SSL Channel and Wave Trend Entries with ATR-Based Exits
Summary
This strategy combines SSL Hybrid and SSL Channel direction signals with Wave Trend crossovers to enter long or short positions. It also requires the entry candle to stay below a height threshold, lie inside the Keltner Channel, and meet a target condition relative to an EMA. The overview refers to Bollinger Bands for the candle filter, while the parameters and code point to Keltner Channels, so that rule is described inconsistently.
Stop distance is based on ATR, and the profit target scales that distance by a risk-reward multiple. Portfolio risk percentage controls trade sizing, and the strategy includes drawdown controls and chart marks for stops, targets, and trade outcomes. No performance results are provided. The claimed reduction in false signals and strong win rate is not backed by reported data. Strict filters may miss trades, and the text warns that choppy markets and false breakouts can weaken results; parameter tuning across assets and timeframes is suggested.
Key ideas
- Long and short entries require aligned SSL Hybrid and SSL Channel direction signals plus a Wave Trend crossover.
- Candle height, channel location, and an EMA-related target filter further restrict entries.
- ATR sets stop distance, while a risk-reward multiple determines the profit target.
- Portfolio risk sizing and drawdown controls are described, but no measured performance evidence is reported.
- The strategy may miss opportunities and can struggle in ranging markets or around false breakouts.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.