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VWMA_withATRstops_strategy

9183
This strategy follows the trend when price is above VWMA indicator. I have modified entry and exit rules to get most out of it.

Instead of entering LONG when price crosses above VWMA, I have used RSI(14) of VWMA . that way it skips the false signals. (some extent)

ENTRY
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1. VWMA setting is 33
2. When RSIofVwma is above 30 enter Long ( and also checks if price already broke the ATR Stop above line )

Stop Loss and Exits
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1. Exit is when price breaks the ATR stop loss
2. ATR setting is set as same VWMA Length and multiplier is 3.5
3. STOP Loss that I mentioned in the settings is being used to calculate the how many units can be purchased based on risk of capital value.

Note: There is NO hard stop loss. having above ATR stop loss works as Trailing stop loss


Warning
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For the educational purposes only

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.