Trade Secrets by Pratik - Dual Intraday Strategy

2 jam yang lalu

The "Trade Secrets by Pratik" strategy is a high-momentum, dual-direction trading system designed to capture explosive moves after brief market pullbacks. It relies on a rigorous combination of trend-following moving averages and a strength filter.

1. Core Concept
The strategy identifies "Clean Pullbacks"—brief pauses in a strong trend where the price stays strictly away from the short-term average (10 EMA). This indicates extreme momentum, as buyers (in an uptrend) or sellers (in a downtrend) are too aggressive to allow a deeper correction.

2. Technical Filters
Trend Direction: Price must be above both 10 and 35 EMAs for Buys, and below both for Sells.

Strength Filter (RSI): Requires an RSI > 60 for Longs (to ensure high demand) and RSI < 40 for Shorts (to ensure heavy selling pressure).

3. Trade Execution
The Setup: Look for a "Floating Candle"—a Red candle for Buys or a Green candle for Sells that does not touch the 10 EMA.

The Trigger: A trade is entered only if the very next candle breaks the "Setup Candle's" high (Buy) or low (Sell).

Risk-Reward: Aim for a fixed 1:3 Ratio, ensuring that one winner covers three losing trades.

4. Safety Logic
The system includes a "No-Same-Candle-Exit" rule, preventing the script from triggering a Stop Loss on the same bar as the Entry. This filters out immediate price "whipsaws" and ensures the trade has room to develop.

2 jam yang lalu

Catatan Rilis

Few new Rules and changes made