VWMA_withATRstops_strategy

16 Nov 2020

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