Flawless Victory is a modular momentum system that blends oscillators with Bollinger Bands. Depending on the selected version it can operate with simple RSI signals, apply fixed take-profit and stop-loss targets, or demand confirmation from the Money Flow Index. The goal is to exploit exhaustion at the edges of volatility bands and ride mean-reversion swings.
Version 1 enters when RSI leaves oversold or overbought zones near the Bollinger extremes. Version 2 adds explicit risk control via percentage based targets. Version 3 requires both RSI and MFI to agree, filtering out weak reversals.
The strategy performs best on intraday markets with clear volatility boundaries.
- Entry Criteria:
- Long: see version rules (RSI <30 near lower band; version 3 also MFI < 20)
- Short: RSI >70 near upper band (version 3 also MFI > 80)
- Long/Short: Both sides
- Exit Criteria:
- Version 1: opposite RSI signal
- Version 2: take-profit or stop-loss percentages
- Version 3: opposite RSI/MFI combo
- Stops: Optional in version 2
- Default Values:
- RSI_length = 14
- MFI_length = 14
- BBLength = 20
- BBMultiplier = 2.0
- TakeProfitPct = 1.5
- StopLossPct = 1.0
- Filters:
- Category: Mean reversion
- Direction: Both
- Indicators: RSI, MFI, Bollinger Bands
- Stops: Optional
- Complexity: Medium
- Timeframe: Short-term
- Seasonality: No
- Neural networks: No
- Divergence: Yes
- Risk level: Medium