I Traded Bitcoin For 8 Hours Straight On The 1 Minute Chart - CRAZY RESULTS

[Music] welcome to trey pro in this video i'm trading bitcoin for eight hours straight on a one minute time frame using a simple strategy to see how much i can grow and account by in that eight hour period i'm going to be using a simple strategy that uses three super trend indicators the stochastic rsi and the 200 period exponential moving average i have a video all about this strategy so i'm going to link the video but i'll quickly go over the strategy and show some examples just in a sec here but first i want to show you the account so this is a 10 000 paper trading account and the commission settings are set to .075 percent so that is comparable with buybit which is the exchange data that i'm using to do this on but let me go over the strategy really fast and then i'll get into the actual eight hour challenge i have gone through and i'm going to show each of the trades and fast forward through the periods where i'm not actually talking or entering or exiting a trade so that way you don't need to sit around and watch the full eight hours but anyway let's get into the strategy and show a couple examples here okay so before i go over some examples with the strategy i just want to note that i am going to be using some of my own intuition and trading experience for this challenge so you may see me doing things like changing how the stop-loss is placed or moving my stop to break even or into profit at certain points but i'll go over that stuff in the actual trading so you guys can see what i'm doing but let's go over some examples here and then get into the challenge so this strategy is very simple you're simply waiting for the stochastic rsi the 200 ema and the super trend indicators to all agree so what that means is when price is above the 200 ema you can only take longs you can only take along if you have a green super trend indication and you can only take along if stochastic rsi has gone into the oversold territory for a short you can only take a short if the stochastic rsi has gone into the overbought territory prices under the 200 ema and you have a red indication from the super trend okay so just going over a few examples here really fast we see down here that the stochastic rsi goes oversold and then we see a close above the 200 ema and we see a green super trend indication that is our signal to go long and stop loss will go below the super trend indicators targeting 1.5 times the risk so that is a trade setup then we get another signal here where stochastic rsi is oversold and we have green indication from the super trend and in this example i would be placing the stop loss a bit farther away than the super trend just because it is so close and i want to give it some wiggle room and this is what i'm talking about about using my own intuition on the trading challenge i would not be placing a stop loss right there that close and then this next example oversold and then we get green indication on the super trend and in this one i'd be going for the swing low here for the stop loss and targeting once again 1.5 times the risk and final example here oversold on our stochastic rsi uh green indications on supertrend and this one i would just use the super trends as the stop loss because it is far enough away to give it some wiggle room okay and for position sizing on this i'm just going to be doing one bitcoin for every single trade so i'm not going to be calculating position size this is not ideal at all but i should be able to pull a very nice profit in a short period of time on the one minute time frame even with things not being all ideal now let's get into the actual trading challenge just make sure that you smash the like button comment down below for the youtube algorithm also subscribe if you haven't and check out my weeble link down below if you want two free stocks valued up to 850 hit my link down below why not do it two free stocks no point in not doing it anyway thank you guys let's get into the actual challenge okay first entry here you can see we've got the rejecting wick and we have the red super trend we have price under the 200 ema and the stochastic rsi is in the overbought territory so we got a valid short entry signal here and i'm going to be placing the stop loss just above the 200 ema since price is close to the 200 ema and i'm gonna target two times the risk so this one i'm also going to be utilizing a trailing stop loss so i'll kind of update it once i get to that point and just send the stop loss and take profit targets here and then i'll fast forward through this so we can get to the trailing stop-loss point [Music] so okay so as you can see i've moved the stop loss into profit uh the profit target almost was hit but looks like it got rejected and you can see that my position's about to get stopped out in profit so that was a good trade i'll go ahead and show what the account is looking like after that trade here in just a sec so there it is the account is doing pretty well and i'll move on to the next signal now okay just about to center long here price has closed over the 200 ema super trend indicators are signaling to go long and stochastic rsi is coming up from the over soul territory so valid long position here and i'm going to be targeting 1.5 times my risk and the stop is going to be set at the super trend indicators so i'm going to fast forward through this and we'll see how it plays out [Music] [Applause] okay so this is just about to hit my profit target there it goes and that was a good one so i will quickly show the account here doing quite well after the two wins and we will continue to look for setups all right so just about to enter another one here you can see that price is just rejected off the 200 ema we got the green super trend and the stochastic rsi is coming out of the oversold territory so valid long position here and i'm going to be targeting 1.5 times the risk with my stop loss just below the swing low here below those wicks as i don't want to see price return back down below the 200 ema and that lower wick rejecting off of it so we'll see how this plays out okay profit target just about to get hit there it goes and that's another good one so accounts doing pretty well at this point as you can see and i'll move on to the next one all right another entry here just got it and you can see that price is closed above the 200 ema got the super trend below and we have the stochastic rsi coming out of the oversold territory still not overbought so this one again 1.5 times the risk and we'll see how it plays out okay so the profit target was hit you can see the account size is really growing fast at this point so on to the next trade all right here's another long position just entered and you can see stochastic rsi is coming out of the uh oversold territory and price is above the 200 ema super trends are indicating long so this is a good long entry here so let's see how it plays out [Music] all right so as i move my stop to break even or into profit you can see my profit target was hit for this one and the account is really doing a phenomenally uh very impressive but let's take a look for another signal now okay so another long entry here as you can see stochastics coming from the oversold territory price above the 200 ema getting the green on the super trend so valid long entry and we'll see how this one plays out alright so this one looks like our the first stop out on this trading session and the account is now still doing very well it's a pretty small loss you'll see here all right and on to the next trade setup okay so another long entry here got the uh super trends indicating a long close above the 200 ema and also the stochastic was not yet in the overbought territory coming up from oversold so we'll see how this one plays out [Music] all right so as you can see this one was profitable and the account is doing phenomenally at this point so continuing to look for signals okay so for this one the system was lagging so it was really odd but it actually entered two bitcoins for my position size you'll see it goes up to a two bitcoin position size here in just a second but anyway i close out one of those um to bring it back down to one bitcoin position size and then let the trade play out so it was fine [Music] as you can see this one got stopped out and it's on to the next trade see the position i mean the account size still doing really well and we'll look for another one okay so another long entry got the close above the 200 ema cross up on stochastic rsi from the over sold territory and the super trend indicators so we'll see how this one plays out okay so stopped out on this one and on to the next trade all right another long position here as you can see price closes above the 200 ema coming from the oversold on the stochastic rsi super trend indicating long so we'll see how it plays out all right another stop out and here's the account balance still doing very well so we'll move on to the next one all right short entry here as you can see coming from the overbought territory on the stochastic rsi got the super trend indicating short and prices under the 200 ema so we will see how this plays out [Music] all right so the time is actually up for the eight hour challenge here so i'm just going to close it out it's close enough to the profit target and that is it for the challenge eight hours down i'm going to do a little kind of conclusion recap but here's the account balance and that concludes the eight hour bitcoin one minute chart trading challenge with phenomenal results 11.14 percent in only eight hours so this ten thousand dollar account is now as you can see eleven thousand one hundred forty four dollars so keep in mind that i did use my own intuition here for as you saw stop last placement moving the stops break even and on some of the entry criteria so just uh make sure that you don't think that this is actually possible to do this each day this is ridiculous and i don't recommend trading on the one minute time frame and even though you saw me do this it doesn't mean that you can just go out and do this and repeat it so make sure that you are being safe out there and there's a reason i did this on a paper trading account and not a real money account because i don't want to put out the idea that you should be going out there and doing this on your real money account okay so it was for fun entertainment educational purposes only don't lose all your money please anyway thank you guys for watching make sure to hit the like button comment down below for the youtube algorithm and check out my weeble link if you want two free stocks valued up to one thousand eight hundred and fifty dollars just sign up using my link down below and get your free stocks there's no point in not doing it deposit 100 bucks get your two free stocks cash them out doesn't cost you anything now have a great day guys thank you

Channel: Trade Pro

Views: 887,899

Keywords: simple trading strategy, beginner trading strategy, profitable trading strategy, how to trade, ichimoku cloud, forex, forex trading, stock market, bitcoin, crypto, trading strategy tested, Vwap strategy

Id: X_FrGkpYLb4

Length: 14min 31sec (871 seconds)

Published: Tue Apr 20 2021