HOT TO trade LUNAUSD (Terra) on the daily chart
POW EDGE is in use on this trade idea.
We are working LUNAUSD on the daily chart .
Wanted to show our trend following strategy capabilities on catching moves in the crypto markets.
Chart shows LUNA price for the last few months.
EDGE caught the up trend followed by the now down trend.
Trade labels show all details for the trade set ups.
The red lines on chart are stop loss points and green lines are TP target.
That TP target line is based on TP3 on the printed trade labels.
Let’s see if LUNA carries on to the down side.
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What is our EDGE script?
Our script is a trend following strategy, and can be used on any instrument and time frame.
EDGE strategy simply sits in your trading view, so you will see exactly what we see – the trade, entry price, SL and TP values.
This script is a mechanical trading system which through third party services can be automated.
The script is based on numerous indicators and when all confluences are met trades will alert.
When using the script you are able to see all the indicators used in the settings.
These indicators values can then be changed individually to suit and fit the instrument traded.
We make use of Tradingview’s pine coding to have a built in strategy tester coded into the script.
Which means we can then instantly see back test results for instruments and know if what we are changing on the script settings will work or not on said instrument.
That means we are entering trades with confidence in our trading strategy.
Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position.
It also means we have clear set of trading rules for our entry, exit and risk management which removes any subjectivity from our trading.
Thanks for checking out my idea 👍
Darren.

