Swing (breakout trading system)

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The Swing (breakout trading system) is a simple trend following mechanical trading system which automates the entry and exit.

The trading system is extremely simple and easy to use, works across multiple time frames and does not require any in-depth knowledge of TA. It is somewhat similar to the turtle trading system.

The trading or investing logic is simple. Buy new highs (strength) and sell new lows (weakness). The default entry or decision level for long positions is a close above 20 days highest high.

The system follows a trailing stoploss for exit with profitable trades. No targets are given as no one knows how high (or low) a stock can move. Profits are whatever the market gives. A trailing stoploss locks in the gains and removes emotions from trading.

Respect for stoplosses is a mandatory requirement. If you cannot follow stoplosses, you should not follow this strategy.
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