My Strategy

[PogoWasRight]

I enter trade with following condition:

1. Stock is trading above 50 day SMA
2. Stock is trading above 200 day SMA
3. MACD crossed signal line day before yesterday (trigger)
4. Divergence rise was less than 400% while crossing signal line

I exit the trade when MACD falls for the first time after buying the stock.
My stoploss is: -2.50 %.

I make around 3 % in 15 days using this strategy.

How would you guys review my strategy?

 

[Biswajit Das]

I enter trade with following condition:

1. Stock is trading above 50 day SMA
2. Stock is trading above 200 day SMA
3. MACD crossed signal line day before yesterday (trigger)
4. Divergence rise was less than 400% while crossing signal line

I exit the trade when MACD falls for the first time after buying the stock.
My stoploss is: -2.50 %.

I make around 3 % in 15 days using this strategy.

How would you guys review my strategy?

thanks for your strategy....
please, upload your chart for better understanding

 

[PogoWasRight]

I use MS excel to maintain my finances. So should i upload that or use some particular trading tool?

 

[raul12]

I use MS excel to maintain my finances. So should i upload that or use some particular trading tool?

If you could upload the image explaining the entry/exit points as per your strategy then it'll be easier for others to understand your strategy and hence provide better feedback on it.

 

[ethan hunt]

I enter trade with following condition:

1. Stock is trading above 50 day SMA
2. Stock is trading above 200 day SMA
3. MACD crossed signal line day before yesterday (trigger)
4. Divergence rise was less than 400% while crossing signal line

I exit the trade when MACD falls for the first time after buying the stock.
My stoploss is: -2.50 %.

I make around 3 % in 15 days using this strategy.

How would you guys review my strategy?

Kindly explain:

Divergence rise was less than 400% while crossing signal line

any charts ?

 

[mastermind007]

I enter trade with following condition:

1. Stock is trading above 50 day SMA
2. Stock is trading above 200 day SMA
3. MACD crossed signal line day before yesterday (B]trigger/B])
4. Divergence rise was less than 400% while crossing signal line

I exit the trade when MACD falls for the first time after buying the stock.
My stoploss is: -2.50 %.

I make around 3 % in 15 days using this strategy.

How would you guys review my strategy?

Pogowasright

Generally speaking, entry part of a strategy constitutes only 1/3rd of it. 1/3rd is Exit and 1/3rd is holding/managing the trade. Accurate entries are not enough to make profits. So, please elaborate on that.

Next, although you've mentioned your rules, they are little bit inaccurate. I am taking liberty to add what I think is missing to (a) To improve accuracy of the definition (b) encourage you to define it more clearly (c) ensure that I/others understand your strategy exactly so as to give you specific review.

Everything in bold is my addition.

1. Closing price of Stock is trading above 50 day SMA of its Closing price, one day prior, and computed on closing basis
2. Closing price of Stock is trading above 200 day SMAof Closing price, one day prior, and computed on closing basis[/B][/U][/U]
3. MACD(12,26,9) crossed its signal line from below to emerge upwards on day before yesterday (trigger) and stayed above the signal line for yesterday
4. Divergence rise was less than 400% while crossing signal line ??????????
   
5. Take a long trade on opening of the day on which above conditions are met and trigger condition is fulfilled