This is my take on a simple breakout based on the well known Fibonacci Retracement. It was created with the main intention of swing trading Futures with a small account, though it can also be used for other instruments - just tweak the settings to what fits best for you. As you can see, the strategy is trading a single contract every time and the stop loss is hard (no trailing yet) - I'm trying to show how well it works with a small account, obviously you can scale up from here.
The strategy: Account Starting Balance: $500 Instrument: E-Mini Russell 2000 Futures Contracts: 1 contract per trade Commission: $0.34 per trade
Next Steps: - Add more description to all the settings - Add Trailing Stops
Don't forget: For educational purpose only Past performance doesn't guarantee future results.
thanks for sharing
Its a very nice and clean strategy, Im trying to optimize the settings for btc right know and it looks great.