IB Momentum Strategy

Trades inner bars with trailing take profit.
Exclusive to CTG!
Remove from Favorite Scripts Add to Favorite Scripts
This strategy trades the Inner Bars on your chosen trimeframe.
So, for a Long trade, the first Bullish candle encountered will be used a base to compare the next (second) candle, if this candle can fit entirely within the High and Low of the first canclle, an order is placed at the Low price of the first candle, plus a safety margin to catch the 3rd candle when it opens.
Stoploss is set (currently static but I am working on a trailing stoploss to backtest against this strategy which uses a trailing take profit.

CK mods over the original ideas cited below, include tighter stoploss, trailing take profit implementation, definable backtest range.
-> This strategy is intended to use $100 of capital, traded at 2.5% per order with 10x lev on bitmex
-> Best backtesting results (so far) achieved using Bitmex:XBTUSD chart on 27min/31min timeframes

Strategy with modifications by myself, original concept found at:
using original inspiration/idea from
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out