PLUG NIKKEI

Description

This system has been created as a configuration of our core strategy PLUG-IN-BABY.

PLUG-IN-BABY is a multimarket and customizable system specialising in breakouts and rebounds. Works in a 30-minute timeframe and currently fits for multiple INDEX (FX and stocks under review). The strategy looks for rebounds and breakouts, increasing the portfolio’s robustness in complicated scenarios. The strategy is intended to be profitable in all cases, and extremely powerful in chopped scenarios simultaneously.

HOW IT WORKS PLUG-IN-BABY in general?

The system looks for entries in rebound or breakout scenarios and establishes an order at a specific entry price and establishes a price range for SL/TP (by default the goal is 2:1).  Is conceived as a ‘waiting hunter‘ that complements other strategies.

WHAT IS THIS ALGO?

A combination of 3 successful configurations (P61, P68 and P35. among the analysis of others) of PLUG-IN-BABY for the NIKKEI index, with 1 to 2 years of OutOfSample when released on March’24

-> V1.2 JANUARY 2025 – Changes to TS code and reoptimize it. Adds a control to do not operate at midnight, avoiding market data errors experienced causing system stops

–>V1.1 AUGUST 2024 – Adds an extra Trailing Stop (additional to the default that is checked daily), to avoid sudden up&downs in the market, on volatility moments.

WHAT TO EXPECT?

This system is conceived to launch positions ONLY in rebounds and ONLY LONG, then probably will not launch any new position in consolidated trends (this is not a trend-following system).  In addition, it can launch a different number of operations depending on the configuration and market conditions (some options/configs make to have more or less activity, depending on the goals of the configuration and the market conditions).

This system is prepared to have a low time in the market, and it’s usual to have a low win/loss ratio. However, with bigger profits in won positions and tight SLs, the strategy is profitable over time without well-looking ratios. With good risk management (do not stress the equity with a high number of contracts) and an increasing MM, this strategy fits perfectly to leave it run patiently in the background.

System ready to use, without any extra configuration.  The complexity of the core PLUG-IN-BABY strategy has been avoided, to provide this system working “out-of-the-box”, just configuring the number of contracts.

9 or 18 months license - Trading System for ProRealTime platform - Compatible with CFD accounts