What if I gave you all these stats? How would you trade it?
I ran a bunch of stats on a signal generator that I have. These signals are generated using an impulse reversion logic that I created. I'm trying to figure out how best to make a winning strategy with options. I believe I have such a strategy, but I'm not an option trading expert so that I would like your thoughts and opinions. Based on my math, it requires two option contracts at any given time, and IWM has a pretty sweet profitability of about $1.20-$1.70 per signal.
A signal has an entry price. A certain distance from that will be the TP price, and below the entry, with a certain distance, would be the SL price.
Once Entry triggers, SL is hit 73.62% of the time If not TP is hit 26.38% of the time TP is hit within a day 98.53% of the time SL is hit within a day 99.65% of the time Often, SL is hit within 3.3hrs 97.16% of the time After SL, TP is hit 88.90% of the time Within 3 days, previous SL trades hit TP 87.24% of the time After SL price can move another $1+ from the SL level 52.73% of the time The average TP distance is $1.18 from Entry The average SL distance is $0.40 from Entry
marketoracle.io - Mathematical trading system 🤓
- Professional Discord server 💬
- Pump signals on cryptos with 94% probability for 20%+ gains! 🤑
- Inversion indicator
marketoracle.io - Mathematical trading system 🤓
- Professional Discord server 💬
- Pump signals on cryptos with 94% probability for 20%+ gains! 🤑
- Inversion indicator
Starting at $100/month
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.