Discussion of article "Momentum Pinball trading strategy"
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
New article Momentum Pinball trading strategy has been published:
In this article, we continue to consider writing the code to trading systems described in a book by Linda B. Raschke and Laurence A. Connors “Street Smarts: High Probability Short-Term Trading Strategies”. This time we study Momentum Pinball system: there is described creation of two indicators, trade robot and signal block on it.
The rules for exiting the market are not clearly defined in the book: authors say about the use of trailing, about closing on the next morning and about exit higher then the first trading day High.
The rules for sell entries are similar - LBR/RSI should be within overbought area (higher than 70), a pending order should be placed at the Low of the first hourly bar.
Author: Alexander Puzanov