The youtuber tested a trading strategy with 100 trades and found it gave a 198 profit. The strategy involves using the Gaussian channel indicator on a 30-minute timeframe. To execute a buy position, wait for a positive candle to touch the advanced Bollinger band middle line, then set a stop loss at the lower Bollinger band line. The trading view link is available in the youtuber’s bio.

Testing a Trading Strategy: My Experience and Insights

As someone who has been trading for several years now, I’m always looking for new strategies and techniques that can help me maximize my profits and minimize my risks. Recently, I came across a trading strategy that caught my attention – the Gaussian Channel DW indicator developed by Donovan Wall. Intrigued by its potential, I decided to dive in and test it out for myself. Here’s what I found:

Step 1: Setting up the Indicator

To begin with, I went to Trading View and clicked on the “Indicators” tab. From there, I typed in “Gaussian Channel DW” and selected the option developed by Donovan Wall. Finally, I set the time frame to 30 minutes, which is the recommended timeframe for this strategy.

Step 2: Identifying Buy Positions

Now that my indicator was set up, the next step was to identify the buy positions. According to the Gaussian Channel DW strategy, a buy position is indicated when the candle touches the advanced Bollinger Bands middle line and creates a positive candle with a reverse pattern. This means that the price has dropped significantly before climbing back up.

Step 3: Executing the Trade

Once I had identified a potential buy position, the next step was to execute the trade. To do this, I used a market order and set a stop loss at the lower Bollinger Bands line. This helped to minimize my risk and ensure that I didn’t lose too much money if the trade didn’t go as planned.

Step 4: Testing the Strategy

With my trading strategy in place, I was ready to start testing it out. Over the course of 100 trades, I carefully tracked the results to see how well the strategy performed. By the end, I was pleasantly surprised to see that I had made a profit of 198. While this isn’t a huge amount in the grand scheme of things, it’s certainly a respectable profit for just 100 trades.

My Insights into the Gaussian Channel DW Strategy

Based on my own experience testing this strategy, I have a few insights and observations that I’d like to share with fellow traders.

Firstly, I found that the Gaussian Channel DW strategy worked best for shorter-term trades (around 30 minutes). This is because the indicator relies heavily on short-term trends and fluctuations, and so it’s not as effective for longer-term trades.

Secondly, I found that this strategy was most effective for trading currency pairs. While it can be used for other types of assets (such as stocks or commodities), I found that it tended to perform best when used for forex trading.

Finally, I would caution traders to use this strategy carefully and not rely on it too heavily. While the Gaussian Channel DW indicator can certainly be useful, it shouldn’t be the only tool in your toolbox. As always, it’s important to do your own research, stay up-to-date with market trends, and carefully consider your trades before executing them.

Conclusion

In conclusion, the Gaussian Channel DW trading strategy is certainly worth considering for traders who are looking for new and innovative ways to trade. By following the steps outlined above and taking a cautious approach, it’s possible to potentially earn a respectable profit with this approach. However, as with any trading strategy, it’s important to do your own research, carefully track your results, and always be willing to adapt and adjust your approach as needed.