Trader Profit Club
Learn how to create a highly effective trading strategy using unique technical indicators, suitable for trading crypto, stocks and forex. The strategy follows the trend and includes indicators for identifying trend direction, buy and sell signals, and volatility. Entry rules include conditions for entering long and short positions, with stop loss and take profit set at 1.5 times the risk. Mastering trading psychology is also important for success. The setup can be created using trading view platform and includes a combination of indicators for trend direction, buy and sell signals, and volatility.
Magic Indicator Strategies: The Ultimate Guide to Profitable Day Trading
Introduction
Are you tired of endless searching for profitable trading strategies? Do you want to learn how to make consistent profits with a unique and ultra-accurate trading strategy? Look no further than Magic Indicator Strategies. In today’s video, we’ll dive into a secret method that will change your trading game. Here’s how you can make profits like this from day trading.
Unique Technical Indicators
At Magic Indicator Strategies, we use a combination of highly effective tools to read and predict price movements with high accuracy. Let’s start with our indicator that colors the bars. This tool helps identify trend direction with ease. When the price action crosses and closes above the moving average, the bar becomes green. This signal indicates that the security is controlled by bulls. On the other hand, when the candlestick crosses and closes below the moving average, the bar becomes red, which indicates a downtrend.
Following the Trend
With our strategy, we follow the trend rather than trying to catch reversals. We believe that this is the best way to trade, as it minimizes risks and maximizes profits. Our next indicator is this oscillator that issues buy and sell signals. This tool serves as our first confirmation indicator, and based on its signals, we place buy and sell orders. The indicator comprises a colored histogram and a moving average. Every time the bar switches from red or gray to green, it indicates a long signal. When the bar changes color from green or gray to red, it indicates that the trader should take a short position. Gray bars appear when there is no action going on in the market, indicating a sideways price movement. This tool helps identify strong buying and selling pressure.
Volatility Indicator
Lastly, we employ a line cross indicator as a volatility indicator. When volatility in the market is high, the blue line is positioned above the 20 level and pointing upward. We only want to be entering trades when the volatility level is increased; otherwise, our chances of a successful entry are significantly reduced.
Entry Rules
Now that you understand our strategy, let’s discuss the entry rules. For entering a long position, the price action must be above the moving average, and the indicator must print a new green histogram. Furthermore, the blue line of this volatility indicator needs to be above the 20 level and pointing upwards. If one of these conditions is not met when our first confirmation indicator issues a new signal, we skip it and wait for a new one. We place a buy order at the close of the candlestick that triggered the signal. Our stop loss is placed at the recent lowest price, and our take profit is set at 1.5 times the risk.
Short Positions
Short positions follow similar rules. The price action must be in the downtrend, and the indicator must print a new red bar. Furthermore, as with long trades, the volatility indicator needs to be positioned above the 20 level and the line pointing upwards. If these conditions are met, we can safely enter a short position. After the trigger candlestick closes, we place a sell order, and our stop-loss is set at the recent highest price. We aim to target 1.5 times the risk with our take profit.
Building the Setup
Now, let’s learn how to build this setup step by step. First, open the trading view platform and head over to the indicators tab. In the “Braid” filter, select the indicator that colors the bars. For the second indicator, search for CMMA Trendbars, select it by Chris Moody, and access its settings. Change the EMA uptrend from 34 to 100. Finally, go to the indicators and type in ADX and DI. Pick this indicator, and in the style section, disable all lines and make the white line more visible.
Mastering Trading Psychology
While entries and money management are essential to success in trading, mastering trading psychology is equally important. Even with the best strategy, traders who lack discipline and emotional control may make silly mistakes and reduce their chances of success.
Conclusion
In conclusion, Magic Indicator Strategies is a unique and ultra-accurate trading strategy that will change your trading career. Following trend direction, using unique technical indicators, and employing a volatility indicator make our strategy highly effective. By mastering trading psychology and following strict entry rules, consistent profits await. So, are you ready to start making profits like a pro? Build this setup, follow the rules, and let’s get trading.
