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Background

I've previously explained the working of the "HappyCat Strategy" but as a refresher, the strategy uses volatility & momentum to enter & exit positions. There is a multitude of indicators that can help identify the direction, strength, momentum & volatility but the HappyCat uses only two indicators (ROC & ATR) to keep the strategy simple. Typically, the “HappyCat Strategy” analyses momentum & volatility near the top & bottom of a price range helping to identify where to enter & exit a trade. The two indicators even focus on the volatility & momentum during price consolidation & retracements which is a new idea for me.

There is a series of criteria that are used to signal a trade

The primary criteria for the HappyCat to be successful, the positions must be in an uptrend meeting or exceeding conditional parameters to generate a buy signal. The HappyCat Strategy will struggle if the markets decide to trend lower after the position is taken.

Skate.