RSI, EMA, SMA Trendtrading - Oil Daytrading 1H — Strategy by I11L
By I11L
Performance Metrics
- Author: I11L
- Symbol: OANDA:BCOUSD
- Timeframe: 1 hour
- Net P&L: +1,709,729.12 USD (+170.97%)
- Win Rate: 56.8%
- Profit Factor: 1.339
- Max Drawdown: 338,469.17 USD (24.89%)
- Total Trades: 581
- Sharpe Ratio: 0.419
Description
The Unitrend trading System produces trading recommendations on a pure Trend basis.It is a Score based system.--- How to use the System --Simply adjust your capital you want to risk per trade and your TP Factor.The TP Factor is the multiple of your risked Capital, also known as Risk/Reward ratio.Furthermore you can toggle between a always Buy mode, to see if the System is better then market.Compounding mode helps you to get a better understanding of your maximum drawdown with a total equity based approach.--- How are Signals produced? ---A score of 2 or 3 is a BUY signal.You can count the score by looking at the lines above 1, or by reading the color.Green is 3, yellow 2, orange 1 and red is 0.The score is calculated by 3 conditions.Each applying condition yields one point for the score.The score resets each bar.The rules are:RSI > 45: Well known indicator, usually looks for reversal points but seems to produce above average results when above 45.EMA(RSI) > SMA(RSI): My approach to momentum detection for the RSI movement, I consider a faster growing RSI as a good thing.EMA(close) > SMA(close): My approach to trend detection for the market movement. Common Wisdom would be a fast SMA > slow SMA which I found to be too slow for the modern market.