Equity:908.96 - New theory

Hi there, after using some back data, I have come out with a modified version of Bread N Butter. Talking about Bread N Butter, I just recalled it is a pretty expensive clothing brand. Hopefully one day I can be come rich enough to shop at the outlets.

Anyway below is a compilation of rules I made for my modified strategy

Setup

• 8 hour candlestick
• 20 period SMA
• 50 period SMA

Strategy

• 20 SMA crosses 50 SMA
• Wait for a slight reversal, and enter the trade the moment after the candlestick returns back to its trend
• Do not enter the trade if the slope of the 20 SMA is bending towards the 50 SMA again.
• Set stop-loss at slightly more than the previous high/low
• Set limit-stop 2 times the distance between the stop-loss and entry price

I decided to do away with the help of the stochastic graph, as it filters out some of the consecutive winning streaks of a trend. Below is a graph showing the results of using my above rules. Green circles are profits, and red circles are losses.
All the best!