I found a video on the CA Rachana Phadke Ranade YouTube channel that features a pivot based swing trading strategy designed for the NIFTY. I added some secret sauce and came up with this complete trading system that seems to perform well on equities, crypto, and the Fx markets. Because this is not my system I am giving away the TradingView strategy for free, enjoy.
In addition to reviewing the indicators, providing exact entry rules, defining the take profit and stop loss levels, testing it, reviewing the results, discussing the equity curve, and scoring the system on a scale of 1 to 10, I also share my 6 optimization tips that you can try in your own trading system development. Do not neglect back and forward testing, that is critical.
⏱️ Timestamps ⏱️
00:00 – Start
01:34 – Indicators
03:29 – Examples
05:59 – Results, Equity Curve, Score
07:17 – Optimization
⚙️ System Specifics ⚙️
📛 System Name: The CA Rush
🏆 Trader’s Landing Score: 7
🎹 Instrument: Alibaba Group Holding Ltd. (BABA)
⌛ Time Frame: 1-Hour (H1)
👀 TradingView Indicators
Links to indicators located here: https://traderslanding.net/indicators/
Name: Pivot Points
Inputs: Default
Style: Default
By: TradingView Built-In
Name: Exponential Moving Average (EMA)
Inputs: Default
Style: White
By: TradingView Built-In
Name: SuperTrend
Inputs: Default
Style: Default
By: TradingView Built-In
Name: ATR Bands
Inputs: ATR Multiplier Upper = 2, ATR Multiplier Lower = 2
Style: Orange
By: AlexanderTeaH
☝️ Long Entry
1) Price is above the 200 EMA.
2) SuperTrend Buy signal.
3) Price cross above a pivot point.
👇 Short Entry
1) Price is below the 200 EMA.
2) SuperTrend Sell signal.
3) Price cross below a pivot point.
🔥 Risk to Reward: 1:2
🛑 Where to place stop-loss:
For Longs: Two times the ATR value of and below the entry candle.
For Shorts: Two times the ATR value of and above the entry candle.
🚀 Where to take profits: Two times risk.
Original video from @CARachanaRanade channel: https://youtu.be/7Onpd8iMXpQ
