Albatross

Albatross is one of the best swing trading algorithms of Auric. This algo uses the idea of Dow theory which states that an uptrend is a situation where prices make higher highs and higher lows and downtrend is a situation where prices make lower highs and lower lows.

The algo uses inputs from the bollinger band as well and identifies support levels in the ongoing trend and generates signals. These signals have stop losses below the swing low and based on entry prices targets are calculated at atleast 1:2 risk reward ratio.

We recommend a holding period of 7 working days for this strategy.

How to Trade?

1. Try getting an entry near the mentioned entry price.

2. Put in a strict stop loss.

3. Reduce your holding by 35-50% when target 1 is hit. Then trail the stop loss to entry price.

4. Exit the trade after 7 days if neither stop loss nor target is hit.

To trade this strategy login to AuricAlgos.