Tailored for long positions using AMD, this strategy employs a 1-hour timeframe. It focuses on breakouts through the upper Bollinger Band when the 20-day SMA trends above the 50-day SMA, setting a high risk/reward exit. Developed for a stock in an unspecified sector, it may be effective for other stocks with similar market behaviors.
Entry Conditions
All of the following: # "Echo"
60min Chart Break Through 60min Bollinger Bands ® (20, 2, 2, 0, close), Up
60min Exponential Moving Average (20, 0, close) > 60min Exponential Moving Average (50, 0, close)
Exit Conditions
| Take Profit | Exit if gained more than 15%. |
|---|---|
| Stop Loss | Exit if lost more than 3%. |