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Wolf & Bear

Wolf & Bear

­čôł TradingView Strategy: https://www.tradingview.com/script/kUzfhCaQ-Wolf-Bear-by-DaviddTech/

­čŹ┐ Watch video: https://www.youtube.com/watch?v=sKfp0zp8gyA

Strategy : [Wolf & Bear]
Video : 80% Win Rate SIMPLE and PROFITABLE 15 minutes
Scalping for Crypto, Forex & Stocks´┐╝
Trading is easy, however, consistently profitable trading is where the difficulty lies. Traders since the beginning of time have tried to come up with a strategy that they could use in order to increase their win rates while minimizing their risk. In this article, we go over one of the ways in which you could do so, by using the Triple SuperTrend in conjunction with volumes as a trading strategy. We discuss the different indicators, settings used, and also go over the results. Read on to find out more. 

INDICATORS EXPLAINED There are 3 main indicators used in this trading setup, and each of these indicators has been explained below in detail. 

Squeeze MomentumThe Squeeze Momentum indicator can be used to identify volatility, as it indicates whenever voaltility increases or decreases. After every movement in a certain direction, the trend ends and the market begins to consolidate at that price level. The Squeeze Momentum indicator can help identify when this happens so that trading strategies can be adjusted accordingly.

MACD The Moving Average Convergence Divergence or the MACD is a momentum-based indicator that shows the relationship between two different EMAs. It is calculated by s

ubtracting the EMA over the larger period from the EMA over the shorter period. This line can then be superimposed over another EMA line (called the signal line) in order to use as a buy or sell signal. Usually, traders go long when the MACD is above the EMA, and short when the MACD is below the EMA.

Wolfpack IDThe Wolfpack ID indicator is primarily used for the confirmation of a trade. Whenever all the other criteria have been met in the trading strategy, the Wolfpack ID can be looked at for a final confirmaiton. Usually, you only enter a long whenever the Wolfpack ID line is green, and shorts when the Wolfpack ID line is red.

SETTINGS┬á´╗┐´╗┐For this particular trading setup, the following settings were used on the indicators:

**Squeeze Momentum**: All the default settings were used.**MACD:** An additional MACD line was added in order to be able to spot reversals.**Wolfpack ID:** All the divergence lines were removed.The Squeeze Momentum indicator has two parts: the bars are colored in green or red, and they also have a light or dark element to them. A dark bar indicates that the trend is now being reversed. A long will be initiated whenever the bars shift from red-white bars to red-dark bars. In addition to this, the MACD line should show a reversal and the Wolfpack ID line should be green.

A short will be initiated whenever the Squeeze Momentum bars shift from green-white to green-dark bars. In addition to this, the MACD line should show a reversal and the Wolfpack ID line

should be red.

The risk-reward ratio was set at 1:2.

RESULTS´╗┐´╗┐Initial Results┬áAfter a 15-minute scalping session over the course of 7 months worth of past data, the overall results were:┬á

**Profitability**: 118.59% net profit 

**Number of Trades: **387

**% of trades profitable: **80.36% 

**Profit factor**: 1.442

**Drawdown:** 20.01%

CONCLUSIONThere are several highly profitable trading strategies that you can use in order to trade the markets and profit, but there are few that are as highly effective as the one discussed above. By implementing it even in its current form, you can make significant profits. You can also tweak the settings and alter the parameters on your own, resulting in a higher win rate and/or profitability. 

/add_all StaticNoiseLog

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