How We Made Over 35% YTD Using The Olympus Cloud
In a year when the S&P 500 dropped as much as 25% and fear gripped the market, we have gained over 35% on our entire account by trading the NASDAQ.
We used the QQQ ETF, which tracks the NASDAQ, and the Olympus Cloud indicator on multiple time frames. Signals were derived from QQQ, and trades were taken on SQQQ. We used the daily time frame to determine when the longer term momentum turned bearish, and then used the 30m time frame to locate entries. We risked 2% of the total account on each trade.
When using a leveraged ETF we always recommend you do your analysis and charting on the underlying index. In this case the leveraged ETF and trading instrument was SQQQ, and the underlying index QQQ .
As you can see in the data section below this post, the Olympus Cloud shows 25% net profit, 68% trade accuracy, and a profit factor of 2.8. By using SQQQ as the trading instrument the real profit increased to over 35%.
We used the QQQ ETF, which tracks the NASDAQ, and the Olympus Cloud indicator on multiple time frames. Signals were derived from QQQ, and trades were taken on SQQQ. We used the daily time frame to determine when the longer term momentum turned bearish, and then used the 30m time frame to locate entries. We risked 2% of the total account on each trade.
When using a leveraged ETF we always recommend you do your analysis and charting on the underlying index. In this case the leveraged ETF and trading instrument was SQQQ, and the underlying index QQQ .
As you can see in the data section below this post, the Olympus Cloud shows 25% net profit, 68% trade accuracy, and a profit factor of 2.8. By using SQQQ as the trading instrument the real profit increased to over 35%.
➡️ View trading as a numbers game
➡️ Take on the business model of a casino
➡️ Find an edge that puts odds in your favor over a set of trades
➡️ Take on the business model of a casino
➡️ Find an edge that puts odds in your favor over a set of trades
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