Best TradingView Strategy - For NASDAQ and DOW30 and other Index by The_Bigger_Bull
By The_Bigger_Bull
Performance Metrics
- Author: The_Bigger_Bull
- Symbol: SKILLING:NASDAQ
- Timeframe: 5 minutes
- Net P&L: +2,737.30 USD (+2,737.30%)
- Win Rate: 81.9%
- Profit Factor: 3.003
- Max Drawdown: 406.70 USD (21.08%)
- Total Trades: 83
- Sharpe Ratio: 0.441
Description
May 5, 2022The script is totally based on momentum , volume and price. We have used :1: Bollinger Band Squeezes to know when a breakout might happen.2: Used Moving Averages(SMA and EMA) to know the direction.3: The success Rate of this strategy is above 75% and if little price action is added it can easily surpass 90% success mark.4: Do not worry about drawdowns , we have implemented trailing SL ,so you might see a little extra drawdown but in reality its pretty less.5: I myself have tested this strategy for 41 days with a 250$ account and right now I have 2700$.May 5, 2022Release NotesFew minor bug fixes.May 6, 2022Release NotesFew minor value changes to increase profits , % of profitable trades and reduce drawdown.PS(**Important**) : 1 : Use this strategy on any index chart like DOW , NASDAQ , NIFTY50 etc but the best returns are when you use it on 5 minutes chart. 2 : Combine it with support resistance trend lines and results are mind boggling.May 9, 2022Release NotesPerformance Enhancement and Increased profitability.May 9, 2022Release NotesReducing number of false trades