Bull Market Strategies Continued
Strategy Name: Bullish Momentum Rider
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Strategy Name: Bullish Momentum Rider
Last updated
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Strategy Description: Bullish Momentum Rider is a disciplined intraday strategy built to capture upside moves within established bullish trends. By layering price trend confirmation with volume and momentum filters, this system identifies high-conviction entries during pullbacks or pauses within broader upward movements. It is structured for precision entries and quick exits, ideal for traders looking to ride the wave of sustained bullish sentiment without over exposing to drawdowns.
Core Setup:
Trend Confirmation: Triggers only when the 50-period EMA is above the 200-period EMA on the 60-minute chart—signalling a confirmed bullish market structure.
Momentum Filter: RSI (15 minute period set at 15 and lookback set at 5) must be between 55 and 70 to validate moderate bullish momentum—catching the move before it becomes overbought.
Volume Confirmation: On-Balance Volume (OBV) must be greater than zero, indicating buying pressure is outweighing selling, reinforcing bullish conviction.
Profit Target & Risk Control:
Take Profit: +0.5%
Stop Loss: -0.5%
A balanced 1:1 reward-to-risk profile ensures disciplined risk management while capturing short-term trend continuations.
Ideal For: Traders operating in bull markets who prefer confirmation-based entries over speculation
Bullish Momentum Rider offers a methodical framework for capitalising on intraday price movements within bullish trends—fusing technical alignment with volume and momentum for clean, repeatable setups.
Next steps:
Make this strategy your own – to customise to suit your preferences.
Try this strategy on a different asset or timeframe -
Navigate to the “Create” menu on the homepage, choose your preferred asset and timeframe, then choose “Copy” to duplicate the strategy.
From there, backtest and deploy whenever you're ready.
Reach out to the Level2 team with any questions or if you need tech support