Learn how to trade using the proper Super Trend with Hull M A Sell by Rates Indicator. Discover the best strategy by the Buy/Sell Indicator.
Mastering Trading with Super Trend and Hull MA Sell by Rates Indicator
Introduction
In this article, we will delve into the intricacies of one of the most popular and commonly used trading indicators, the Buy Sell Indicator. It is a versatile tool that can be used for different purposes, including trend identification, and today we will reveal how to properly use it in conjunction with Super Trend and Hull MA Sell by Rates Indicator to develop a winning trading strategy.
Trading Tools
The trading tools that we will be using today are the Super Trend, which provides insights into market trends, the Hull MA Sell by Rates Indicator, and the Buy Sell Indicator. The red line strip in the middle of the Super Trend is called the Zoom Line, and at the bottom, we have the Buy Sell Rates Indicator – tools that we will be using to explain our trading setup in further detail.
Trading Set-Up
To use these tools effectively, we need to understand their signals. When the Super Trend changes to a downtrend, the Zoom Line should turn red, and the Buy Sell Rates Indicator should also reflect red. Whenever these conditions are met, we can place a sell order and place our stop loss at the Zoom Line above. In terms of risk to reward ratio, we recommend one is to two. Conversely, when information provided by the Super Trend changes to an uptrend, the Zoom Line should alter to a green color, and the Buy Sell Rates Indicator should turn green. In such instances, we can place a buy order and place the stop loss at the Zoom Line below. Again, our risk to reward ratio should be one is to two.
Avoiding False Signals
While using the Buy Sell Indicator, traders should watch out for false signals occasionally produced in the market. If the Super Trend switches to an uptrend but the Zoom Line is red, or the Buy Sell Rates Indicator is also red, the trader should wait patiently and avoid taking any action. Similarly, if the Super Trend transitions to a downtrend, but the Zoom Line stays green, or the Buy Sell Rates Indicator also shows green, the trader should refrain from taking specific action.
Examples of Trades
Now, let’s get into some examples of trading setups and actions that traders can take in response to them:
A USD example: Assume the Super Trend has changed to an uptrend; the entire Zoom Line is green, and the Buy Sell Rate Indicator is also green. Under such circumstances, traders should place a buy order and put a stop loss at the Zoom Line below. Our recommended risk to reward ratio should be one is to two. If the price hits the target, we can be sure that we have made a profit.
Another Scenario: If the Super Trend switches to a downtrend, the Zoom Line should become red, and the Buy Sell Rates Indicator should reflect red as well. Under these circumstances, traders should place a sell order with their stop loss set to the Zoom Line above. It is essential to note that our recommended risk to reward ratio should be one is to two.
Mastering the Trading Set-Up
To configure our trading set-up, traders need to search for “Hall” in Trading View’s search bar. After selecting the Hull MA Sell by Rates Indicator option, the trader should make some adjustments. For example, they can darken the line, change the period from 42 to 16, and apply an additional indicator. Next, they should search for “Super Trend,” select the Buy and Sell option, and replace ATR Period 25 with one and the ATR Multiplier with 2.7, instead of 10. Lastly, they need to add the “Buy Sell Rates” indicator, and the trading set-up is complete.
Conclusion
We hope that you have enjoyed learning about how to master trading using Super Trend, Hull MA Sell by Rates Indicator, and the Buy Sell Indicator. Remember, trading can be unpredictable, and no strategy is foolproof. Therefore, we recommend a cautious trading approach and adhering to our suggested risk to reward ratio of one is to two. With practice and experience, traders can learn how to use these tools effectively and develop a winning trading strategy. Thank you for reading, and we hope to see you in our next video!