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Ran a backtest of @EmperorBTC& #39;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& #39;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& #39;s not enough data on the day yet to get actionable insights from the VWAP location - just ignore
