Saw TradePro's "NEW BEST HIGHEST PROFITING STRATEGY WITH CRAZY RESULTS - 2 EMA+ Stochastic RSI+ ATR", and was curious on the back testing results. This strategy is an attempt to recreate it.
This strategy uses 50 / 200 EMAs, Stochastic RSI and ATR.
Long Entry Criteria: - 50 EMA > 200 EMA - Price closes below 50 EMA - Stochastic RSI has gone into oversold < 20 - Stochastic RSI crosses up while making higher low from previous cross up
Short Entry Criteria: - 50 EMA < 200 EMA - Price closes above 50 EMA - Stochastic RSI has gone into overbought > 80 - Stochastic RSI crosses down while making lower high from previous cross down
Stop-loss is set to ATR stop-loss Take Profit is 2x the risk
All parameters are configurable.
Enjoy~~
Nota Keluaran
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Fixed bug on Reward to Risk Ratio and Take Profit target not calculated properly
Nota Keluaran
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Per suggestion, added option to move stop-loss to breakeven when trade hit X Reward to Risk Ratio.
I can't get this to work (I coded it myself but I'm so newb it would be unhealthy to others to share publicly lol) with same results. Ultimately it boils down to the problem of commission, at Bybit I'm looking at 0.01% maker vs 0.06% taker. With a limit order, if that can be done right, this would still be viable. Weirdly enough I do have a win rate of roughly 15+ risklots / 80 trades on this strategy in manual paper trading where I'm very disciplined about identifying a pullback and only entering once on each pullback (which might be definable as ema 2 crossing the fast ema). And about the bullish / bearish trend identification.