I'm a trader its been 3 Years, and i'm profitable on US stocks trading.
As a strategy i trade Top Reversals and Bottom Bounces and i need help from you because i had never code a strategy.
Here you will find my strategy criteria and my entry requirements :
- Stocks that price is above 10 $ ;
- Stocks with a change from open more than 5% or less than -5% ;
- Extended Stocks with a minimum of 3 consecutive candles to the downside or upside ;
- Stocks with a high or low RSI 20% - 80 % ;
- Candles touching the Bollinger bands with the last candle outside ;
- Stocks experiencing a volume peak of the day when very extended ;
- Stocks near the a daily support or resistance or a round number or half dollar price ;
- Position size according the percentage of risk per trade ;
- Entry on the next 5 minutes candle to make a new high or new low versus the trigger candle ;
- Stop loss will be the high or low of the day ;
- When the Stop gets touched. I'm immediately out of the trade.
- When the a big support or resistance occurs on the level II.
- When the Final target is reached or 5 minutes before the end of the session :
- 1st Target : 9 EMA on the 5 min Chart
- 2nd Target : 20 EMA on the 5 Min Chart
- 3rd Target : The VWAP on the 5 Min Chart
and thank you soo much