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Jobbing the Market

Strategy Intent

Trading Criteria Details
Market Suitability Bull market when volatility is higher
Difficulty Beginner
Strategy Type Jobbing
Take Profit
DCA
Positive DCA
Pending Orders
Trailing Stop Loss
Published
Demo Server

Note:

  1. Click the cloud icon to view the demo server for this strategy;
  2. Note if the cloud icon is showing in red it means the demo server is not available right now;

Strategy Overview

  • This strategy This strategy employs the classic scalping aka jobbing strategy.
  • Jobbing is an old english term referring to the buying and selling of shares within extremely short timeframes for tiny profits.
  • A jobber typically trades in a particular stock, mainly in the cash market. They thrive on short-term volatility.
  • Jobbers or scalpers as they are also known trade continuously throughout the day making hundreds of trades per day and earning a reasonable profit at the end of the day from relatively small profits per trade.
  • When Jobbers were working they were known to be Jobbing The Market. Hence the name of this strategy.

Entry Criteria

  • The strategy entry criteria makes use of the LOWBB and RSI indicators.
  • It uses LOWBB to buy as soon as the current price goes below the LOWBB threshold you specify.
  • It then uses the Connors 2RSI to confirm we are in an overbought scenario at the bottom of the trade cycle to ensure we buy the dip.
  • It is a simple and widely used entry strategy that is perfect for a Bull market where volatility is at its highest.
  • It uses trailing buy to ensure we buy as close to the bottom of the trade cycle as possible.

Trade Management

  • The strategy applies the 2% and 10% rules of trading.
  • Position size is limited to 2% of risk capital per trade.
  • Only 5 trading pairs are active at any time to ensure no more than 10% of total risk capital is employed in trading at any time.
  • A trailing stop loss is employed rather than a fixed stop loss.
  • Take profit is employed to prevent loss of profits.

Exit Criteria

  • This strategy uses Connors 2RSI to confirm we are at the top of the trade cycle to ensure we sell at the peak.
  • It makes use of GAIN to sell as soon as the current price goes above the GAIN threshold you set.
  • It uses a low GAIN percentage to scalp profits as quickly as possible.
  • It also makes use of HIGHBB to ensure we are at the top of the trade cycle when we sell.
  • This strategy then uses trailing profit to take us to the peak of the trade cycle and maximise profits.

Strategy Tips

  • This strategy works best in bull market conditions when volatility is at its highest.
  • The key to this strategy is to ensure you do not overextend yourself by getting your max trading pairs and initial cost right to suit your trading budget.
  • Use the DCA calculator we provide to work these values out covering at least 4 levels of DCA for all your pairs. Once you have those values enter them into this strategy. The DCA calculator also ensures you have a 50/50 split on your trading budget to ensure you have sufficient budget for the sell side of this strategy.


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  • jobbing.1557541685.txt.gz
  • Last modified: 2 weeks ago
  • by cryptocoyn