Trend Magic Algo uses one set of logic for entries and another for exits. It only make sense to use different sets for entries and exits. Trend Magic Algo entires are based largly on trend magic indicator to determine a new trend. Stops are trailed with custom trailing stops using SAR indicator.
In one year algo took 321 trades, using only one MNQ contract with an astonishing profit results.
Over $4000 in profits…
This is a trend following strategy that aims to capitalize on big moves. Even though currently win ratio is somewhat low, only 39%, the profits are far greather then losses. As you see avearge losing trade is $65, while average winning trade is $135, which is more then a double.
You can adjust trailing stops to be faster or slower to keep your profits.
Youtube video here
Below you can find settings that were used during the backtest. If you want to keep more profits then you use regular SAR settings which are 0.02, 0.2, 0.02. If you want to have more room you keep 0.025, 0.2, 0.025
Please note, if you want to backtest this strategy be sure to select Show historical trades and Tick Replay
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Author: Boris Tkachev
trader