Review: “This Most POWERFUL Buy Sell Indicator STRATEGY Will Make You Filthy RICH”

in this video we will review this most powerful Buy sell indicator strategy that was created by trade genius in order to see if it's actually as powerful as claimed we will do that by back testing it 150 times using a risk to reward ratio of 1 to 1.5 and if we find an issues with this strategy we will of course try and fix them to make the strategy even better trade genius did a great job of explaining this strategy and if you want to watch their video you can check out their channel in this video though I'm gonna keep everything super simple let's get into it now get on trading View and load the one minute chart of GBP USD this is what trade genius used in a showcase so we're gonna do the same a total of three indicators are going to be used for this strategy and the first one is called Coral Trend indicator to add it to our chart click on indicators and then type here Coral Trend indicator and select this one by lazy bear then we're going to change some settings click here and on the style tab uncheck the trend and the background color options then head over to the inputs Tab and change the smoothing period to 26. and click here to activate the bar colors and then click ok so this trend indicator will be the one that will be used as a buy sell indicator we will take a long trade when the candles change color from red to Green like here and we will take a short trade whenever the candles change color from green to Red like here and of course just like any other Buy cell indicator this can't be used alone it needs a trend confirmation indicator and lucky for you and me trade genius provided us with exactly that and it's called swingarm ATR this one by v s n f and D great then you're gonna click here to access the settings panel on the style tab uncheck everything except for this very last plot background then on the inputs tab change the ATR period to 12. and the ATR factor to 6. and then click OK how this indicator works is really simple when it's colored green and the price is trading above it that is a bullish Trend and we will be looking to take only long trades but when it's colored red and the price is trading below it that is a bearish trend and we will be looking to take only short trades last but not least our third indicator is called angle attack follow line select this one by dreadblitz access the settings panel and on the inputs tab change the period to 50. and on the style tab uncheck everything except for the angle follow line then change color 0 and color 1 to this primary green and this primary red respectively and then click ok now let's go over the conditions for entering trades to enter a long trade first the swing arm ATR indicator should be colored green and the price should be trading above it second the angle attack follow line you know this guy right here should be colored green and lastly the coral Trend indicator should change the color of the candles from red to Green all these conditions are met on this candle so we enter a long trade we're going to set our stop loss right below the most recent swing low for the take profit we're going to set it at 1.5 times the risk we let the trade run and full TP here is one more example as you can see here the swing arm ATR indicator was colored green and the price was trading above it this angle follow line was also colored green finally we see that the coral Trend indicator changed the color of the candles from red to Green we enter a long trade here set our stop loss below the most recent swing low and for the take profit we're going to set it at 1.5 times the risk we let the trade run and take profit to enter a short trade you basically just have to do the opposite of everything we did for a long trade here's what I mean first the swingarm ATR indicator should be colored red and the price should be trading below it second the angle attack follow line this guy right here should be colored red and lastly the coral Trend indicator should change the color of the candles from green to Red all these conditions are met on this candle so we enter a short trade we're going to set our stop loss above the most recent swing High for the take profit we're going to set it at 1.5 times the risk we let this trade run and take profit here's one more short example as we can see here the swing arm ATR indicator was colored red and the price was trading Beloit this angle follow line was also colored red finally we see that the coral Trend indicator changed the color of the candles from green to red all these conditions are matched on this candle so we enter a short trade instead of stop loss above the most recent swing High which is this one right here and for the take profit we're gonna set it at 1.5 times the risk we let this trade run and take profit as you can see this is a super simple strategy when everything's green you buy when everything's red you sell but is it also super powerful well let's find out I'm gonna back test it 150 times using a risk to reward ratio of 1 to 1.5 the account size is going to be set at a thousand dollars and we're gonna be risking two percent of that every time we take a trade let's get started foreign [Music] [Music] is done and we have the results but before we share it with you guys if you found value in this video take one second and hit that like button below because by doing that you're motivating us to keep creating this free and value-backed videos for you so please do that now after 150 trades we see that the win rate was 60.67 and again on the account was 347 percent we see that it had a profit factor of 2.31 5 consecutive wins against five consecutive losses and a maximum drawdown of nine percent which is a bit High we definitely should have risked only one percent per trade it took me just two weeks to find this 150 trades which basically means that the strategy produces a lot of trade signals sometimes you may even have over 15 trades in a single day and the majority of them might even lose So to avoid this we could trade only during specific trading sessions maybe only during the London session or only during the New York session as always remember this is just 150 trades and the bug test performance doesn't guarantee future results that's been it for this video hope you found some value if you did hit the like button below and consider subscribing to stay tuned thanks for watching and I'll see you guys next time

Channel: PineTrades

Views: 67,285

Keywords: scalping trading strategy, forex trading, trading forex, forex, crypto trading, trading strategy, investing, day trading, swing trading, profitable trading strategy, online income, make money trading, trading strategy to get rich, best scalping trading strategy, forex scalping strategy, best scalping strategy forex, best trading strategy, Profitable Buy Sell Indicator, Most POWERFULL Buy Sell Indicator, Filthy RICH, Buy Sell Indicator STRATEGY

Id: bYufOD4TOlk

Length: 8min 11sec (491 seconds)

Published: Tue Jan 31 2023