BEST TradingView Indicator for SCALPING gets 96.8% WIN RATE [SCALPING TRADING STRATEGY]

introducing the best trading view indicator for scalping the five minute time frame this indicator is so powerful that it can predict market movements with up to 96.8 accuracy all right guys well in this video i'm going to show you guys how to set up this chart on trading view give you entry rules for the trades where to set up your stop loss and how to take profit just to maximize your trades right and make sure you watch till the end because i'm going to also show you how to set up alerts on here so every time there's a buy or sell signal you get alerted and you're not having to watch the trades all day long so uh yeah let's let's get right into it so when you get into trading view your chart's not going to look like this so let me x out all right this is what your charts gonna look like okay so the first thing we're gonna do is we're gonna change the candles to high kanashii candles all right and then we're going to add a couple of indicators to this so go into indicator and type in chandelier exit all right by ever get this is this is the one that you're gonna use all right the one would ever get and then we're gonna make some changes to this so click on the settings right here and then in the inputs we're going to change the atr period to 1 and we're going to change the atr multiplier we're going to change that to 2 and then under styles we're going to uncheck everything except for the buy and sell label okay so we're gonna change we're gonna stop that all right much cleaner and over here for the buy label because you know it's it's still a little far off especially depending on where where it is i like to move these closer and so for the buy label we're gonna do it below the bar so you see how that moved right there and then over here for the cell label we're going to do it right above the bar so this way it's closer while you're looking it's a lot cleaner looking all right so that's that's the fur that's the first indicator then for confirmation for entry rules we need to add another indicator and this is called the zl sma all right the zero lag uh sma so this is the one by verified we're gonna add this one all right and then we're going to make some changes to that as well let's go into settings input the length we're going to change to 50 and style i like i like that line to be white so i'm just going to change that color to white click okay and now you're good to go now what exactly is the strategy what are the rules what do you need to do right so i'm going to put on here i'm going to give you guys specific instructions and again i just like i have to put this in all my videos right none of this is financial advice this is all uh for educational information purposes only all right so let me start like a little text box so i can give you guys some rules so when you're looking for a long position right when you're looking when you're looking for a long position on here first thing you need to do is you want to make sure that you've got the buy signal okay so once you get the buy signal you want the price action to be above the moving average which in this case is the white line okay and then you're gonna set your stop loss below and i can't type below the swing low all right so let me show you guys what i mean all right so for a long position like right here first you get the signal you make sure that the price action is above this white line and then you'd set your stop loss below the swing low okay now you're gonna be like okay well where do you take profits how do you how do you exit right so you exit when the price action crosses the white line so this is this is still going on this trade would still be going on this does not mean because these are high kanashii candles right you want this to completely pass like something like this right so if this was a sell signal you get in and when it crosses over that's when you would get out so this this trade would still be active all right so right now just to kind of get an idea because this this is kind of happening live right now on the five minute chart on the on the euro jpy so for this example like i've i'm doing this on forex stuff but this works great on crypto forex stocks you know anything that has price action so let's let's take a look at if you kind of wait for this candle to close you get in you put your stop loss at the swing low right here or even this swing low so far this trade and it keeps moving all right yeah so so far you know so so far is doing pretty well so far it's it's already at a point two seven two to one risk to reward so the thing is on this on these kind of trades i don't like to put a specific risk to reward ratio um because sometimes you're gonna have some big moves so you wanna capitalize on them you wanna capitalize on them so when when the price action like here this would be a this would be an exit point because once this candle closes would be an exit point because the price action right now has crossed over the uh the the white line all right now let's look at short positions right for example this would be a good good good short position sale so on this let's open up another one so you guys have these notes where did it oh there we go all right so now on the short position first you wait for the sell signal two price action has to be below the moving average all right which is in this case the white line and then stop loss is above the swing the latest swing high all right and again exit for exit to take profit would be when the price action crosses over crosses the white line all right so you guys have all of these notes you guys can make notes of these and stuff like that if you want all right so now let's let's let's kind of like go back and take take a look at some of these right so this this is happening live so let's just go back so yeah this would definitely be a good exit point so not bad right buy right here exit right there feel like that's a pretty good trade for the five minute uh scalping strategy so again it called out for the sell signal price action is below pretty good kind of like get out when it crosses over right this one is a little bit iffy because the price action is not completely over the white line above the white line right it still would have made a little bit of a profit but this wouldn't have been an ideal situation for a trade okay and then again lots of consolidation here's another good sell signal right where price action is below the white line you get a sell signal take it and exit right there when it crosses over [Music] right here again price action it calls for a buy signal price action is above the white line when you get in on the second candle right and then you exit when it crosses over so that would have been a pretty good trade as well same thing over here this one would have been a good sell get out this one wouldn't have been this wouldn't have been a good trade this one would have lost a little bit this one would have lost a little bit so you see how you know the winds are good the losses are smaller so that's basically the strategy right now let me show you guys how you can set up your trade alerts so to set up yours to set up your your buy sell signals where you get alerted from the chart you're gonna go into the settings for the crce click on these three dots right here click add alert on ce and over here you can do buy once bar close so once a bar closes that's when you're getting get notified okay so it says right chandler exit by once you create that you're gonna come back in all right you're gonna come back in add alert you're gonna do a sell once per bar close and then create so this way you get the exit signals i mean the sell signals and you get the buy signals and this way you get alerted and you don't have to watch the charts all day long and hey if you guys if you guys found value in this please please please hit that like button and subscribe to this channel it really really helps and drop me a comment and let me know where you guys are watching from i really like to read all the comments you know positive comments right i love love reading those so drop me a comment and if you guys want to you know i also have a telegram channel where i post a free trade each week that i'm doing and then if you want access to all of my trades that i'm personally taking when i enter when i exit all of that stuff i've also got an all access patreon you can join and uh yeah this is just one of the trades that i that i did today on the patreon and it worked out uh pretty well so if you guys want to follow all my trades join the patreon if you want just the free uh weekly trade also uh you can join my telegram channel and see exactly what i'm trading and uh yeah i'll see you guys on the next one watch this next video right here watch this one alright it's one of the best see you next time

Channel: My Trading Journey

Views: 734,450

Keywords: best tradingview indicator, best tradingview indicator for scalping, best tradingview strategy, best tradingview buy sell indicator, scalping trading, scalping, scalping trading strategy, scalping strategy, scalping crypto strategy, trading strategy for beginners, high win rate trading strategy, best scalping strategy, simple trading strategy, best scalping trading strategy, profitable scalping strategy, profitable trading strategy, best indicator for scalping, tradingview

Id: 2U5VTWBBK8U

Length: 11min 19sec (679 seconds)

Published: Thu May 19 2022