Trendoscope

HOW-TO: Wolfe Strategy [Trendoscope]

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BINANCE:ETHUSDT   Ethereum / TetherUS
Just made this short video to explain the concepts of Wolfe Strategy which I recently published.

Wolfe wave is popular concept among option traders. However, I have made some tweaks in this strategy to standard wolfe pattern trade rules.

  • Entry price based on breakout
  • No moving target - using flat target.
  • Entry is done based on risk reward
  • Not time bound
  • Intelligently decides whether to place stop order or limit order

Few possible future improvements

  • Make bidirectional trades possible
  • Better filters to chose long and short trades or when to trade
  • Lot can be improved on Wolfe scanner to identify more patterns
  • Exit strategy - can introduce optional trailing

Thanks for listening. Hope you enjoyed and learnt something from this :)

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