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Simple, Profitable, Effective - Complete Trading System
https://traderslanding.net
Volume is an often neglected indicator for new and experienced traders alike. However, volume is a key metric in technical analysis and should be considered when creating, testing, and optimizing your trading system. In this video, I use a volume indicator to add confluence to a simple double EMA strategy. While the test results did yield a nice profit, this system has plenty of headroom for optimization. Additionally, you can take some concepts from this particular setup to deploy into other strategies and vice versa.
In addition to reviewing the indicators, providing exact entry rules, defining the take profit and stop loss levels, testing it for 100 consecutive setups, reviewing the results, discussing the equity curve, and scoring the system on a scale of 1 to 10, I also share my 6 optimization tips that you can try in your own trading system development. Do not neglect back and forward testing, that is critical.
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🏠 System Web Page: https://traderslanding.net/2022/04/30/75/
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⏱️ Timestamps ⏱️
00:00 - Start
00:37 - Indicators
01:35 - Examples
04:02 - Results, Equity Curve, Score
05:06 - Optimization
⚙️ System Specifics ⚙️
📛 System Name: Queen Volume
🏆 Trader’s Landing Score: 7
🎹 Instrument: Bitcoin vs. US Dollar (BTC/USD)
⌛ Time Frame: 1-Hour (H1)
👀 TradingView Indicators
Name: Exponential Moving Average (EMA)
Inputs: Length = 3
Style: White
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
Name: Exponential Moving Average (EMA)
Inputs: Length = 3
Style: White
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
Name: High Volume Bars
Inputs: Default
Style: Default
By: crypto_rife
Link: https://www.tradingview.com/script/ElfsaJiR-High-Volume-Bars/
☝️ Long Entry
1. 50 EMA over the 200 EMA.
2. Price touches the 50 EMA.
3. Enter on the first solid blue candle that touches and closes above the 50 EMA.
👇 Short Entry
1. 50 EMA under the 200 EMA.
2. Price touches the 50 EMA.
3. Enter on the first solid red candle that touches and closes below the 50 EMA.
🔥 Risk to Reward: 1:2
🛑 Where to place stop-loss:
For Longs: Previous swing low.
For Shorts: Previous swing high.
🚀 Where to take profits: 1:2
______
⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.
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