Silver SwingShield - L+S with Stop + Profit Target (Plotted) — Strategy by davisdu123
By davisdu123
Performance Metrics
- Author: davisdu123
- Symbol: AMEX:IWM
- Timeframe: 1 day
- Net P&L: −109,049.55 USD (−10.90%)
- Win Rate: 35.4%
- Profit Factor: 0.886
- Max Drawdown: 230,019.40 USD (23.00%)
- Total Trades: 195
Description
Your Silver SwingShield indicator/strategy is a fully rule-based system that:Finds trend direction:Long bias when price is above SMA200Short bias when price is below SMA200Waits for a pullback:Looks for price to pull back to the EMA20 (a “dip in an uptrend” or “bounce in a downtrend”).Confirms the pullback is real (momentum reset):Longs need RSI to have dipped low recently (within the lookback).Shorts need RSI to have spiked high recently.Triggers the trade only on confirmation:Long entry when price closes above yesterday’s highShort entry when price closes below yesterday’s lowManages risk automatically:Sets an ATR-based stop and then trails it as price moves in your favor.Optionally adds a fixed profit target based on ATR.Optional “high volatility” filter can skip trades in chaotic periods.Shows everything on the chart:Clear BUY / SHORT markersStop-loss line (and profit target line if enabled) plotted on the price chartExit markers (EXIT L / EXIT S) when positions closeIn short: it’s a systematic trend + pullback + confirmation swing trader for silver, with objective stops/targets plotted so you always know where you’d exit.