Discover two powerful indicators to avoid false entries in trading with the help of Secret Indicator Strategies. The indicators work on various markets and shorter time frames, and the strategy is explained in detail through examples. Don’t forget to subscribe to the channel for more great trading strategies and tips.

Best Trading View Indicators: Avoiding False Entries with Magic Volume Indicators

Introduction: Empowering Traders with the Right Tools and Strategies

Aspiring traders understand that the trading world can be complex and challenging. Secret Indicator Strategies aims to help traders achieve profitability in the markets by providing effective tools and strategies that can improve their trading performance. In this video, we dive into two powerful indicators that can help traders avoid false entries in trading and achieve consistent and profitable results.

Building the Indicator Setup

Before we can start using the indicators, we need to first set them up. The 5MSM Vishnu indicator and the Daily Wickedness DHA Beta indicator can be found easily in the search box of TradingView. Once you have added these indicators to your chart, you can change some settings to optimize your strategy. For the 5MSM Vishnu indicator, we recommend changing the Key Vault option from 3 to 2. For the Daily Wickedness DHA Beta indicator, we suggest changing the Recent option from 6 to 7, the Fast P option from 7 to 6, and the Slow P option from 21 to 22.

Executing Trades with the Indicator Setup

Now that the indicator setup is ready, we can execute trades using the strategy. On the one-minute chart, the strategy works well as it is unique and effective. For a sell signal, the Vishnu indicator must give off a sell signal and the DHA Beta indicator should be in red color below the zero line. Once these conditions are fulfilled, we can place a sell order with a stop loss at the high of the previous market and a 1:1.5 risk-to-reward ratio. For a buy signal, the Vishnu indicator should give off a buy signal and the DHA Beta indicator should be in green color above the zero line. Once these conditions are fulfilled, we place a buy order with a stop loss at the low of the previous market and a 1:1.5 risk-to-reward ratio.

Examples of Successful Trades

To see how the indicator setup works in action, we take a look at some examples of trades. In each of these trades, the conditions for a buy or sell signal were fulfilled, and the stop loss and risk-to-reward ratio parameters were followed. As you can see in the examples provided, each trade was successful and profitable.

Conclusion: Don’t Miss Out on Making Consistent Profits in Trading

By implementing the indicator setup and following the trading strategy, traders can avoid false entries and increase their chances of profitable trades. The setup is easy to build, and the strategy is simple yet effective. Whether you are a beginner or an experienced trader, the 5MSM Vishnu indicator and the Daily Wickedness DHA Beta indicator can help you achieve profitability in the markets with consistency. Subscribe to Secret Indicator Strategies for more great trading strategies and tips.