Why do you always buy the top? Algorithmic trading, explained (part 1)

Buy the top, and the same stop is 2.3× farther than at the pullback. My algorithmic trading strategy waits for the pullback and needs 5 green lights: trend up (price over the 20 MA, the 20 MA over the 100), RSI above 55, not in the top 5% of the last 60 candles, no CPI or payroll in the next 24 hours, and price back in the zone between the 20 MA and the last close. Five green lights, or no trade. Part 1 of 7: THE RULES.

Follow for part 2. Watch it trade live 24/5: https://www.youtube.com/@erickrodriguesfx/live

Educational content. Not advice, not a signal, no promise of results.

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