HOOD: Best + 10-candle -3% cut

1072% strategy
performance

849% buy&hold
performance

45% percentage
of winning trades

6.49 reward to
risk ratio

8.28% average
position return

-29.30% drawdown

A long strategy created by TrendSpider on TrendSpider. Tested at of HOOD, 1 hour.

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HOOD 10 Candle -3% cut strat

Chart type the strategy tested at: Bars. Market data: regular session. Trade by: open. Backtest results as of .

Entry Conditions

All of the following: # EMA cross + ADX filter
  60min EMA(20,bars) Crosses ↗ 60min EMA(50,bars)
  60min ADX(14,bars) > 15

All of the following: # EMA bearish alignment
  60min EMA(20,bars) < 60min EMA(50,bars)
  60min Chart(close) < 60min EMA(100,bars)

OR ANY OF

# Candles Passed

Exit after 10 candles, only if PnL < -3%.