simple yet effective , for testing i added ADR. entering only when ADR & green line above 20 is reducing the probability of an entry to go into sideways/consolidation. thanks!
@@Eriknguyeb check this video (th-cam.com/video/jfQ-CyyWsSw/w-d-xo.html) for more information on the ADX and DI indicator. Personally i would stick to all the criteria mentioned in this trading journal video and along with it for the entry candle will look if 1) ADX line is above 20 for more safer trades 2) ADX and DI + are above DI- line for a bit of risky trade (even if ADX is below 20) Trading with ADX above 20 is much more safer as the it indicates strong momentum which will be beneficial for trading options with low delta and high theta & high IV (mostly like AMZN,GOOGL, TSLA, SHOP etc) , you wouldnt want weak momentum as theta will eat option prices quickly. For high delta and low theta options 2nd option can still be safer. hope this helps. CHEERs!
I’ve been looking for this explanation for so long. For somebody new it’s a great explanation. Life is never guarantee but it sure puts the odds in your favor. Thank you for your hard work.
Of course, I can create a backtest video! Since profits are tight with this strategy, the best way to use it is with leverage. So I would say forex and ETF's are the best market to use it.
QUESTION: why would this not work in higher time frames?... I'm more of a swing trader and have relatively little time to check in on the market, and of course I do have to check in on it regardless of whether I day or swing trade... if this exact strategy would not work in higher time frames, how would you tweak it to make it work on the 4H, D, W time frames?... Loved your strategy by the way, and it was explained exceptionally well, thank you!
First of all, thank you my friend. I am also a swing trader like you. To be honest, I haven't back-tested it with high timeframes, so it might work I am not sure. However I am sure that it works on low timeframes. You might try to change EMA with the SMA for swing trading, and you should test it of course before trading.
@@TradingJournal1 40 tests 27 wins till now. M following the same method (risk/ reward ratio). I am learning more about this strategy. Any way its working better than others😍. And its easy to read the graph. Errors occured only few times
@@cryptoattract4758 Third candle. And another important thing you have to notice is that the curve of EMA 200. Practice this method. Then you can understand it easily
The key to making money in stocks is remaining in the stock market, investors often move in and out of the stock market at the worst possible times, missing out on that annual return.
i back tested it atleast 25 times and majority of my trades have been winners i cant give specific numbers because i occasionally trade but on the 5 min timeframe its a perfect strategy atleast from my experience.
if you don't understand it, don't hesitate to ask and just hope someone answer, in which most youtubers never answer a question. LOL. Thanks for the video. Learned one strategy again.
So far looks good. If you get up on a trade you can choose to sell at the next PSAR sell signal, instead of waiting? Or we sell at 2R is that comes first, of course.
The close of Heikin Ashi candles on chart is different with the real close of the price, as it is kind of average. So when you open a position at the end of a Heikin Ashi candle, the result would be higher price to enter the position and bigger stop loss. there is 2 issues, you can not estimate your stoploss for risk management properly and also the real position ratio would be lower than 2.
Hi... good video... I have a question... should I to move the stop lost or take profit between the trade?, for instante... move to breakeven or less the stop lost... or will I should leave quiet this points? thanks so much!!
Cheers mate! great question, if the trade moves in your favor, it might be better to move them above to breakeven. However, never move the sop-loss to lower if things don't go as planned
@@TradingJournal1 Thanks for ans, I have other question, when I must enter to the market, at market or (limit)when in close the before candle? Regards from Colombia!
Thank for this strategy looks great. any suggest on what kind of stock would work better (large caps, small cap, high volatility etc)? why the 5 m tf, do you ever tried on a lower or higher timeframe (es 3 m, 10 m)? thanks again
@@TradingJournal1 After test this strategy , I get 50% results positive ...so , I used crossing EMA plus RSI and the percentage was increased to 75% positive results. Combine few indicators with Price Action and you will get profits at the end of the week. Do not forget to have a risk management strategy. Usually 1:2 worked well to me with this strategy. Thanks and enjoy your trading 👍🏻
@@LumbreYT I used EMA 10,30,120 with a RSI 30,50,50 10min chart. 10 crossed 30 with confirmation candle ,and RSI above 50 BUY ..opposite for sell order. Price above EMA120 you looking for buy ..below looking for sell.
Hello. Thank you for this great strategy. I was wondering if you can recommend a few different currency pairs that would be historrically good to trade with this strategy?
Really liked the video! I've got a generell question : Would you recommend setting a stop - loss + a take - profit and then just shut off your pc/laptop etc? ( For possible stress release or so ) or would you rather stay focused and sit in front of your scrren because you may realize you were to greedy and need to close earlier, sl is to low, etc...
3 quick questions: Is this strategy good for BTC? Can I use this strategy with 1m candels? And how much levrege can I use for 5m candles (and 1m cadels if is possible)?
The answer of the first two questions is yes. And the leverage you should use depends on your risk management. If your stop loss is below 1% and your maximum risk per trade is 5%, you can use 5x leverage.
HA Candle pricing representation is different than regular candle (actual pricing). So, how to make entry when we got entry (BUY/SELL) signal using HA Candle? I mean, Entry (HA Candle Close price) is different than actual candle/price close that particular time 5-min candle.
Nice question! Yes, Heikin Ashi represents the price differently. You should use limit order and your entry should be based on Heikin Ashi price. And you should be careful if the difference between the real price and your entry is big. Sorry, I forgot to mention it!
Thank you for your kind words! Yes, this works on every currency. The broker you should use depends on many factors such as: where do you live? what do you expect from a broker? which country the broker is regulated in?
should more or less work the same in all markets on all timeframes, price action is the same in any financial market because its all driven by the predictability of human behavior.
I find that for intraday forex trend trading most important relevant (Guide)trend direction is ON 15 minute, 1h and 4h charts only-- For intraday trading weekly & monthly trends do not matter much(too far removed from intraday field of activity) & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general if daily candle be in the same direction for any trade it is better but not A must.--Sir, what do you have to say?
Great suggestion! Most of the strategies I share can be used while trading crypto also! But I really believe that you can trade crypto naked, just with price action and support&resistance
@@TradingJournal1 thanks for reply. That's great and would also make for a cool how to illustration. By trading "naked" with support and resistance, do you mean longing and shorting momentum with support and resistance confluence?
@@cryptoattract4758 Yes! I usually don't use any indicators while trading cryptocurrencies. I am not saying that you should do the same, it is just what works for me :)
Hi do you have link for how to do Short Position / Long Position although i understand Long Position i confused with Short Position .. I like your videos ! Hope you read this
Thank you! Well I thought the same and tried it both with 20 and 200 period EMA's. And 200 period worked a little bit better. There wasn't a huge difference, but considering that 20 EMA gives many fake signals, having a long losing streak is possible, so I would stay with the 200 EMA. But you should test it for yourself of course!
There are times when the Up or down trend continues and Sar dots does not change direction or the when color change appears. What is the recommended trade in that situation, stay in the trade or exit once a candle of opposite color appears
may i know if trade can only be made after price pivot was happened? in some cases, i found it even good say in long trade the bullish candle is strong without tail and the parabolic SAR is well below and then the uptrend is strong, or vice versa in short trade, the bearish candle is also strong without tail and the SAR is well above and then the downtrend is strong - but there is no previous pullbacks and also the price pivot. shall i make trades?
Thank you for the video today tried this strategy and it worked perfectly. Now I feel more confident in my trades
i'm sri lankan .. you Trading Strategy is good ..i think i love this tutorial
Thank you
This is the first vidoe of yours which made me to follow your channel. Really liked the way you explain the strategy. Thanks alot.
Awesome, thank you! Welcome aboard!
WOOOOW, THX 1000000000 times man. This strategy has a high win rate!
Glad it was helpful!
What is it's win rate and loss rate ? And did you backtested it ?
simple yet effective , for testing i added ADR. entering only when ADR & green line above 20 is reducing the probability of an entry to go into sideways/consolidation. thanks!
You'r welcome. That's smart
Can you give out some more info about ADR and how not to enter when sideways?
@@Eriknguyeb check this video (th-cam.com/video/jfQ-CyyWsSw/w-d-xo.html) for more information on the ADX and DI indicator.
Personally i would stick to all the criteria mentioned in this trading journal video and along with it for the entry candle will look if
1) ADX line is above 20 for more safer trades
2) ADX and DI + are above DI- line for a bit of risky trade (even if ADX is below 20)
Trading with ADX above 20 is much more safer as the it indicates strong momentum which will be beneficial for trading options with low delta and high theta & high IV (mostly like AMZN,GOOGL, TSLA, SHOP etc) , you wouldnt want weak momentum as theta will eat option prices quickly. For high delta and low theta options 2nd option can still be safer.
hope this helps. CHEERs!
How is it going with you now?
@@bambya100 salute
I’ve been looking for this explanation for so long. For somebody new it’s a great explanation. Life is never guarantee but it sure puts the odds in your favor. Thank you for your hard work.
Glad it was helpful! You're very welcome.
Wowowow this worked so well! Thank you so much for not gatekeeping knowledge!
You're so welcome!
@@TradingJournal1 which forex site do you use?
Thanks for the video- Would like to see a back testing video on different strategies- and possibly what markets are best to use it on
Of course, I can create a backtest video! Since profits are tight with this strategy, the best way to use it is with leverage. So I would say forex and ETF's are the best market to use it.
Thanks a lot for your sharing. Worked perfectly for M1 & M5 timeframe
QUESTION: why would this not work in higher time frames?... I'm more of a swing trader and have relatively little time to check in on the market, and of course I do have to check in on it regardless of whether I day or swing trade... if this exact strategy would not work in higher time frames, how would you tweak it to make it work on the 4H, D, W time frames?... Loved your strategy by the way, and it was explained exceptionally well, thank you!
First of all, thank you my friend. I am also a swing trader like you. To be honest, I haven't back-tested it with high timeframes, so it might work I am not sure. However I am sure that it works on low timeframes. You might try to change EMA with the SMA for swing trading, and you should test it of course before trading.
I watched this video fewdays before. I started testing this strategy. I will report the win ratio after my 100th test... It seems good. 7/10 till now.
Perfect! Yes 10 tests are not enough for conclusions. Btw did you change risk/reward ratio or timeframe, or following the regular strategy?
Please let us know your backrest ratio! Would love to know.
@@TradingJournal1 40 tests 27 wins till now. M following the same method (risk/ reward ratio). I am learning more about this strategy. Any way its working better than others😍. And its easy to read the graph. Errors occured only few times
@@KandFzooz Are you doing it at 3rd candle or waiting for a 4th to increase win rate?
@@cryptoattract4758 Third candle. And another important thing you have to notice is that the curve of EMA 200. Practice this method. Then you can understand it easily
The key to making money in stocks is remaining in the stock market, investors often move in and out of the stock market at the worst possible times, missing out on that annual return.
@Zachary Owens Trading when done right can really set you up for some really good profits.
Most of us trader are searching for that elusive method where they never lose or can win eight or nine trades out of 10.
@@noelstout3056 There are no magic words or millionaire insider tricks to succeeding in the stock market
I would like to see 100 trades of the daily SPY tested with this strategy. At first glance, it looks good.
I try not to upload many testing videos to keep this channel interesting, but I might create it if everyone wants.
@@TradingJournal1 yes please, I do wants it.. 100 trades for validation that this strategy is good.
i back tested it atleast 25 times and majority of my trades have been winners i cant give specific numbers because i occasionally trade but on the 5 min timeframe its a perfect strategy atleast from my experience.
@@SR-ve6kb how do you tested it? Are you using EA or manual trade?
@@araslumendita2895 manual trading and i tried it on 15 min time frame with bitcoin
if you don't understand it, don't hesitate to ask and just hope someone answer, in which most youtubers never answer a question. LOL. Thanks for the video. Learned one strategy again.
Thanks for the work you put into this. Perhaps the trades could have the ADX10 as a filter? That would get rid of a lot of those flat areas.
Welcome. That's smart actually
hey how can I get this filter?
You make a great point, which is that its crucial to stick to the plan and strategy. Probabilities matter and consistency!
Thank you for sharing. it is a very good strategy. Good for futures too. Good sculp.
You're welcome!
5
I am new to trading and thus was the very easy to understand.
Glad to hear that
This is what I'm looking for in a tutorial! Thanks man
Glad I could help!
Thanks alot price action is highly needed
We hope to see it ❤️
I am planning to create a series about price action
Awsome, This is Pin Point Bro... Great
Thanks ✌️
sounds great! I'll test it and share detailed results :)
Please do :)
thank you very much.It is not too late to mend the fold even after some of sheep have been lost.
Amazing Stuff. You made my life easier.
Glad to hear that
This trade is amazing. THANK YOU!!!
Our pleasure!
Simplified, precise and perfect..
Glad you liked it!
Fab, Looks like a nice simple Strat and thanks for taking the time to show us. I'd like to try, which broker are you using to place trades please?
You're welcome. I use an european broker just because I live in Europe. It depends on where you live
Is there a way to create an alert for this setup in TRADING VIEW? If so, please advise or creat video on how to setup alert
To be honest, I have no idea :)
Looks good but it ll be great if a indicate is made for an alert on the conditions mentioned
Great point!
Strategy works Great on 1, Minute 3, and 5 Minute I Trade Spy and QQQ the more Liquidity the better.😊
So far looks good. If you get up on a trade you can choose to sell at the next PSAR sell signal, instead of waiting? Or we sell at 2R is that comes first, of course.
Actually, you can. You can try to move your SL and TP targets after price moves in your favor
The close of Heikin Ashi candles on chart is different with the real close of the price, as it is kind of average. So when you open a position at the end of a Heikin Ashi candle, the result would be higher price to enter the position and bigger stop loss. there is 2 issues, you can not estimate your stoploss for risk management properly and also the real position ratio would be lower than 2.
Hi... good video... I have a question... should I to move the stop lost or take profit between the trade?, for instante... move to breakeven or less the stop lost... or will I should leave quiet this points? thanks so much!!
Cheers mate! great question, if the trade moves in your favor, it might be better to move them above to breakeven. However, never move the sop-loss to lower if things don't go as planned
@@TradingJournal1 Thanks for ans, I have other question, when I must enter to the market, at market or (limit)when in close the before candle? Regards from Colombia!
Thank for this strategy looks great. any suggest on what kind of stock would work better (large caps, small cap, high volatility etc)? why the 5 m tf, do you ever tried on a lower or higher timeframe (es 3 m, 10 m)? thanks again
Actually it works well with all stocks and forex pairs. I have tested it with 15-min and 1-min as well, it was profitable but not as much as 5-min.
Seems to be helpful. I trade in NSE,India. Can it be used to trade in options? Is any other indicator to be used with it?
It can be after backtesting
Thanks for sharing this strategy..I will test with price action.
Best of luck! Don't hesitate to share your results with me.
@@TradingJournal1 After test this strategy , I get 50% results positive ...so , I used crossing EMA plus RSI and the percentage was increased to 75% positive results. Combine few indicators with Price Action and you will get profits at the end of the week. Do not forget to have a risk management strategy. Usually 1:2 worked well to me with this strategy. Thanks and enjoy your trading 👍🏻
@@Robertolifecoach Hi sounds intresting what EMA's did you use? and what rule for RSI?
@@LumbreYT I used EMA 10,30,120 with a RSI 30,50,50 10min chart. 10 crossed 30 with confirmation candle ,and RSI above 50 BUY ..opposite for sell order. Price above EMA120 you looking for buy ..below looking for sell.
Woow. Excellent . TFS 👍 3.30/ 6.30
Thank you! Cheers!
Hello. Thank you for this great strategy. I was wondering if you can recommend a few different currency pairs that would be historrically good to trade with this strategy?
Thank you for the strategy! Which pair does it work the best on?
You are welcome! Works well with all major forex pairs
Really liked the video!
I've got a generell question : Would you recommend setting a stop - loss + a take - profit and then just shut off your pc/laptop etc? ( For possible stress release or so ) or would you rather stay focused and sit in front of your scrren because you may realize you were to greedy and need to close earlier, sl is to low, etc...
i have a same problem🥲
3 quick questions:
Is this strategy good for BTC?
Can I use this strategy with 1m candels?
And how much levrege can I use for 5m candles (and 1m cadels if is possible)?
The answer of the first two questions is yes. And the leverage you should use depends on your risk management. If your stop loss is below 1% and your maximum risk per trade is 5%, you can use 5x leverage.
@@TradingJournal1 ok, thanks
Very good explanation. Thank you for sharing.
Your welcome!
@@TradingJournal1 sir I have some questions about that strategy if possible kindly send your email address. Thanks take care
Thank you for your hard work, What is the best and most profitable strategy for scalping in your opinion?
Thank you for your video. It looks simple and I am going to test it. 😊
You’re welcome 😊 Have fun!
Love it ! How bout' an Heikin-Ashi video !
Thank you!
Awesome content! Thanks, man! Has anyone been able to backtest this strategy? What's the average win rate???
Thanks in advance
Thanks mate! I have back-tested it, win rate was %46 with 2 risk/reward ratio. You can find the video in profile
@@TradingJournal1 46% is not that good. Too many losses.
HA Candle pricing representation is different than regular candle (actual pricing). So, how to make entry when we got entry (BUY/SELL) signal using HA Candle? I mean, Entry (HA Candle Close price) is different than actual candle/price close that particular time 5-min candle.
Nice question! Yes, Heikin Ashi represents the price differently. You should use limit order and your entry should be based on Heikin Ashi price. And you should be careful if the difference between the real price and your entry is big. Sorry, I forgot to mention it!
Nice strategy ... but can you tell me how you handle the strategy when the market is going sideway (up down up down around the 200 EMA)...thx :)
Thank you! Well, actually this strategy performs better with trend. So you may skip entries if the price is going up and down the EMA continuously
@@TradingJournal1 ok thank you 😉
Nice! Have you backtested it yet?
Thanks for the video. Does this work for regular stocks or only on forex
It works on both, but since the profit margins are low while scalping, it is more profitable with leverage
@@TradingJournal1 im sorry but what do you mean by leverage?
There is a strategy called Heikin Ashi the whale, this one has the same setup, and can be configured with other confirmation indicators
Hello! Nice vid, does this work on every currency against each other? What broker do you recommend for trading like this?
When do you take the trade live? When the candle is closed or when it's still open?
Thank you for your kind words! Yes, this works on every currency. The broker you should use depends on many factors such as: where do you live? what do you expect from a broker? which country the broker is regulated in?
Thank you so much for the video but I need the cheap cheat Sir. Thank you.
Glad you enjoyed it. You can find it at the end of the video!
Good Morning
Have you back tested this strategy and if so what is the winning rate.
Thank you
Yes I have, %46 winning rate with 2 risk/reward ratio. You can check out the video in my channel 👍
@@TradingJournal1 I’ll have to look again.... I couldn’t find it... :/
Thank you for video! Does this work for es or nq futures?
Your welcome! I cannot answer this before testing it, but it should work on both.
Great ideas here. Has this been tested on stocks?
should more or less work the same in all markets on all timeframes, price action is the same in any financial market because its all driven by the predictability of human behavior.
Darren gave the perfect answer!
Your explanation is very good.. Thank you
I find that for intraday forex trend trading most important relevant (Guide)trend direction is ON 15 minute, 1h and 4h charts only-- For intraday trading weekly & monthly trends do not matter much(too far removed from intraday field of activity) & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general if daily candle be in the same direction for any trade it is better but not A must.--Sir, what do you have to say?
please let me know that is it applicable to spot trading of crypto? or futures only?
It can be after backtesting
ABSOLUTELY LOVE THIS! Thanks so much!
You are so welcome!
Where can I find 1-minute Heiken-Ashi candlestick chart? Anybody know of any websites and the cost?
tradingview - free
On point this video is awesome, love it.
Glad you enjoyed it!
Stop-loss put above parabolic sar for shorts and stop loss below parabolic sar for long trades right?
Yes, that's right!
I have question sir how can enter in market
We can you use buy / sell stop ?
Depends on the broker you use mate
Can this strategy be used in Indian Market Nifty and Bank Nifty Future and option
It is impossible to tell without a backtest. Be sure you test it out first.
thanks so much I will try it
Hope you enjoy
Please provide us with win rate? It works best on specific pair or on all pairs? I trade mainly gold how does it work on gold?
Thanks Pal. Great piece of info & to the point. Do you think this will work in index options trading. Subscribed to your channel.. Cheers 👍
Well, it is impossible to tell without a backtest, but theoretically it will.
Plz let me know entry point?
I love this strategy!
hi... are you trading with this strategy?
thanks for sharing going to test this on BTC
Best of luck! Feel free to share results with me.
Thank you for your work and this awesome vid. Can you share your best day trading and swing trading strategy for Crypto?
Great suggestion! Most of the strategies I share can be used while trading crypto also! But I really believe that you can trade crypto naked, just with price action and support&resistance
@@TradingJournal1 thanks for reply. That's great and would also make for a cool how to illustration.
By trading "naked" with support and resistance, do you mean longing and shorting momentum with support and resistance confluence?
@@cryptoattract4758 Yes! I usually don't use any indicators while trading cryptocurrencies. I am not saying that you should do the same, it is just what works for me :)
Hey sir i want to be learn from you how much cost your great ❤❤
Is this day trading strategy better for day trading then the 3 EMA strategy you also explained in one of your other videos?
I believe now :)
ty for the video i go in backtest.
Hi do you have link for how to do Short Position / Long Position although i understand Long Position i confused with Short Position ..
I like your videos !
Hope you read this
Just flip the chart upside down and go long haha 📈📉
What platform are you using? I’m having trouble finding heiken Ashi on a trading platform
Tradingview.com
Will this strategy work on crypto as well?
Backtest it first and then good to go
@@TradingJournal1 Thank you
love your video , just wonder isn't 20 ema good enough since it's for day trading and short term play?
Thank you! Well I thought the same and tried it both with 20 and 200 period EMA's. And 200 period worked a little bit better. There wasn't a huge difference, but considering that 20 EMA gives many fake signals, having a long losing streak is possible, so I would stay with the 200 EMA. But you should test it for yourself of course!
Creat a video about hekanashi candles please
Noted!
Have you tried the same but with normal candlesticks instead?
Yes, this is how I came up with this strategy
Sir how to back test it manually or automatically plz explain
Manually, you can check out my back test video to understand.
Did you end up doing the video on a 100-trade backtest of this strategy?
Yes! You can check it out here: th-cam.com/video/Sy18XEnCDKQ/w-d-xo.html
Hi Admin, which session is the best to trade this strategy?
I traded this strategy on many currencies. I works well on all sessions.
What broker do you use?
A well-known one 👍
Could I please ask what software programs are you using. Thanks
Sure, it is tradingview
Thank you for this video. Can you use and guide us in live intraday market
Glad you enjoyed it! What do you mean by guide?
@@TradingJournal1 I mean give us some more knowledge by doing a live market demo with this strategy
There are times when the Up or down trend continues and Sar dots does not change direction or the when color change appears. What is the recommended trade in that situation, stay in the trade or exit once a candle of opposite color appears
Depends on what kind of trader you are. If you want to limit the risk you take, you should exit. Otherwise, you can stay.
Pair with simple Consolidation zone strategy aka wait for it to break out of the zone, it will works perfectly.
Is it applicable to daily candle?
According to my backtests it was not as profitable as scalping but you can test it out
Please share strategy about VWAP
Will do!
Hi, I greatly enjoy your videos, they are very useful to me. It would be great if you could make one on Heiken-Ashi as you suggested, thanks
Great suggestion! I am glad to hear it helps someone!
@@TradingJournal1 Thanks, looking forward, Ciao
THANK U DEAR
LOVE U :)
You're welcome 😊
could I used this strategy to binary option trading with time frime only 1 minute?
Haven't tried it on options, you must backtest first!
🌇 looking good... This is amazing! i just followed you! engaging! 🌇 following you
Cheers mate!
Must the entry price be 2nd / 3rd? What about 4th?
I wouldn't take it
My favorite strategy.
Glad you enjoy it!
I added the stochastic RSI to it and got a decent entry
Nice touch! What is the win rate?
@@TradingJournal1 still back testing
Thank you Sir for this wonderful strategy....
Most welcome
TY for the video. Please create backtest for forex
Your welcome, of course I will
Plz create a backtest video.
I will create the backtest video soon.
may i know if trade can only be made after price pivot was happened? in some cases, i found it even good say in long trade the bullish candle is strong without tail and the parabolic SAR is well below and then the uptrend is strong, or vice versa in short trade, the bearish candle is also strong without tail and the SAR is well above and then the downtrend is strong - but there is no previous pullbacks and also the price pivot. shall i make trades?
Actually, it might work. But impossible to tell without a backtest.