In this blog I am going to be sharing a TradingView very easy secret trading strategy, that traders are used in almost all markets and you Can use this one secret strategy to successfully Achieve financial freedom through trading.
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 MT4 platforms. If you want to use the indicator on Tradingview, then follow these steps.
Now let's start implementing our strategy by heading to the indicators box and the search field type "halftrend" and choose 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 mt4 trading platform, then download indicator below video link. but in my opinion using trading view is much easier. 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.
For the purpose of our strategy, we only need the central line. let's make some adjustments to it, open the indicator settings then head to the style section, 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.
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 Half trend indicator to catch small pullbacks in a trend.
I recommend using a 15 minute or a 30 minute time frame, For this video we will use the 15 minute time frame.
So what are the rules of the strategy:
A buying setup are as follows.
- The half trend indicator should be blue
- Wait for the rsi to drop below 10
- Enter at the break of the high of trigger candle
Now let us look at the rules for selling:
- The half trend indicator should be read
- Wait for the rsi to crosses above 90
- Enter at the break of the low of trigger candle
well guys that's enough for today and I hope that this strategy will be useful for you and that this blog will help you to earn more.
Free Download HalfTrend MT4 Indicator Here 1 OR Here 2
Hello Trader, My name is Ankush. On the blog "AM Trading Tips" contains Indicators and Trading Systems for Forex and Binary options. With a variety of trading (Forex and Binary indicators,trading strategies for different trading styles,and also Expert Advisors) that can be absolutely free
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