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Tradveller Momentum

Script from: TradingView

LongTerm

Trend following

Momentum

The 'Tradveller Momentum' combines trend following with a momentum-based approach, targeting continuous market trends. By buying outperforming and selling underperforming securities, the strategy capitalizes on the persistence of price momentum. Implementation varies from relative strength metrics to moving averages and technical indicators like MACD and RSI, suitable across different asset classes.

GALA / TetherUS (GALAUSDT)

+ Tradveller Momentum

@ 4 h

2.52

Risk Reward

63.08 %

Total ROI

131

Total Trades

FLOKI / TetherUS (FLOKIUSDT)

+ Tradveller Momentum

@ 4 h

2.50

Risk Reward

32.37 %

Total ROI

75

Total Trades

Cronos/Tether (CROUSDT)

+ Tradveller Momentum

@ Daily

2.41

Risk Reward

24.13 %

Total ROI

28

Total Trades

FTX Token / TetherUS (FTTUSDT)

+ Tradveller Momentum

@ 4 h

1.97

Risk Reward

51.17 %

Total ROI

208

Total Trades

JASMY / TetherUS (JASMYUSDT)

+ Tradveller Momentum

@ 4 h

1.70

Risk Reward

21.71 %

Total ROI

113

Total Trades

Premium users only

Premium users can access all backtests with a Risk/Reward Ratio > 3

@ Daily

10.10

Risk Reward

117.51 %

Total ROI

16

Total Trades

Premium users only

Premium users can access all backtests with a Risk/Reward Ratio > 3

@ Daily

10.00

Risk Reward

14.28 %

Total ROI

18

Total Trades

Elevation Oncology, Inc. (ELEV)

+ Tradveller Momentum

@ 1 h

2.45

Risk Reward

16.35 %

Total ROI

16

Total Trades

AMC Entertainment Holdings, Inc. (AMC)

+ Tradveller Momentum

@ Daily

2.41

Risk Reward

19.84 %

Total ROI

37

Total Trades

Riot Platforms, Inc. (RIOT)

+ Tradveller Momentum

@ 4 h

2.39

Risk Reward

74.30 %

Total ROI

108

Total Trades

Riot Platforms, Inc. (RIOT)

+ Tradveller Momentum

@ 2 h

2.10

Risk Reward

88.20 %

Total ROI

213

Total Trades

Plug Power, Inc. (PLUG)

+ Tradveller Momentum

@ 2 h

2.09

Risk Reward

75.44 %

Total ROI

274

Total Trades
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Guide

How does the Tradveller Momentum strategy work ?

The Tradveller Momentum strategy capitalizes on the continuation of existing market trends by employing a momentum-based investment approach. It focuses on purchasing assets currently in an uptrend and divesting from those in a downtrend. The strategy is built on the principle that price momentum often continues over short to medium-term periods, providing an opportunity for traders to follow identified trends and potentially realize profits across various asset classes such as stocks, bonds, commodities, and currencies.

  • Relative strength: This aspect involves comparing the performance of assets against a benchmark or peers within a particular timeframe to pinpoint leaders and laggards in the market.
  • Moving averages: The strategy uses moving averages, like the 50-day, 100-day, or 200-day, as trend indicators, creating signals for when to enter or exit positions.
  • Rate of change (ROC): By calculating the percentage change in price over a designated period, ROC helps measure the velocity and direction of price trends.
  • Trend-following indicators: Tools such as MACD, RSI, and Bollinger Bands are essential for identifying ongoing trends and making informed trading decisions.

The effective implementation of the Tradveller Momentum strategy is not market-specific and can be applied in both bear and bull scenarios, but it requires vigilance to the possibility of trend reversals, necessitating disciplined risk management and strategic adjustments.

How to use the Tradveller Momentum strategy ?

This trading strategy utilizes a specific algorithm within a TradingView script to signal trade entries and exits based on technical analysis indicators or price action criteria.

To trade this strategy manually on TradingView:

  • Determine the key indicators or price patterns the script uses to generate signals.
  • Manually plot these indicators on your TradingView charts.
  • Enter trades when the indicators align with the conditions specified by the script, and exit trades when the opposite conditions are met or a predetermined profit or loss level is reached.

How to optimize the Tradveller Momentum trading strategy ?

Improving the 'Tradveller Momentum' strategy with manual trading on TradingView involves a multifaceted approach that scrutinizes entry signals, manages risks, and maximizes profit potential. Enhancing its efficiency requires fine-tuning based on market conditions, disciplined trading, and continuous learning.

  • Refine Entry Criteria: Tighten the strategy's entry points by integrating additional confirming indicators such as the Stochastic Oscillator to avoid false breakouts, ensuring momentum is in favor before committing to a trade.
  • Optimize Exit Strategy: Develop a dynamic exit strategy that considers trailing stop losses or utilizes a time-based exit to secure profits and limit losses, adjusting the strategy to market volatility.
  • Employ Multiple Time Frames: Verify momentum signals by analyzing multiple time frames, enhancing confirmation and reducing the risk of trading against a dominating trend.
  • Adapt to Market Sentiment: Incorporate market sentiment analysis through news events and economic data releases, which can affect asset momentum and necessitate strategy adjustments.
  • Periodic Backtesting: Regularly backtest the strategy against historical data to identify areas of improvement, ensuring its principles align with current market dynamics.
  • Capital Allocation: Use a risk-adjusted position sizing model to balance the portfolio, allocating more capital to higher probability setups and less to riskier trades.
  • Diversify Asset Classes: Expand the strategy across diverse asset classes to spread risk and exploit momentum in various markets.
  • Implement Sentiment Analysis: Integrate social media sentiment and volume analysis tools to gain insight into potential market movements and trending assets.
  • Selective Trading: Execute trades selectively when high-probability setups align with overall market conditions, avoiding overtrading.
  • Continuous Education: Stay informed on trading techniques and market analysis by participating in trading forums and educational resources, refining the strategy over time.

By meticulously applying these enhancements, traders can make informed decisions and potentially improve the outcomes of their trades when using the 'Tradveller Momentum' strategy manually on TradingView.

For which kind of traders is the Tradveller Momentum strategy suitable ?

The 'Tradveller Momentum' strategy is particularly well-suited for traders who prefer a dynamic, active approach to the markets and excel in trend identification and momentum trading. This strategy is ideal for:

  • Swing Traders: Those looking to capitalize on medium-term market trends can benefit from the momentum signals.
  • Day Traders: Active traders seeking quick, decisive movements can use shorter time frames to gain from the strategy's signals.
  • Technically-Inclined Traders: Individuals who have a penchant for technical analysis indicators, such as MACD and RSI, will find this strategy aligns with their skillset.

Overall, the strategy caters to adaptable traders who are skilled at managing risk in fast-paced environments and can commit the time to analyze various asset classes and respond quickly to market changes.

Key Takeaways of Tradveller Momentum

  • Strategy Essence: Leverages continuous market trends, combining trend following with momentum investing for potentially profitable trades.
  • Works By: Buying assets with strong performance and selling underperformers, expecting the trend to persist over short to medium-term periods.
  • Manual Trading: Involves plotting relevant technical indicators such as MACD, RSI, and applying customized entry and exit points based on additional confirming signals.
  • Strategy Optimization: Refining entry criteria, adopting dynamic exit strategies like trailing stops, employing multiple timeframes, and backtesting to align with market conditions.
  • Risk Management: Utilizing risk-adjusted position sizing, diversifying across asset classes, and trading selectively based on high-probability setups.
  • Trader Suitability: Fits swing and day traders skilled in technical analysis, adaptable to fast-paced markets, and competent in risk management.
  • Automation and Alerts: Alerts based on specified indicators can complement manual analysis, streamlining the strategy for efficient execution.
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