I take a Double VWAP strategy from The Secret Mindset channel and turn it into a profitable complete trading system. In addition, I give 5 powerful optimization tips that will really boost the performance.
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⏱️ Timestamps ⏱️
00:00 – Start
00:32 – Indicators
02:42 – Long Examples
03:52 – Short Examples
05:13 – Testing Results & Equity Curve
06:21 – Trader’s Landing Score
06:37 – Optimization
⚙️ System Specifics ⚙️
🎹 Instrument: Bitcoin vs. US Dollar (BTC/USD)
⌛ Time Frame: 5-Minute (M5)
👀 TradingView Indicators
🏆 Trader’s Landing Score: 8
Name: Heikin-Ashi Candles
Inputs: Default
By: TradingView Built-in
Link: https://www.tradingview.com/support/solutions/43000619436-heikin-ashi/
Name: Trading Session Indicator
Inputs: Timezone to Highlight: 20:00 – 04:00
By: ZenAndTheArtOfTrading
Link: https://www.tradingview.com/script/xitSH979-Trading-Session-Indicator/
Name: Volume Weighted Average Price (VWAP)
Inputs: Default
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000502018-volume-weighted-average-price-vwap/
Name: Volume Weighted Average Price (VWAP)
Inputs: Bands Multiplier = 2
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000502018-volume-weighted-average-price-vwap/
Name: QQE (Qualitative Quantitative Estimation) Mod
Inputs: Default
By: Mihkel00
Link: https://www.tradingview.com/script/TpUW4muw-QQE-MOD/
☝️ Long Entry
- Price must be 4 hours away from the VWAP reset.
- Price closes below or touches either lower VWAP band.
- Bullish divergence on the QQE Mod.
- Enter on the first green Heikin-Ashi candle above lower VWAP band.
👇 Short Entry
- Price must be 4 hours away from the VWAP reset.
- Price closes above or touches either upper VWAP band.
- Bearish divergence on the QQE Mod.
- Enter on the first red Heikin-Ashi candle below the upper VWAP band.
🔥 Risk to Reward: 2:1
🛑 Where to place stop-loss:
For Longs: Below swing last low.
For Shorts: Above last swing high.