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Simple Trailing Stop Long 1-Hour Strategy

by TrendSpider Team
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This strategy uses a 1-hour timeframe (30 minutes for MSFT) and incorporates a simple trailing stop, stop loss, and take profit. It avoids momentum exit signals. Tested for long positions on AAPL, MSFT, and TSLA, makes it likely applicable to other similar stocks in the Consumer Electronics and Information Technology industries.

Entry Conditions

All of the following: # Webster Power Trend Entry
  60min Exponential Moving Average (21, 0, close) > 60min Simple Moving Average (50, 0, close)
  60min Exponential Moving Average (21, 0, close) (1 candles ago) > 60min Simple Moving Average (50, 0, close) (1 candles ago)
  60min Exponential Moving Average (21, 0, close) (2 candles ago) > 60min Simple Moving Average (50, 0, close) (2 candles ago)
  60min Exponential Moving Average (21, 0, close) (3 candles ago) > 60min Simple Moving Average (50, 0, close) (3 candles ago)
  60min Exponential Moving Average (21, 0, close) (4 candles ago) > 60min Simple Moving Average (50, 0, close) (4 candles ago)
  60min Chart(low) > 60min Exponential Moving Average (21, 0, close)
  60min Chart(low) (1 candles ago) > 60min Exponential Moving Average (21, 0, close) (1 candles ago)
  60min Chart(low) (2 candles ago) > 60min Exponential Moving Average (21, 0, close) (2 candles ago)
  60min Chart(low) (3 candles ago) > 60min Exponential Moving Average (21, 0, close) (3 candles ago)
  60min Chart(low) (4 candles ago) > 60min Exponential Moving Average (21, 0, close) (4 candles ago)
  60min Chart(low) (5 candles ago) > 60min Exponential Moving Average (21, 0, close) (5 candles ago)
  60min Chart(low) (6 candles ago) > 60min Exponential Moving Average (21, 0, close) (6 candles ago)
  60min Chart(low) (7 candles ago) > 60min Exponential Moving Average (21, 0, close) (7 candles ago)
  60min Chart(low) (8 candles ago) > 60min Exponential Moving Average (21, 0, close) (8 candles ago)
  60min Chart(low) (9 candles ago) > 60min Exponential Moving Average (21, 0, close) (9 candles ago)
  60min Simple Moving Average (50, 0, close) > 60min Simple Moving Average (50, 0, close) (1 candles ago)
  60min Chart(close) > 60min Chart(open)
  60min Volume (20, SMA), MA > 1000000
  60min Chart(close) > 20

Exit Conditions

Stop Loss Exit if lost more than 4.5% (after candle closes).
Trailing Stop Trailing stop at 6% (after candle closes).
Take Profit Exit if gained more than 25% (after candle closes).

Developer Info