This video shares a profitable trading strategy using the super trend indicator, hike and ashy candlesticks, and a volume tool to generate signals with high risk to reward ratios. Three super trend indicators are used to avoid fake signals during sideways market momentum. Long and short entry rules are provided and traders are advised to manage their money smartly and stick to their strategy. The video also shows how to set up the indicator on Trading View and create alerts. Backtesting and forward testing are recommended before live trading.

Magic Indicator Strategies: A Highly Profitable Trading System

Introduction

In this video, we will discuss a highly profitable trading strategy called the Hike in Ashy Triple Super Trend Trading Strategy. This trading system is suitable for both beginners and advanced traders, and it can generate signals with a risk to reward ratio of up to 14 to 1. In this article, we will break down the rules for this strategy and teach you how to set up the indicators required.

Super Trend Indicator

The Super Trend Indicator is a popular trading strategy that signals buy or sell based on whether the closing price is above or below the value of the indicator. It provides reliable support and resistance levels for traders to enter and exit trades, and it also helps traders set profitable stop-loss levels.

Triple Super Trend Indicator

To avoid fake signals during sideways market momentum, we will use three Super Trend Indicators in our strategy. This strategy helps us make sure we enter a trade in an established trend. The settings for the three Super Trend Indicators are as follows:

First Super Trend Indicator: ATR multiplier set to 1.2 with only buy and sell signals enabled.

Second Super Trend Indicator: ATR multiplier set to 3 with buy and sell signals disabled.

Third Super Trend Indicator: ATR multiplier set to 10 with buy and sell signals disabled.

Long Entry Rules

For a long entry signal to be confirmed, the following conditions must be met:

– A buy label must be printed below the price bar.
– At the time the label is printed, the other two Super Trends must be green.
– The Hike and Ashy Candlestick must be bullish with no lower wick.
– Check the current state of market volume. If there is a gradual increase in bullish volume, then you can confidently place a buy order.
– The stop loss will be set at the second Super Trend exit.
– A profitable trade should only be closed once you receive a sell signal from the indicator.

Short Entry Rules

For a short entry signal to be confirmed, the following conditions must be met:

– A sell signal must be printed.
– The rest of the Super Trends must be red.
– The Hike and Ashy Candlestick must be bearish and must not have an upper wick.
– There must be an increase in bearish volume in the market.
– The red volume bars must become taller.
– Place a sell order at the open of the next price bar.
– Place the stop loss at the second Super Trend exit.
– A winning short trade can only be closed once you receive a buy signal from the Super Trend Indicator.

Creating the Indicator Setup

To create the indicator setup, follow these steps:

1. Log into Trading View and open any chart.
2. Head over to the Indicators menu and search for Super Trend.
3. Add three Super Trend Indicators to the chart.
4. Access the settings on the first one and change the ATR multiplier to 1.2. Then, go to the Styles section and disable everything except for buy and sell signals.
5. Open the settings for the second Super Trend, leave the multiplier at 3, and disable the buy and sell signals in the Style section.
6. Proceed to the settings of the third Super Trend, change the ATR multiplier to 10, and uncheck the buy and sell signals.
7. Open the Indicators menu one more time and search for Volume.
8. Add this indicator, which you can see under Technicals.
9. Create alerts for these buy and sell signals by clicking on the Alert button at the top and selecting the first Super Trend as the condition.
10. Set the alert to occur once per bar close.

Backtesting and Forward Testing

Before trading live, it is important to backtest and forward test this strategy. We have tested it on the price of Bitcoin on the five-minute chart, and the win ratio was close to 85 percent, which is a good result for a strategy this simple.

Conclusion

The Hike in Ashy Triple Super Trend Trading Strategy is a highly profitable trading system suitable for beginners and advanced traders. It can generate signals with a high risk to reward ratio, making it an effective strategy for making a lot of money in the long run. Remember to manage your money smartly and to remain emotionally stable when encountering a losing streak. With the proper strategy and indicators, success as a trader is attainable.