Mk Forex Edge
YouTube video provides trading advice with two indicators: the banker fund flow trend and the buy and sell back test. The indicators assist in identifying market trend and sentiment. The video demonstrates how to combine and adjust the settings of the indicators to generate profitable trades. The strategy involves looking for buy and sell signals, ensuring the price is above or below the EMA crossover, and checking the value in the banker’s fund flow indicator. It’s important to use a zero spread broker to increase profitability and subscribe to the channel for more trading strategies.
Maximizing Your Trading Profits: A Guide to Using Two Top Performing Indicators
Introduction
Welcome to the mk4x Edge YouTube channel where we bring you the latest and most effective trading strategy and indicators. In this video, we will be sharing two top performing indicators that have helped us achieve greater success in our trades. We will explore the basics of these indicators as well as how to combine them to generate profitable trades.
Banker Fund Flow Trend
The first indicator we will explore is the banker fund flow trend. This indicator is crucial as it helps us identify the market trend and sentiment by analyzing the buying and selling activity of institutional investors. By adding this indicator to our chart, we can obtain a clear view of how the market trend is developing and whether there is any bullish or bearish sentiment among the big traders in the market.
Buy and Sell Back Test
The second indicator we will introduce is the buy and sell back test. This indicator helps us identify precise entry and exit points by analyzing the crossover of two exponential moving averages. By combining these two powerful indicators, we can create a trading strategy that allows us to make informed trading decisions and maximize our profits.
Setting up the Indicators
To set up the indicators, we need to open the tradingview.com platform and open the Euro USD chart. Then, we will select the 15-minute time frame to give us a clear view of the recent price action. Next, we will head over to the indicators section and search for the banker fund flow trend. Once selected, we will add it to the chart above the price action.
We will then head back to the indicator section and search for the buy and sell back test. Once selected, we will see some buy and sell signals appear on our chart along with an EMA cross and the banker fund flow trend oscillator below. To fine-tune our setup, we need to adjust the settings of the buy and sell back test indicator. We will uncheck the trades on chart option to clean up the chart and make it easier to read. Then, we will head over to the input section and scroll down to select EMA 121 and EMA 238. These values have been proven to work well in many different trading scenarios and are a great starting point for our strategy.
Creating a Trading Strategy
Now that we have our indicator set up, let us take a closer look at how we can use them to create a trading strategy. We will focus on the buy rules first. First, we need to look for a Buy Signal on the chart. Second, we need to make sure that the price is above the EMA crossover. Third, we need to look for a positive candle to appear on the chart. Once these three conditions have been met, we have a strong indication that we should enter a buy trade.
To understand the role of our second indicator, the banker fund flow, we need to look for a green bar value above 80 for a perfect entry point. As we move forward on the chart, we can see that the green bar has finally crossed the 80 value threshold. This means we now have a candlestick above it, which is also a green candle and it is above the EMA crossover with a Buy Signal. This satisfies all the conditions for a perfect entry point. For our stop loss, we will set it below the crossover. If you are a conservative trader, then a target of one to one means a target as much as the stop loss.
For short trades, the first condition is that the sell signal should appear above the chart. Second, the price should be below the crossover line. Third, we need a red candle to appear. Fourth, we need to check the value in the banker’s fund flow indicator. In this case, we need the value to be below 20. Once these conditions have been met, we can enter a short trade and set a stop loss above the crossover. Our target for profit will be one to one in the short trade.
Conclusion
By using the banker fund flow trend and buy and sell back test indicators, we can create a trading strategy that allows us to make informed trading decisions and maximize our profits. Remember to use a zero spread broker as every single pip counts when scalping. If you want to learn our favorite trading strategy, be sure to watch our other videos. Don’t forget to like and subscribe!
