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In this video I am going to be revealing a very easy trading strategy that can lead you to extraordinary results. I know, this may sound too good to be true, but I want you to stick with me for this video.
Before we start, be sure to subscribe to our channel so that you don’t miss on any of or new videos. With that being said, lets get into today’s video.
First, let us discuss the indicators that we will use in our strategy.
The first indicator that we will be using is called as the Half trend indicator. The indicator is available on trading view as well as other platforms. If you want to use the indicator on Tradingview, then follow these steps.
First, open up a chart on Tradingview. Then click on the Indicators button. A small window like this will apear. Then, type in halftrend in the search bar. Now, click on the first indicator. Make sure that the name of the creator is ‘everget’.
Now, you have successfully plotted the indicator. This is how the indicator will look.
If you are using any other trading platform, then, just google the indicator and download it for your particular trading platform. But, in my opinion, using tradingview is much easier.
Now, An important point to remember here is that, I am not the creator of this indicator. A lot of so-called traders, especially on YouTube, try to sell this indicator as their own. But, I want to make sure that I am not one of them. I don’t know who created this indicator. But, it certainly isn’t me.
Now, lets get back to this indicator.
On the indicator we can see that there are three lines. The central line is the actual half trend indicator. The upper and the lower lines are nothing but 2 ATR band that are placed above and below the indicator.
When the price close above the upper band for 2 to 3 candles, the central line will turn blue and a small blue arrow will appear below the half trend. This indicates that the price is in a short term uptrend.
Similarly, when the price closes below the band for 2 to 3 candles, the central line will become red and a small red arrow will appear above the indicator. This indicates that the price is in a short term downtrend.
For the purpose of our strategy, we only need the central line. So we can remove the upper and lower band by unchecking the show channels option. Another change is that we will change the amplitude value to 4.
Now the indicator is completely ready for our strategy.
So, when the half trend is blue. We will only look for buying opportunities. On the other hand, when the half trend is red, we will only look for selling opportunities.
Now let us talk about the second indicator that we will use in this strategy. That is the RSI indicator.
The RSI stands for relative strength indicator. As the name suggests, the RSI indicator shows the relative change in price over a particular period of time. The default settings for the RSI are set to 14 period. Therefore, the RSI shows the relative change in the price over the last 14 candles.
The RSI is an oscillator. Hence, the value of the indicator is always between 0 and 100.
Generally, when the RSI is above 70, it is considered to be in an overbought condition. This means that the price has become expensive and we can expect a down move.
On the other hand, when the RSI is below 30, it is considered to be in an oversold condition. In other words, the price has become cheap and we can expect an upmove.
For our strategy, we will modify the settings of the RSI to suit us. Hence, we will change the RSI period from 14 to 2. We will also change the overbought level to 90 and change the oversold level to 10.
This will give us a fast moving RSI.
Now, we will combine the RSI and the Halftrend indicator to catch small pullbacks in a trend.
Bollinger Bands Uptrends Strategy, 86% Win Rate Highly Profitable Secret Strategy | RSI + Secret Indicator.
Trading Tricks Revealed – How To Vary Trade Successfully
Extremely just go into your Bollinger band sign and alter the setting to 1. There are numerous theories that propose to provide excellent stock exchange trading instructions. Generally, PD and FCX are more unpredictable than copper.
86% Win Rate Highly Profitable Secret Strategy | RSI + Secret Indicator, Explore latest explained videos about Bollinger Bands Uptrends Strategy.
Stop Losses In The Forex Market
But you can perfectly study the market; and scalp to make profits prior to the primary breakout. We will be covering each of these in separate short articles. Fortunately, you do not need to pay in order to discover.
Bollinger bands are rapidly becoming my favorite indicator. They are extremely basic to utilize, they are intuitive, and they tell you a lot about the market at just a look. But how do you use Bollinger bands to earn money? Let me show you 3 easy actions that work just about every time.
If you have a plan to use them beneficially, Bollinger Bands can be an excellent addition to your forex trading technique. They permit you to act without feeling and prevent expensive errors. A tool, that when utilized properly, can assist you check out the market and find entries. In this article, we will consider utilizing them to get in breakouts after a cost squeeze.
While assistance and resistance combined with candlesticks is enough, I like to utilize moving averages to get rid of the times when the marketplace is not trending. Although I can generate income in ranging markets, my preferred methods are trending techniques. Plainly, trending methods not do anything but lose money in varying markets, so I need to be able to inform the distinction quickly.
Bollinger Bands Trader bands plot a moving average in the middle, and the severe bands are formed by basic variance lines around that moving average. Now do not be frightened by the algebraic term basic discrepancies. You don’t have to know how to determine them – the indication does that by itself.
When the rate reaches the resistance, a great deal of sellers get in the market in big numbers as they think that the market is overbought. When a a great deal of sellers enter the market, Bollinger Bands price action recovers down towards the assistance. You can consider the resistance as the ceiling of a space.When you struck the ceiling of a room with a ball, the ball is going to recover.
To start with, always examine the market environment before positioning a SL since no each trade has the specific same point where a SL can be included in. This is to ensure, that the SL is kept in the precise point that finest fits each trade. Always have a pre-determined revenue margin before putting a SL. This allows you to understand precisely where you should position your stop loss, so you can accomplish your pre-determined profit margin. Stop losses need to never be positioned near the existing rate. Finally, the stop loss ought to not be place too far either, that it become irrelevant to the trade.
This is certainly what you should perform in a price breakout. If the price keeps going up in an extended breakout, you simply keep adjusting your stop upwards to lock in more earnings (this is called a routing stop, more later on this topic) and keep raising your limitation also.
It is to these folks that this article is written. You try to go for consistency and are meeting your everyday goals frequently. Fast EMA = 12 to 10, Slow EMA = 26 to 24, MACD SMA = 9 to 7, Use to Close.
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