Chat GPT Momentum Strategy

1242% strategy
performance

877% buy&hold
performance

48% percentage
of winning trades

2.29 reward to
risk ratio

2.69% average
position return

-24.12% drawdown

A long strategy created by TrendSpider on TrendSpider. Tested at Deep (7,000 candles) of TSLA, 1 hour.

You can import this strategy into your TrendSpider account. Don't have TrendSpider? Create an account first, then import the strategy.

Chart type the strategy tested at: Candles. Market data: regular session. Trade by: open. Backtest results as of .

Entry Conditions

All of the following: # "Delta"
  60min Simple Moving Average (50, 0, close) > 60min Simple Moving Average (200, 0, close)
  60min Relative Strength Index (14, 70, 30, close) > 50
  60min Chart Break Through 60min Volume Weighted Average Price (14, 0, hlc3)
  60min Chart(close) > 60min Volume Weighted Average Price (14, 0, hlc3)

Exit Conditions

All of the following: # "Hotel"
  60min Simple Moving Average (50, 0, close) < 60min Simple Moving Average (200, 0, close)
  60min Relative Strength Index (14, 70, 30, close) < 50
  60min Chart Break Through 60min Volume Weighted Average Price (14, 0, hlc3)
  60min Chart(close) < 60min Volume Weighted Average Price (14, 0, hlc3)

OR ANY OF

Stop Loss	Exit if lost more than 5% (after candle closes).
Take Profit	Exit if gained more than 10% (after candle closes).