Hi guys, I am going to backtest a strategy which uses only two indicators which are
Ichimoku cloud and Parabolic SAR.
As a science-student especially in asian country, I can say that I spend about my entire life to study apart from sleep. Therefore, I will consider swing trading strategy (looking purely at D1 time frame, so that I can watch less than 5 minutes everyday and delete that apps(to remove emotions) and therefore I have more time with my studies and reading all that stuffs.
I need to form a group of (4-5people) using telegram, to backtest different pairs, if anyone interested here let me know, I will drop a telegram link and removed it once the people is enough.
So the idea is that, only buy when price is above the cloud and sell when the price is below the cloud. Stop loss is always 100 pips and target profit is based on the trend following strategy. Risk per trade is 1%. There are many “gurus” pointed out that 1)risk management and psychology is more important than your strategy.2) There are no 100% strategy. 3)I believe as long as we follow our trading strategy, proper risk management, then we will be still a profitable in the long run.
Sell the pairs when:
1)price below the cloud.
2)the dot above the price.
3)close your trade when the dot is formed in the opposite site, or it gets stopped out.
Buy the pairs when:
1)price above the cloud.
2)dot below the price.
3)Step out the trade when the dots is above the price or the price hits your stop losses.