I will take the optimized strategy we reviewed in the last video but this time taking half profit at a 1:1 Risk Reward (RR) moving the rest of the position to breakeven, and then let the rest go to 2:1.
How will changing the profit targets change our profits? Lets find out…
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Trader’s Landing is a trading system review and education channel. By testing indicator based trading strategies we are able to learn and understand a system’s performance by using a repeatable and clearly defined trading criteria that has a predictable performance through a series of many setups. These trading systems can be ported over to many instruments such as Forex (FX), Cryptocurrency (Crypto), Options, Stocks, or anything that has a chart and a significant amount of volume and market participants.
WARNING: Be sure to do exhaustive backtesting and forward testing before you actually start trading real funds. For your convenience below is a link to the official Trader’s Landing backtesting spreadsheet and tutorial video.
See a trading system you would like tested on this channel? Be sure to let me know, including links where you found it, and any other pertinent information. In many ways you are the eyes and ears of this channel.
To view the original video please use this link: https://www.youtube.com/watch?v=WmZdJE3sqL8
🏆 Trader’s Landing Score: 7
Indicators
200 EMA
MACD
PSAR
Long Entry
Price above the 200 EMA
PSAR long entry signal
Either MACD or signal line below 0
Short Entry
Price below the 200 EMA
PSAR short entry signal
Either MACD or signal line above 0
R:R
Half position 1:1
Then move to Break-Even and target 1:2 for the 2nd half.
Where to set Stop
For long before the last low
For shorts before the last high
Link to our Testing Performance Spreadsheet: https://cutt.ly/KnWwBSf
Timestamps:
00:00 – Does Changing Take Profit Levels Increase GAINS?
01:15 – Indicators, Rules & Examples
04:33 – Test
05:03 – Testing Results
Indicators I tested on my channel so far:
ATR Bands, Donchian Channels (DC), Double Exponential Moving Average (DEMA), Dynamic Structure Indicator, Exponential Moving Average (EMA), Heikin-Ashi Candles, Ichimoku Cloud, Money Flow Index (MFI), Interstellar Buy/Sell, Interstellar Trend, Multi Timeframe EMA, QQE (Qualitative Quantitative Estimation) Mod, Relative Strength Index (RSI), SSL Channel, SSL Hybrid, Stochastic (STOCH), Stochastic RSI, SuperTrend STRATEGY, Time Segmented Volume (TSV), VuManChu Swing Free, Waddah Attar Explosion V2, Weighted Average Price (VWAP), Williams %R
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Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
