An AI-based trading view indicator is presented with an 81% win ratio and generated $1600 in profit in four weeks. The strategy is simple and suitable for beginners, and backtesting can be done manually or with the Trader Reg app. The AI engulfing candle indicator is used with the Fluid Trace SMC indicator to filter out signals in a ranging market. The rules for buy and sell trades are straightforward, and the strategy works on various time frames and markets. The video provides many examples, and the use of a volume indicator can improve the tactics.

The AI Trading View Indicator That Will Blow Your Mind

Introduction

Are you struggling with finding a profitable trading strategy that doesn’t have a bunch of complicated rules to follow? Look no further than this amazing new AI-based trading view indicator. In just four weeks, it has generated over $1,600 in profit with a win ratio of 81%. Plus, it is 100% free and suitable for both beginners and experts. In this article, we’ll show you how to use this indicator to streamline your trading strategy.

Why Backtesting is Important

Before jumping into any trading strategy, it’s essential to backtest it. If you value your time, we recommend using the Trader Edge back testing app. It’s easy to use and comes with a free course and bonuses worth $470. Plus, there’s a free trial available, so you can see for yourself how valuable it is.

Installing The AI Engulfing Candle Indicator

To start using the AI Engulfing Candle Indicator, click on the Indicators menu and search for it. Once installed on your chart, it will display bullish and bearish engulfing price bars that will indicate when to buy and sell. These signals are filtered by the relative strength index, which eliminates fake signals in ranging markets.

Adding The Fluid Trace SMC Indicator

To further refine your trades, you can add the Fluid Trace SMC indicator, which finds supply and demand areas in the market. These areas tell you at what prices the majority of buy and sell orders are sitting. When price reaches these levels, there’s a high probability of a reversal happening. By combining this indicator with the AI Engulfing Candle Indicator, you can get the best possible trade entries.

Entry Conditions

For Buy trades, wait for the price to retest the level of demand, and the AI Engulfing Candle Indicator should give you a Buy signal. Place a buy order at the close of the price bar and set the stop loss slightly below the level of demand. Do not set any profit targets, simply wait for the price to move in your favor.

For Sell trades, wait for price to retest the level of supply, and the AI Engulfing Candle Indicator should give you a Sell signal. Enter a short trade only when you have these conditions in place. Apply the same money management rules as for long trades.

Money Management Rules

To allow yourself to win big by risking small, use the following money management rules: your risk per trade should be 2% of your account. When the position reaches a profit of 2%, adjust the stop loss to the entry price. When the position reaches a profit of 4%, adjust the stop loss to protect 2% of that profit. Keep doing that until your stop loss is triggered.

Examples

We provide several examples of trades using this strategy to help you fully understand how it works. Plus, we offer tips for improving the strategy, including adding a volume indicator. Check out other videos on our channel for more high win ratio strategies.

Conclusion

With this incredible AI-based trading view indicator, you can make profitable trades without complicated rules or wasting time on backtesting manually. Use the Trader Edge app for efficient backtesting, and combine the AI Engulfing Candle Indicator with the Fluid Trace SMC indicator for the best possible trade entries. Apply the money management rules and take advantage of high win ratios for long and short trades on various assets. Good luck and happy trading!