MCHP - May 24 (MATREND v1.6)

Entered Short MCHP based on the 29 May signal. This is a good exploration probe because if price breaks the resistance we should see some good downward movement.

Regime Indicator: Bearish

v1.6
Exit rule tweaked to Daily 10SMA
Calibrated entry specs, to slightly loosen up the Stoploss
atr_x = 2.5
entry_atr_xfactor = 3.7

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This is a simple systematic Trend strategy where entry is based on two conditions

1. Price crossing over the EMA
2. The present ATR is less than an ATR multiple

The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback

Risk
Fixed & tight SL based on ATR multiples closes trades fast
Closing of the trades is a simple price cross over the daily SMA

This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.