The BEST StochRSI Scalping Strategy For Beginners TESTED 100 Times | High Accuracy | Daily Profit

hello everyone welcome to tradeline in today's video I am going to share with you a powerful and Incredibly easy trading strategy we will also test this strategy 100 times in a row to find out its actual win rate the strategy that we are going to talk about today is perfect for those who are new to trading it is also one of the simplest trading strategies that anyone can employ hopefully you will be able to benefit from this strategy after watching this tutorial before we go any further if you want to show us your support and help us produce a lot of new content make sure you hit the Subscribe button and the notification Bell it's only two clicks but it means a lot to us so without further Ado let's get started with today's video the first thing you want to do is open the trading View and select the pair you want to trade choose whatever pair you want as this strategy works well on any pair next select the time frame for this strategy you can use any suitable time frame for you here I've opened a five minute chart of the Euro USD but feel free to experiment with other time frames alright so now let's add our first indicator to our chart to add indicators here we click the indicator menu at the top and in the search menu type our first indicator's name which is the stochastic RSI and we're going to use this one here click on it to add it to the chart we will not make any changes to the settings we will leave them as they are if you don't know how the stochastic RSI indicator works let me give you a short explanation like the RSI stochastic RSI Cycles between overbought levels above 80 and oversold levels below 20. the stochastic RSI reaches these levels much more frequently than the RSI as a result of which it provides more trading opportunities it moves within the range of 0 to 100 a Buy Signal would be generated when the stochastic RSI Falls below the oversold level 20 then moves back above it conversely a cell signal would be generated when the stochastic RSI rises above the overbought level 80 and then crosses it to the downside see here the stochastic RSI Falls below the oversold level of 20 then moves back above it indicating a Buy Signal if we had entered the trade based on this signal we would have caught a huge market movement and made huge profits here the stochastic RSI indicates a sell signal as it rises above the overbought level of 80 and then crosses it to the downside if we had entered trades on this signal we could have made a huge profit with the help of this indicator alone of course one should use a longer term Trend filter to ensure that you only take trades in the direction of the trend and in this strategy we will use two exponential moving averages to ensure the direction of the trend all right so go to the indicator type em in the search box and then add it to the chart and for this emo we must change the settings so go to the indicator settings and change the length from 9 to 50. we must add another EMA to our charts so go to the indicator again type em in the search box and then add it to the chart and for this emo we must also change the settings so go to the indicator settings and change the length from 9 to 100 and in the style section I'm going to change it to Orange you can choose any color you want after successfully placing all of these trading indicators on your trading chart let's see how to use them let's start with the rules for entering long positions first the 50 period moving average must be above the 100 period moving average moreover both moving averages should be sloping upward second the stochastic RSI should cross the 20 Level to the upside which is a Buy Signal and finally the price action must be closed above the 50 period moving average all the rules are met on this candle so this is the candle where we will enter the trade we will open a long order at the open of the next candle you can set the stop loss just below the recent swing low and our take profit would be 1.5 times greater than the stop loss let's look at some examples to help you understand here the stochastic RSI crossed the 20 Level to the upside indicating a Buy Signal and the 50 EMA is above the 100 EMA and the price is also closed above the 50 EMA all the rules are met on this candle so we will enter a long trade at the open of the next candle and I set the stop loss just below the recent swing low and our take profit would be 1.5 times greater than the stop loss here the stochastic RSI again crossed the 20 Level to the upside indicating a Buy Signal but the 50 period Emma is still below the 100 period EMA so this signal is not valid now let's understand the conditions for entering a short trade entering a short position is the exact opposite of entering a long position first the 50 period moving average must be below the 100 period moving average moreover both moving averages should be sloping downward second the stochastic RSI should cross the 80 level to the downside indicating a sell signal and finally the price action must be closed below the 50 period moving average all the rules are met on this candle we will open a short order at the open of the next candle you can set the stop loss just above the recent swing high and our take profit would be 1.5 times greater than the stop loss here the stochastic RSI crossed the 80 level to the downside indicating a sell signal the 50 EMA is below the 100 EMA and both EMAs are sloped downwards and the price is also closed below the 50 EMA all the rules are met on this candle so we will enter a short trade at the open of the next candle I set the stop loss just above the recent swing high and our take profit would be 1.5 times greater than the stop loss okay so now that you know the trading rules let's start testing the strategy 100 times so please watch the video Until the End to see how much money we can make with this strategy [Music] thank you foreign [Music] [Music] [Music] thank you [Music] [Music] [Music] thank you [Music] okay so I did 100 back to switch took about one month and the results for the strategy are really good as you can see the strategy had a 66 success rate which is crazy high for a short-term trading strategy the most wins in a row is 11 and the most losses in a row is five we started our account with one thousand dollars and risked two percent on each trade and the total gain on the account was 130 percent which is truly impressive for a short-term trading strategy so thank you guys for watching and if you like the video then be sure to subscribe to our channel so that you don't miss on any of our new videos I'll see you in the next video

Channel: TRADELINE

Views: 7,073

Keywords: stochastic rsi, relative strength Index, stochastic trading strategy, rsi scalping, heikenashi, 100 times Tested strategy, high win rate scalping strategy, best forex trading strategy, scalping strategy for beginners, easy trading strategy, crypto scalping strategy, options trading strategy, daily profit, price action, candlestick pattern, nifty 50, banknifty, Nasdaq

Id: ysoV80j33mI

Length: 8min 27sec (507 seconds)

Published: Mon May 08 2023