This strategy idea uses two, fast and slow, momentum indicators for trade setups and exits. This is a fast reacting strategy which is very useful in trending instruments on 1D and 4H timeframes. This is the implementation used in QuantCT app.
You can set operation mode to be Long/Short or long-only. You also can set a fixed stop-loss or ignore it so that the strategy act solely based on entry and exit signals.
Trade Idea
When both momentum indicators are positive, asset is considered rising ( bullish ) and the plotted indicator becomes green.
When both momentum indicators are negative, asset is considered falling ( bearish ) and the plotted indicator becomes red.
Otherwise, asset is considered ranging and the plotted indicator becomes orange.
Entry/Exit rules
Enter LONG if both momentum indicators are greater than zero (i.e. when the plotted indicator becomes green).
Enter SHORT if both momentum indicators are lower than zero (i.e. when the plotted indicator becomes red).
EXIT market if none of the above (i.e. when the plotted indicator becomes orange).
CAUTION
It's just a bare trading idea - a profitable one. However, you can enhance this idea and turn it into a full trading strategy with enhanced risk/money management and optimizing it, and you ABSOLUTELY should do this!
DON'T insist on using Long/Short mode on all instruments! This strategy performs much better in Long-Only mode on many (NOT All) trending instruments (Like BTC , ETH, etc.).