StochsticRSI with Clouds, Double Entry

Submit by Kris

StochsticRSI with Clouds Double Entry is a trend momentum strategy that looks for the trend but enters with in position with a possible double entry with the StochasticoRSI and the RSI. This feature makes this classic strategy more speculative and does not disproportionately increase the risk. However, the risk remains acceptable.

Setup Strategy TradingView

Time Frame 3 min or higher

Currency pairs: any,Major Crypto, Indice and Stocks.

Platform TradingView (this strategy is based on two costumizzed TradingView indicators (pine script).

Indicators:

EMA Cloud Elle (Ema's: 4, 5, 8,21, 34, 50).

Stoch RSI (3,3,3, 9,8,) this indicator generates two arrow the first (long arrow) StochRSI, the second short arrow (RSI).

(Search in pubblic library TradingView StochRSI Strategy and Ema Cloud Elle)

Trading Rules StochsticRSI with Clouds, Double Entry

Trades only in the direction of the trend.

The trend is defined by the cloud. the two clouds must have the same color. When they have different colors they don't get into position.

Clouds green color = trend up

Clouds red colr = trend down.

Buy

Cloud green + buy arrow of Stochastic RSI or buy arrow of RSI.

Sell

Cloud red + sell arrow of Stochastic RSI or sell arrow of RSI.

Exit position at opposite arrow, when the clous changes direction close all open positions, or, with ratio stop loss 1: 1.1.

Max tre position opens in the same direction.

The multiposition is optional. Only when one is an expert in this strategy. 

Example of trades