Mikki Strategy by ELITE_TRADING_DAILY
By ELITE_TRADING_DAILY
Performance Metrics
- Author: ELITE_TRADING_DAILY
- Symbol: BYBIT:BTCUSDT.P
- Timeframe: 4 hours
- Net P&L: +4,715.36 USD (+471.54%)
- Win Rate: 68.1%
- Profit Factor: 1.842
- Max Drawdown: 1,434.25 USD (44.03%)
- Total Trades: 263
Description
The RSI + Stochastic strategy looks for overbought and oversold market conditions.LONG entries occur when RSI drops below 30 and the Stochastic oscillator crosses upward from the oversold zone.SHORT entries occur when RSI rises above 70 and the Stochastic oscillator crosses downward from the overbought zone.It works best in ranging markets and on lower timeframes, and in strong trends it should be used with a trend filter (e.g. EMA).