The Most Accurate Buy Sell Signal Indicator in TradingView - 100% Profitable in Intraday Trading

hey there in today's video I want to share a simple yet very profitable strategy with you guys do not understand the strategy because of its simplicity by mastering this strategy you won't need the other ones anymore I will go through everything step by step and try to teach you each and every detail so be sure to watch the whole video first of all open the tradingview.com website and then select the GBP JPY currency pair next I'll set my time to the five minute time frame for this strategy but keep in mind that you can use this method on all time frames and this strategy can be profitable on all of them these three lines are just regular moving averages the only difference between these moving averages is how they are set up with various settings if you use only one moving average line you will see a lot of fake breakouts most Traders find it confusing especially beginners these moving averages act as a Channel or Zone holding the price within the channel it reduces false breakouts and allows you to enter trades after the price breaks through channels I tested this strategy 50 times you can gain sixty percent of your account balance in just 30 days in other words if you have one thousand dollars in your account you can make at least six hundred dollars using just one currency pair the best part of this strategy is you have to risk only two percent per trade this strategy is based on the trend price action and current momentum three different moving averages work as Dynamic support and resistance zones I will explain this in the video I will keep things as simple as possible with no complex indicators or tools so it is very easy to understand and apply so it is easy to find very profitable trades in a couple of hours this strategy works very well on the lower time frames like one minute and five minutes if you are new to scalping trading and still learning about trading so this simple strategy is a good place to start trading because you will take the decision very quickly and hit buy and sell without thinking about fancy indicators now it's time to add indicators to our chart go to the indicators menu and search EMA apply the exponential moving average to the chart go to the indicator settings and change the length to 32. customize line thickness as you like now add another exponential moving average to the Chart go to the second moving average settings and change the length to 32 and change the source to low foreign now add the last exponential moving average to the Chart go to the third EMA settings and change the length to 32 and change the source to high I increase the line thickness now our first setup is ready as I already mentioned earlier in the video we will use these three moving averages as Dynamic support and resistance zones Traders usually draw traditional horizontal support and resistance lines but the price does not exactly react to support and resistance lines but if you draw a Zone on market prices high and low it's more accurate the top and bottom moving averages create excellent support and resistance zones in the chart it is more accurate than using a single moving average line like traditional support and resistance zones this will save us from false breakouts and if you do not have a laptop or PC even if you trade with cell phone devices you can use this strategy to make some money before we continue you can support me by subscribing and turning on notifications also if you're learning something new give us a like and share this video with others [Music] let's get started with the strategy rules before get into it don't forget to like and share the video the first rule is that the price should cross the moving average Zone from above to below this indicates that the current trend is about to change from bullish to bearish however this does not exactly confirm the reversal movement price may come back to the previous trend when a large move like this takes place the price retraces to a higher level ninety percent of the time and the second rule is the market price should hold in the moving average Zone sometimes the Zone will hold the price perfectly like this but many times you will see that the market price crosses upwards and then quickly returns back to the zone or sometimes a bullish candle closes above the zone and the next candle immediately goes to the Zone these scenarios are valid with our second rule our main target is the price hold inside the moving average Zone you need to have a basic knowledge of Candlestick patterns to identify the high momentum candles the main idea is to find a cross down with good momentum so we can identify the momentum that just started and the market will continue in that direction you can enter the trade here set your stop loss above the swing high or above all three moving averages the first profit Target is one is to one and the second profit Target is one is to two when the first Target of profit is hit you can move up the stop loss break even and wait for the price to reach the second profit Target so it becomes a risk-free trade you can re-enter the market when you get another pullback in the direction of the trend but I would recommend you to do only three trades in the direction of a single trend and keep low The Profit targets low in the second and third trades buy rules are completely opposite of the cell rules first of all the price should cross above the moving averages leaving a gap between the market price and the moving average the second rule is the price should retrace inside the moving average Zone I explained three scenarios that can happen at this moment first one the price moves down and goes up immediately leaving a Candlestick shadow second the price is close below the moving average but the very next candle rejects the price and moves up printing a bullish Candle on the chart the third one the price perfectly holds the moving average Zone and does not cross the lower moving average line the third rule is that the price must cross above the higher moving average with momentum and should close above it I place the Buy trade here our first Target profit will be one is to one in the second target profit will be one is to two do not set a profit Target below one is to one and above one is to two now stop loss above the lower moving average line or swing low of the retracement even though if the stop loss is too far away do not enter the trade now I'm going to test this strategy on the Euro USD currency pair I will take 200 trades and I will calculate the accuracy and gain of this strategy [Music] [Music] okay the results are in after 31 days test is truly amazing so let's check it out now I used a five minute time frame this was done using a one as to one and one as to two risks to reward ratio on Euro USD and it took one month of price data to find the 100 Trade signals which is actually very good there were 63 winners and 37 losses the win rate is 63 percent this is a really good win rate because our risk reward ratio is one is to one and one is to two the most one in a row was nine and the most lost in a row is two the gain on the account was 86 percent and that's risking two percent per trade that means if you had a one thousand dollars account you can gain at least eight hundred dollar profit using only one currency pair the good thing about this strategy is that you only have to risk two percent on each trade it is still very profitable if you put in 20 trades at least 13 trades will be profitable with a 1 to 1.5 risk reward ratios don't risk more than two percent per trade you can use more than one currency pair and you can gain more money with this strategy now I'm going to improve the accuracy of this indicator if you want you can use this indicator alone as well you have already seen this amazing result so for this we will add another new indicator but before that I know most people use the free version of trading View and in the free version you are allowed to add only three indicators on the chart on top of the page click on the indicators option and open the tab on the search bar type 3 EMA you can use this indicator right here the same settings as before but with three exponential moving averages in one indicator foreign [Music] we can eliminate all fake signals using the methods that I'm going to introduce later on this video but before moving on to that if you're enjoying this video make sure to leave a like And subscribe and help the Channel with the YouTube algorithm okay now let me teach you how to filter fake signals we need to add another indicator to our chart on top of the page click on the indicators option and open the tab on the search bar type swing arm ATR now this is how the indicator looks and it contains some signal in its own line to make the most of the indicator we must open the settings of the indicator and change some things up so that the indicator can become more optimized and efficient for our strategy first in this style tab we disable the sum option next we move to the input section and from there we change the ATR period to 200 and the ATR factor to 8. that's it now we can click on OK and close the tab let me explain how we will be using the indicator in the EMA strategy the way we use it is that whenever the Black Flag indicator is Green Line it means that we're currently at an uptrend movement and we're allowed to enter only by trades and if the indicator Red Line it tells us that we are as a downtrend movement and we should enter only shorter cell trades let's see the indicator has worked with the first one here we got a bearish or sell signal here the bearish Candlestick pattern is created by touching the moving average let's execute the trade and set the stop loss above the moving average so we can see that our stop loss has been hit on this trade I kept the second indicator hidden you can see now the second indicator is green color this means the market is an uptrend which allowed us to execute trades of buy only so the trade we just made was a wrong trade so now you can see we have got a perfect Buy Signal here [Music] so we have made a loss on this trade also now let's look at the second indicator it's red so this was a fake signal on which we just executed the trade you can filter out those fake signals easily using this indicator now that we've completely learned this strategy I want to test it on the GBP USD chart with a five minutes time frame and I want to see so how much profit we could have made in these trades using the strategy [Music] now let's see how much profits are made with just these 30 trades in only 30 trades in the GBP USD chart we achieved nearly 300 profit and this much profit in such few trades is truly amazing and one very important thing when you use this indicator on one minute or five minute time frame then your stop loss will be very small so it may be that the broker you use they provide you very high spread due to which your chances of hitting the stop loss will be high so I would request you to use IC Market which will provide you zero spread and you will be able to execute pinpoint trades in Market Link in a description join now but if you want to know about another great strategy that is just one make sure to watch this next video shown on the screen take care and goodbye

Channel: Power of Trading

Views: 573,091

Keywords: forex trading, power of trading, most effective trading indicators, tradingview best indicators, tradingview entry exit, tradingview entry indicators, tradingview entry point indicator, most effective tradingview indicator, forex trading for beginners, Day trading, forex trading strategies, most effective tradingview indicator for day trading, pweroftrading, effective tradingview indicator, tradingview most accurate indicator, best tradingview indicator, intraday trading, trading

Id: wR7YJZxtO2Y

Length: 12min 21sec (741 seconds)

Published: Sun Dec 11 2022