HIGHER Timeframe Trend is Your Friend - Profitable Trading System

https://traderslanding.net
The Chop Zone indicator attempts to determine if a market is trending or consolidating. This study is based on the Choppiness Index created by Australian commodities trader E.W. "Bill" Dreiss.

I deploy the Chop Zone as a key component of a complete trading system that has been proven profitable over a series of 100 trades. In addition, I review the equity curve, provide a Trader's Landing Score, and share my 6 optimization tips that you can try in your own testing.

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🏠 System Web page: https://traderslanding.net/2021/12/04/52/

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

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

⏱️ Timestamps ​​⏱️
00:00 - Start
00:44 - Indicators
02:30 - Long Examples
04:08 - Short Examples
06:00 - Testing Results & Equity Curve
07:15 - Trader’s Landing Score
00:00 - Optimization

⚙️ System Specifics ⚙️
📛 System Name: Chopping Broccoli
🏆 Trader’s Landing Score: 7
🎹 Instrument: Binance Coin / Bitcoin (BNB/BTC)
⌛ Time Frame: 1-Hour (H1)

👀 TradingView Indicators
Name: Exponential Moving Average (EMA)
Inputs: Length = 200
Style: White
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/

Name: Stochastic RSI
Inputs: Default
Style: Thicker lines.
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000502333-stochastic-rsi-stoch-rsi/

Name: Chop Zone
Inputs: Timeframe = 4 Hours, Gaps = Checked
Style: Colors 1, 2, 3, 5, 6, 7, 8 = Yellow; Color 0 = Cyan; Color 4 = Pink
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000589111-chop-zone/

☝️ Long Entry
1. Price above the 200 EMA.
2. Chop Zone indicator is cyan for the previous 3 bars.
3. Stochastic RSI closes in the oversold zone.
4. Stochastic RSI closes crossing up.

👇 Short Entry
1. Price below the 200 EMA.
2. Chop Zone indicator is pink for the previous 3 bars.
3. Stochastic RSI closes in the overbought zone.
4. Stochastic RSI closes crossing down.

🔥 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
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Metatags
#ChopZone #ChoppinessIndex #BinanceCoin #Bitcoin #StrategyReview #TradingSystem

Attribution
Skateboarder clip licensed under creative commons license:
Instant Regret-Try Not To Laugh|Funny Fails Compilation #4
https://www.youtube.com/watch?v=Piso9_hFbOA

⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.