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Discover two powerful indicators that can improve your trading performance with less false entries, suitable for Forex, cryptocurrency, and stock markets.
How to Use Magic Volume Indicators for Successful Trading
Introduction
In this video, we will be discussing two powerful indicators that can help you avoid false entries in trading. Whether you’re a beginner or an experienced trader, these indicators are sure to help you improve your trading performance.
Empower Yourself with Magic Indicator Strategies
At Magic Indicator Strategies, our mission is to empower traders like you to achieve profitability in the markets. We understand that trading can be a challenging and complex task, which is why we’re dedicated to providing you with the tools and strategies you need to succeed.
Magic Volume Indicators for All Markets
This method works for forex, cryptocurrency, stocks, and any other market that has a high level of liquidity. It shows excellent results on shorter time frames such as one minute, one minute, and five minutes.
Building the Indicator Setup
To build this indicator setup, we will be using Jonesy Magic Analytics. This strategy is extremely easy, and you can obtain very fast and profitable results. We decided to give back to the community and share the secret strategy with you for free so that you can make good and consistent profits from trading.
Using Trading Tools
The buy and sell arrow indicator we see in the chart is called the on John Anderson indicator. The indicator is a bottom green and red bar; we call it the Jonesy magic indicator.
Understanding the Trading Setup
Firstly, we will search John Anderson’s standard indicator in the search box of TradingView. After that, we have to click on John Anderson’s standard bands by black hat option in which we have to change some settings. After that, we have to apply another Indicator on the chart, we will search Jonesy magic in the search box of TradingView.
Trading the Setup
When the John Anderson indicator gives us a buy signal, the Jonesy magic indicator should be a green color above the zero line, and the market should be above the ROC middle line. If these conditions are fulfilled, then we will place a buy order. Our stop loss is to be placed at the low of the previous market, and the risk to reward ratio will be 1 is to 1.5.
Short Position Trading
When the John Anderson indicator gives us a sell signal, the Jonesy magic indicator should be a red color below the zero line, and the market should be below the ROC middle line. If these conditions are fulfilled, then we will place a sell order. Our stop loss is to be placed at the high of the previous market, and the risk to reward ratio will be 1 is to 1.5.
Example Trades
We have provided four example trades in the video, demonstrating how the indicators work in a real trading scenario.
Conclusion
Using the magic volume indicators can help you avoid false entries in trading and improve your trading performance. By following the trading setup and understanding the tools, you can increase your chances of success in the market. Make sure to subscribe to our channel for more great trading strategies and tips.
