Learn a profitable strategy for trading and how to use the PSAR support resistance indicator, multi-term indicator, and directional movement index trend for signal confirmations.
Stop Losing Money in Trading: A Profit-Making Strategy with Bitcoin Chart and Indicators
Introduction
– Importance of stop losing money in trading
– The promise of a profitable strategy demonstrated in the Bitcoin chart with a 15-minute timeframe
– Overview of the indicators used
PSAR Support Resistance Indicator
– Explanation of how the indicator works based on parabolic SAR
– Need for modification to achieve high accuracy signals
– Step-by-step guide on how to modify indicator settings
– Conditions for entering a buy or sell trade using this indicator
– The importance of identifying market range zones with the indicator
– Examples of how to avoid false signals using the indicator
Multi-Timeframe Indicator
– Explanation of the indicator’s additional functionality in improving the strategy’s profitability
– Step-by-step guide on how to add and modify the indicator settings
– Confirmation conditions for a valid signal based on the indicator
– Example of how to use the indicator in conjunction with PSAR indicator
Directional Movement Index Trend Indicator
– Explanation of the indicator’s role in confirming signals
– Step-by-step guide on how to add and modify the indicator settings
– Final confirmation conditions for a valid signal
Trade Entry Conditions
– Summary of the conditions for entering a buy or sell trade using the three indicators
– Stop loss and risk-reward ratio considerations
Conclusion
– Recap of the strategy and its potential profitability
– Importance of thorough testing and risk management in trading