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Personal Trading System Summary ver1.0 After three months of personal effort, the initially designed and prepared trading system: Basic Technical Analysis Framework: Price action combined with Vegas moving averages, focusing on intraday trading. Trading Cycle: 15 minutes and hourly levels. Entry: 1. K-line patterns meet bull flag or double top and double bottom, moving averages are aligned in a bullish or bearish trend, and the price reaches the corresponding EMA moving average position, the price is at verified support and resistance levels; any two of the three conditions must be satisfied to consider opening a position. Right-side openings are prioritized, while left-side openings should only be for tracking small positions.
2. Strongly breaking through key resistance levels, opening a position at the moment of the breakout or when testing the support-resistance conversion after the breakout, choose one of the two.
Stop Loss: For entry method 1, the stop loss is set near the previous high or low + 0.5 ATR. For breakout openings, the stop loss is set below the previous 15-minute K-line of the key resistance level before the breakout, with a fixed stop loss of 1% of the position for each trade.
Take Profit: Take profit 50% of the position at a two-to-one profit-loss ratio and set a breakeven stop; the remaining 50% of the position is either held long-term based on the situation or take profit at two or four times the profit-loss ratio. Outside of this, any increase is none of my concern.
Position Management: The maximum single trade stop loss is 1%.
Intervention Rules: In the case of having floating profits and retreating to the breakeven level. No intervention is made during the first retreat before hitting the stop loss. The second retreat should exit at breakeven. If there are floating profits, do not close the position before hitting the first take profit level; do not intervene, and if there are floating losses, close the position or intervene based on the situation.
Add Position: Considered as two trades, for example, hitting the moving average twice in the same trend without breaking down, continuous breakthroughs of resistance levels, etc. After adding a position, the stop loss remains unchanged, and the maximum loss is still 1%. Attention should be paid to position management.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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