Read on Twitter
Ran a backtest of @EmperorBTC's VWAP/RSI day trading strategy
- 4 assets, 25 tests each
- 2:1 RR, with a $250 risk per trade, SL at swing low/high
- 62% win rate, resulting in $22,500 in growth
Remained agnostic to my "gut", and traded purely on the 3 trigger conditions
- 4 assets, 25 tests each
- 2:1 RR, with a $250 risk per trade, SL at swing low/high
- 62% win rate, resulting in $22,500 in growth
Remained agnostic to my "gut", and traded purely on the 3 trigger conditions
a nice takeaway to reduce probably 10% of losses:
- most of the losing trades came from the VWAP flip being on the first 1-3 candles of the day, and reverting to a mean of price. As I said, I remained agnostic to that and tested anyways
Very nice strat @EmperorBTC !
- most of the losing trades came from the VWAP flip being on the first 1-3 candles of the day, and reverting to a mean of price. As I said, I remained agnostic to that and tested anyways
Very nice strat @EmperorBTC !
An example of this:
You can see the VWAP & Pivot crossed on the first candle of the day. Faked out immediately and went down to the stop (granted... back up shortly after)
There's not enough data on the day yet to get actionable insights from the VWAP location - just ignore
You can see the VWAP & Pivot crossed on the first candle of the day. Faked out immediately and went down to the stop (granted... back up shortly after)
There's not enough data on the day yet to get actionable insights from the VWAP location - just ignore
