A trader demonstrates their Mindview method, which uses the RSI indicator to filter out misleading signals and has a high winning rate. They employ three indicators and show examples of buy and sell signals with risk calculations. The new RSI indicator is used to validate signals and prevent trading mistakes, and the method is shown to work well in range markets. The trader recommends checking out other strategies on their channel for optimal profit.

The Mindview Method: An Extremely High Winning Rate Approach for Scalping Trades
Introduction: A Revolutionary Method Based on RSI Indicator and Filtered Trades

Are you tired of losing money in your scalping trades? Do you want an approach that guarantees you a winning rate? Then, the Mindview Method might just be the strategy for you. In this video, we will demonstrate how this multi-million dollar method, which doesn’t exist on the internet, can help you make more money in your trades. By using three distinct indicators and filtering misleading signals in the range chart, this approach can provide you with optimal profits. So, stay tuned till the end and follow along as we explain how to build and use this miraculous technique.

The Hakanashi Candlesticks and Two Indicators for Sell and Buy positions

The first step in constructing this strategy is modifying the candlesticks to Hakanashi to match our plan. This Sell signal is based on two indicators, as well as RSI approval. We plan to open several trades based on this strategy’s cues, and here is the sell signal which will initiate a short sell position. We will hold the position till the very end.

The following is the purchase signal approach. We will reopen the buy position in the best location, and if the Sell signal is activated, we will put the stop loss to the previous ceiling’s end. We intend to retain the position till the decline ends as we risk 12 on this position. We’ll open a few trades for you to check how well this method delivers signals.

The Three Indicators Used for Generating Reliable Indications and Profits

Moving on, these reliable indications and profits from scalping trades are generated by a combination of three indicators: the RSI indicator with the recent changes, the Advanced Indicator – renamed for this strategy, and the Hakanashi Candlesticks. The RSI indicator is the cause for no signal being received here, and we’ll go through each indicator and explain how it works.

The First Indicator: Advanced Indicator

The first choice is to make fresh adjustments to the advanced indicator from the inputs area, and in the style section, we also alter the number of the second choice to 2.3. We disable all options except for the purchase label and sell label. The preceding signals correspond to the right signals for this indicator, but these signals are erroneous since they have been filtered by subsequent indicators and have no validity.

The Second Indicator: Renamed Afor this Strategy

Let us now add the renamed A indicator (renamed for this strategy) to the chart. We disable all of the choices in the style area and move down to the input section and set the number of the first option to colorful. As you can see, anytime the indicator gave a sell signal, the color of the indicator got clearer, and the color of this indicator changed to red. The signal’s second condition was established.

Both Indicators have Given a Buy Signal and a Sell Signal

Both indicators have given a buy signal in this case, indicating that both requirements have been satisfied. The indicator’s color changes to blue and climbs upwards. At this point, we’ve arrived at a critical point in this strategy, so please pay close attention to what is being stated. Both indicators corroborate the purchase signal or in this case, both indicators have produced a sell signal that appears legitimate. But what makes these signals invalid? It’s because the third indicator RSI does not validate these indications with its revised settings.

The Third Indicator: RSI

Adding Popularity RSI Indicator to the Chart with Key Elements

We finally have final permission from the RSI. As mentioned at the start of the video, this technique is comprised of three indications. So, let’s add the popular RSI indicator to the chart with some key elements specified in the RSI settings. This sort of setup is nowhere and is my accomplishment in the indicator settings. In the inputs area, the number was changed from fourteen to twenty. Take notice that the following option is on SMA. In the style section, I also altered the color of RSI to blue and increased its thickness to make it more visible.

Initiating a Trade and Calculating the Risk Reward and Profit Goals

Before we put this technique to the test, I wanted to show you how to initiate a trade and calculate the risk reward and profit goals. Let’s say I initiate a purchasing position here, and assume that this region represents the position stop loss. How can we now adapt the risk to reward profit goals? After the price rises and the risk reaches a reward of 1.5, our initial aim becomes a risk to reward of one. If the price rises and the risk reaches reward two, we will have met our second goal. When the price exceeds our risk, we will reach our third aim.

Examples of Scalping Trading Positions with Mindview Method

Let’s try some scalping trading positions with this method and watch how the RSI indicator filters out false signals with the current parameters. Then, you will understand the effectiveness and precision of this method. A sell signal has been sent by the first indication, and the second indicator becomes red and travels downhill. The first criterion is also validated by the RSI indicator. The final condition is satisfied when the blue line crosses the yellow line downward. This signal is entirely legitimate because all three requirements are satisfied; I’m going to start selling here, and the fourth goal was attained by this trading position.

Here’s an example of a purchase signal from the RSI indicator, and the blue line ascends and passes the yellow line. This signal is correct, and to make the signals more obvious, I turn off the price chart. This signal is legitimate since all three requirements are satisfied, and I initiated a purchasing position based on this. This signal is viable under three circumstances for a short sell position, and the second goal was met, a profit to risk ratio of two. The above two indicators issued and verified this signal. However, when we look at the RSI, we observe that it has not confirmed this signal and is not legitimate here either.

The Advanced RSI Indicator Filters Out Faulty and Erroneous Signals

The new RSI indicator screens out faulty and erroneous signals. As a result, my techniques have fewer trading mistakes. I’ll turn off the pricing chart so you can examine it for yourself. There are two confirmations here, but RSI does not enable you to input the position, and we would lose 100 percent if we placed a sell position here. See some examples of false signal suppression using the new RSI indicator.

Conclusion: The Mindview Method is Flawless and Extremely Precise

How does the RSI indicator operate in a range market with no price fluctuations? The price chart is now in range mode, and the advanced RSI indicator filters out any erroneous indications. This is the most crucial and volatile market area, and the RSI indicator prevents you from entering a position. This method is flawless and extremely accurate. We hope you learned something new about trading and found this video valuable. Be sure to check out other strategies on our channel, and it’s our honor to be able to serve you.

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