🚀 Unlock Intraday Momentum Trading! 🚀
Thread by Peter - Cracking Markets@SystematicPeter · Oct 4, 2024 · 6 posts · 163 words · 1 min read
🚀 Unlock Intraday Momentum Trading! 🚀 Discover a proven systematic approach to day trading volatility breakouts using top ETFs & futures like SPY (SPDR S&P 500 ETF Trust) and QQQ (Invesco QQQ Trust). Let’s dive in! #DayTrading #TradingStrategy
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🔍 Core Strategy & Rules: Calculate ATR(5) Set Breakout Bands: • Long: Open + 0.4 * ATR • Short: Open - 0.4 * ATR Strict Stop-Loss: 0.4 * ATR Trade Once Long & Short Daily Simple yet effective! 📈 #VolatilityTrading #Momentum
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🎯 Risk Management: Risk 0.33% per trade Max Daily Risk: 0.66% Strict Stop-Loss to control losses Balancing risk and reward for consistent performance! #RiskManagement #TradingTips
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📊 Impressive Backtest Results: 9,023 Trades since 2018 27% Annual Return Max Drawdown: -32% Sharpe Ratio: 1.04 Solid performance with disciplined risk control! 📈 #Backtesting #TradingResults
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How It Generates Profits: Capture Intraday Trends Exit on Stop-Loss or Day End Use Leverage Wisely with futures for margin efficiency Maximize gains while minimizing overnight risks! 🔄 #ProfitStrategy #Leverage
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Learn more: https://www.crackingmarkets.com/day-trading-volatility-breakouts-systematically-all-rules-included/
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Marco@skewliciousView on X
You tested that in Realtest with intraday data?