Range-Position Breakout on IBM (3h) (😎 VLAD)
Trades IBM stock on 3-hour bars, long only. It buys when the close sits in the top 10% of the last 50 bars' high-low range, right up against the recent high. Each trade has a 1.5% stop loss and a 3% profit target. The bet is that a stock closing near the top of its range has buyers in control, and that strength carries on a little further. Backtested on NYSE:IBM, 3-hour bars, February 2020 to Sept
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From DaviddTech classroom · Opensource. Past results don't predict future ones. Not financial advice.
Try Range-Position Breakout on IBM (3h) (😎 VLAD)
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Back-tests and forward tests are simulations; past results do not predict future ones. Nothing here is financial advice. Trading carries a high risk of loss.