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EWOWithSL Strategy: The "Wave Indicator" with Stop-Loss

Nickname: Stop-Loss Little Guard
Career: Trend Follower
Timeframe: 15 Minutes / 1 Hour

1. What's This Strategy?​

EWOWithSL is:

  • Uses EWO (wave indicator) to find buy/sell points
  • Comes with strict stop-loss (-3%) to protect capital

It's a "with insurance" strategy! 🛡️

2. Core Settings​

Take-Profit Rules (ROI Table)​

Immediate exit (0 minutes)     → Earn 8% and run!
After 60 minutes               → Earn 4% and run!
After 180 minutes              → Earn 2% and run!

Stop-Loss Rules​

Hard stop-loss: -3%

3. What Is EWO?​

EWO = Short-term MA - Long-term MA

  • Positive number = "Bulls have the advantage"
  • Negative number = "Bears have the advantage"
  • From negative to positive = "About to go up!"
  • From positive to negative = "About to go down!"

4. Buy Conditions​

Core Condition​

Yesterday's EWO < 0 AND Today's EWO > 0 AND Volume is present

Plain English:

"EWO turned from negative to positive — momentum got stronger, buy!"

5. Sell Logic​

5.1 Sell Conditions​

EWO from positive to negative

5.2 Stop-Loss​

Down 3% and you run!

6. Technical Indicators​

IndicatorPurpose
EWOMomentum judgment
VolumeConfirm signals

7. Risk Management​

Protection Layers​

Protection LayerFunction
Hard stop-loss-3%
Trailing stopProtect profits

8. Strategy Characteristics​

Pros​

  1. Simple and direct: Just watch EWO crossover
  2. Strict stop-loss: 3% protects the capital
  3. Strong adaptability: Multiple timeframes

Cons​

  1. Oscillating markets are average
  2. Lacks filtering

9. Applicable Scenarios​

Market EnvironmentRecommended Action
Clear trendWorks great
OscillatingNot suitable

10. Summary​

One-Line Rating​

"EWO strategy with stop-loss — simple and disciplined!"

11. What Markets Does This Strategy Make Money In?​

Market Performance​

Market TypePerformance Rating
Clear trendExcellent
OscillatingPoor

12. Want to Run This Strategy?​

Configuration​

minimal_roi:
  "0": 0.08
  "60": 0.04
  "180": 0.02

stoploss: -0.03

13. Final Warning ⚠️​

Risks​

Oscillating markets = frequent crossovers = losses!

My Suggestions​

1. Only use when the trend is clear
2. Set stop-losses
3. Diversify investments

Remember: Simple ≠ Effective! 🙏

Final Reminder: Test with small positions! 🙏