General Description and Unique Features of this Trading Robot
Introducing the VWAP Breakout Trading Algorithm for TradingView – the timeless strategy designed to identify the highest probability entries and trades for all financial securities and timeframes.
Unlike other strategies, the VWAP Breakout Strategy considers the buying/selling pressure in the market and supply/demand balance to generate real-time trading signals. The Relative Strength Index (RSI) is used as a technical measure to capture typical breakouts from consolidation periods and pullback entries.
With flexible backtesting options, traders can improve parameter settings depending on their time horizon and the type of financial securities being used. Plus, this pro-version of the VWAP Breakout Strategy offers stop-loss, take-profit, and trailing stop-loss exit strategies for better risk management.
The VWAP Breakout Strategy combines a number of technical indicators, the Moving Average (MA), the Volume Weighted Average Price (VWAP) and the RSI-qualifier to identify potential trend reversals and entry/exit points in the market. The VWAP Breakout Strategy can be used in conjunction with other technical indicators and fundamental analysis to make more informed trading decisions.
To further optimize trading results, this strategy generates trading signals based on real-time price action, rather than relying on the close / open of candles.
Backtesting has shown outstanding results on all timeframes, with drawdowns reduced to a minimum level. With a starting capital of 100k USD and a position size of 25% of equity, the backtesting example for SMCI (US Stock) produced impressive results.
Don't miss out on this timeless strategy and start using the VWAP Breakout / Pullback Trading Algorithm for TradingView today!
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Unlimited access post the free trial-period: USD 69.- (Safe purchase via Stripe)