 wma cross under 195 wma 2) position profit > 20% and 3 wma cross under 6 ATRs line (green)