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I Tested This Trading Strategy & It Made 184% #shorts

TradingLab0:58

Transcription

I tested a trading strategy with 195 trades, and it ended up profiting 184%.

First, go to TradingView. I'll be leaving a link in the bio. Click the indicators tab, type in "EMA" for Exponential Moving Average, and click it twice because we are going to need two.

Go to the settings of the EMA. Make one a 50 Exponential Moving Average and make it purple. Then, go to the settings of the other EMA and make the length 200, and change the color to orange. Then, add one more indicator called "Pivot Point Super Trend." You can keep these settings at default.

Here's the strategy. You enter only if the price is above both the 50 and 200 Exponential Moving Average. Which it is here. If both of those are true, you enter once you get a buy signal. So, you enter here. Set your stop loss at the 50 EMA, the purple line. Your take profit is going to be when price touches the 50 EMA. So, right here, you would have sold.

If you are interested, I'll leave all the backtest results in my Discord. Mention in the comments this strategy works best in trending markets. It has a low win percentage, but if you incorporate multiple take profit points at key levels, you could easily raise the win percentage.