I have three main money maxing strategies I am testing/backtesting and eventually will automate them all.
I plan on live paper testing each of them for a month, then use small money(risk like $50 a trade or 0.1% portfolio for $150 profit) then scale to 1% risk a trade or $500 and $1500 or so profit a trade.
In future developments I will be posting my results, charts, possible examples of trades, and when I have gotten everything automated.
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I plan on live paper testing each of them for a month, then use small money(risk like $50 a trade or 0.1% portfolio for $150 profit) then scale to 1% risk a trade or $500 and $1500 or so profit a trade.
- Trading Premarket Gappers/continuation plays. This strategy basically is me waking up at 8:30 am est. Looking thru the top 10 premarket movers and stocks that meet this criteria: Country:USA, Price greater than $10, volume greater than 2mil, relative volume more than 2.0, 5% above price, market cap:+mid, trick is to see stocks that held previous days high into premarket and buy on breakthru of previous days high with high momentum of 5 minute chart, I make criteria more strict if needed) Then checking the catalyst, premarket high/lows. Setting up the possible S/R Lines then subsequently waiting for a break thru of them around 9:35 to 10:00 am and exiting, So far in paper testing I have a 33% success rate, with 3-5(varies):1 P:L. . Only Negative of this is that it will be hard to automate, but I believe it can be done with sufficent stringent criteria.
- MACD/Momentum trading futures(Specifically focused on MNQ,/MES,/BTC, and the major currency pair futures) on 5 min chart. I use daily market profile and pivot points to setup S/R levels based on premarket levels, set price alerts then when I see an alert I check the momentum if its there I enter a trade till momentum runs dry or price hits support/resistance level. I use capital/contracts according to the ATR(volatility measure), I make sure that 3.5x ATR is less than $1000(2% of total capital). The success rate is 63% and P:L is normally around ~3:1 on shitty backtesting and small amount of live testing, main benefit is this works in all market conditions, I have manually backtested it during March 2020 and the 3.5 ATR would limit my losses and was still overall positive gains. I also have setup newsfeed with use of tweetdeck
- Forex Bollinger Band Fibonacci Bullshit: Very Simple strategy of using 30 Day
aily chart then trading long or short based on bollinger band underbought to oversold and vice versa. Use of fibonacci retracement specifically 23.6% and 38.2% levels. Shitty backtesting so far has shown 55% Win rate and 2:1 P:L. Main benefit of this is fixed risk, very fucking easy, easy as fuck to script. Works in likely all market conditions. It requires more patience unfortunately tho.
In future developments I will be posting my results, charts, possible examples of trades, and when I have gotten everything automated.
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