591% in 10 Trades! + Automated Script

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🟩 Official Website: https://traderslanding.net

🟩 COMMUNITY SITE: https://traderslanding.net/community/

This is a classic trading strategy that can be very effective during trending market conditions. This complete system has been coded into a TradingView strategy for our community members with the ability to change entry and exit criteria.

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.

🗣 COMMUNITY SITE (FREE SIGNUP): https://traderslanding.net/hello/

🤖 The automated trading script is available for this strategy in the Trader’s Landing Community.

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🏠 System Web Page: https://traderslanding.net/2022/07/09/591-in-10-trades-automated-script/

🔍 Link to my Testing Performance Spreadsheet: https://traderslanding.net/results/

📘 Link to my free backtesting spreadsheet: https://traderslanding.net/2021/08/15/26/

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⏱️ Timestamps ​​⏱️
00:00 - Start
00:49 - Indicators
00:29 - Examples
05:33 - Results, Equity Curve, Score
07:20 - Optimization

⚙️ System Specifics ⚙️
📛 System Name: The ADX Classic
🏆 Trader’s Landing Score: 7
🎹 Instrument: Waves/USDT & Tesla
⌛ Time Frame: D1 & M5

👀 TradingView Indicators
Links to indicators located here: https://traderslanding.net/indicators/

Name: Average Directional Index (ADX)
Inputs: Default
Style: Yellow, Line at 30 level.
By: TradingView Built-In

Name: Exponential Moving Average (EMA)
Inputs: Length = 20
Style: Orange
By: TradingView Built-In

Name: Average True Range Bands
Inputs: 2 Times ATR
Style: White
By: AlexanderTeaH

☝️ Long Entry
1. ADX greater than 30.
2. First retracement into the 20 EMA.
3. First candle that touches the 20 EMA, but does not close below it.
4. Enter above the candle stick that touched the 20 EMA.

👇 Short Entry
1. ADX greater than 30.
2. First retracement into the 20 EMA.
3. First candle that touches the 20 EMA, but does not close above it.
4. Enter below the candle stick that touched the 20 EMA.

🔥 Risk to Reward: 1:3

🛑 Where to place stop-loss:
For Longs: 2 Times the ATR below the trigger candle.
For Shorts: 2 Times the ATR above the trigger candle.
🚀 Where to take profits: 1:3
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⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.

Metatags
#StrategyReview #TradingSystem #ADX