I am testing a new strategy after validating 3 months of data with positive numbers, I would like to try this on SIM for a month.
This is purely a mechanical and no emotions need to be involved. I will always look for trend and Previous HLC values as well to take decision about entry and exit.
Instrument: NQ100
Indicators:
SuperTrend with values ATR multiplier 2 ATR period 3 and Median period 3.
EMAs: 8 and 15
EMA for trend: 200 VWMA
Chart Settings:
Trade window: 9:31 to 4:15 pm EST
Range Per Bar-True (in Ticks)Bars: 10 ticks
Entry Buy: When 8EMA crosses 15EMA above with SuperTrend buy mode wait for bar to close.
Sell: When 8EMA Crosses 15 EMA down with SuperTrend Sell mode wait for bar to close.
Stop Loss: 12 points per lot.
1 lot booked with 20 points. 2 lot always trailed to SuperTrend dot with +- 4 ticks.
No new position after 3.10 pm and exit the existing trade 3.29 pm.
Sometime the crossover might have happened at EOD. On a new day Look for opportunity with risk that fits my SL.
Update: There have been many changes to the method and journal during the journey. Started Live trading from my account 19-Oct-2015.