After the last release of the first version of the Vegas Channel, I found this strategy to be profitable.
Therefore, I spent a lot of time optimizing it.
Currently, the initial entry point remains unchanged.
I made adjustments mainly for adding positions and determining the timing for closing positions.
Most of the time is spent waiting for opportunities.
I also try to open positions, and most of the time, it involves small gains or losses.
The strategy waits for significant market movements to achieve substantial profits.
These are my observations of the strategy from chart analysis.
It only performs well with trending commodities such as gold.
Below is an explanation of the entry and exit strategies after improving the Vegas Tunnel.
If you have any questions or suggestions, feel free to leave a comment.
Strategy Description
The entry strategy is the same as in the previous content, and I’ll reiterate it here, focusing only on the long position.
Additionally, this time, I’ve provided an explanation for the two-stage entry decision and added details about the in-trade assessment.
There are two main groups: Group 1 contains ma144 and ma169, Group 2 contains ma576 and ma676.
First stage condition:
- Group 1 is greater than Group 2, and ma12 is less than Group 1 is greater than Group 2
Second stage condition:
- Execute order when ma12 crosses above Group 2
Order in-process check:
- Review each order, and if the profit exceeds 2%, close the order.
- When the price reaches half of the set Take Profit (TP), modify the Stop Loss (SL) to the entry price.
- Adjust the SL to the lowest price of the past 20 candles.
- Review each order, and if there is a profit of 1%, add another order.
Backtesting Validation
Strategy Review
From the results of backtesting, it seems that this strategy I’ve developed recently is the best one so far.
I feel like I’m gradually improving.
However, I still hope that other experts can provide guidance, haha.
Exploring on my own took a lot of time, and I’m not sure if the backtesting results are accurate or effective.
Nevertheless, I have tested this strategy on a live account, hoping that the Vegas Channel can deliver the expected returns, haha.
Lately, I’ve been lacking inspiration.
I welcome anyone to send a message or share strategies that have been profitable for you.
I’m willing to help turn them into an EA.
I hope the EA mentioned above can also be helpful to you.
Feel free to reach out with any questions or for further discussion.