π This script is not a trading indicator but an exit investment indicator.
After a big move and especially when we're at All-time-high or all-time-low levels, it's really a best random guess to exit. We designed this algorithm to give an early TOP/BOTTOM signal allowing to exit near:
the highest price of a LONG movement
the lowest price of a SHORT movement
We built this system knowing the followings:
1) Any asset moving strongly UP or DOWN will retrace at some point. 2) And the faster it goes UP/DOWN, the more violently it will retrace.
This is one of the few guarantees we have in trading - the market MUST punish the greedy investors/traders who dare never taking profit
This indicator is really amazing
π Performance
This is a very simple trading strategy.
It's never easy to take profit as we always fear of missing out.
Now, it's much easier and designed to:
multiply your stack
give a few trades per year only
What to do after exiting your stack?
1) Best case scenario:
You were long and exited and then it drops a lot. The perfect scenario where we can get back in with a dollar cost average methodology or using your favorite trading indicator(s)
2) You exited but it keeps going and going
That's totally OK to take profit, this is never a mistake - repeat it an hundred times until your brain agrees with this statement. Of course, you can re-enter using your favorite indicator(s)
Even if the scenario 2) happens, the scenario 1) should largely offset the missed-out profits.
Which asset classes?
Compatible with anything than can be held long-term.
Namely, cryptocurrencies, stocks, commodities.
β Which Timeframes?
It's compatible with an hourly and a 2-hours timeframes. We mostly use here the H2 timeframe to exit our HODL positions
π Alerts
Alerts are obviously enabled for both directions
Best regards Dave
γͺγͺγΌγΉγγΌγ
β
V2.0 Optimized the exit signals Reminder: to be used on an 2-hours timeframe and to exit after a big upwards/downwards movement
Gracias anticipadas