I hope everyone who celebrated had a great Thanksgiving.
I've received considerable feedback on the current swing trading approach (thank you, sincerely), and put considerable time into assessing and re-evaluating its effectiveness over the last several weeks.
To be frank, I was not happy with it.
The signals were too confusing, win rate was too low, and average loss PNL too high.
I was unable to run the Patreon as I wanted with the available time on my hands, and the lack of live signals for a system not scripted on TradingView was a serious shortcoming.
With all signals closed, I've decided this is the time to launch v2.
I've run a full backtest on Bitcoin over the last 5 years, and the system showed 1330x returns during a time when the market returned 24x.
I wanted to share with all subscribers.
Key Links:
Access the indicators: TradingAlpha website
Receive newsletter issues: Become a member
Please read below to learn what it's all about.
New System
I've spent months researching this in parallel with the old system. It uses tools from a well-respected, successful trader @ZeroHedge_.
He has has spent an enormous amount of time building this toolset.
My strategy with it is based on the Dots and Trackline tools.
Timeframe: 3-Day
The rules are...
Backtest
I've taken the time to run an extensive backtest on this strategy over the last 5 years of the Bitcoin chart.
Here are the results...
Compounded Gains: 1330x
Market During Same Period: 24x
Win Rate: 53%
23 wins, 12 losses, 8 break-evens
Avg Win PNL: 49%
Avg Loss PNL: -8%
Here are the links you need to deep dive...
How it Fits in Newsletter
This is only one of several strategies possible with these tools, and there are many others offered in his packages.
Going forward, I intend to consistently share setups on multiple timeframes, bull and bear, across multiple assets.
As always, you must be a member to receive newsletter issues.
Some setups will follow the above strategy for assets like BTC and ETH, and some will come from low and high timeframes for various assets, as I find them.
You can expect multiple setups and updates to be shared in the swing trading section of each issue.
Accessing The Indicators
You can certainly choose to simply follow any signals published in issues without having access to the indicators.
However, a clear downfall of the prior system was the lack of a live system, so, accessing these tools through your own TradingView account is recommended.
I want to be completely transparent. These are paid tools.
My research has convinced me they offer more than enough value and legit edge in the market.
Most traders find they pay for themselves in 1-2 trades.
Successful trading is about finding the tools and strategy that work for you. On your preferred timeframe.
Ones that let you to leave emotions completely aside, and objectively follow a set of rules no matter the sentiment or narrative.
Keep losses small and wins larger.
Plenty of successful traders use other approaches. These won't be for everyone.
Through my work with @ZeroHedge_ to learn this system, he offered to compensate my efforts through an affiliate partnership. I receive a commission on indicator purchases. So, it is in my interest for you to adopt this strategy. And in my interest for it to work.
I've never promoted paid tools before. Always shied away from any affiliate partnerships.
I've turned down 7 figures to Twitter shill and spam all kinds of projects and exchanges. This space is relentless in the marketing attempts.
To me, this partnership was different. I believe in the tools, respect the trader behind them, respect the work that's gone into them, consider them more valuable than they cost, and find it worthwhile to build a strategy around them.
What's Next
There is a large community and collection of self-learning resources for these tools outside of the setups I will share.
I encourage you to visit the Trading Alpha website to review the available packages, explore the resources, or ask questions.
In this newsletter, most setups will involve the Dots and Trackline tools.
Please note these are only available in the yearly Alpha Bundle you'll find on the site.
I also encourage you to deep dive into the above backtest.
1330x returns through bull and bear periods is no joke.
Looks like serious value to me! $8 a month for a professional quality swing trade system. Always serving the community TD!
Hey, techdev! I see that most of the wins for this trading strategy is in the beginning and most of the losses are towards the end. Is there any reason for this? And is this a trend that will continoue?