Traders found a unique AI-based indicator with a high success rate for bearish and bullish engulfing patterns. Combining it with fluid trades SMC can improve accuracy, but confirmations are needed. Risk management and patience are crucial for success, and Trader Edge offers a backtesting app and courses.

Trading with AI Engulfing Candle: A Unique and Highly Accurate Trading Indicator

Introduction
– Success of previous AI-based trading indicators
– New AI indicator with highest success ratio
– Quick and easy process to add to chart

What is AI Engulfing Candle?
– Identifies bearish and bullish engulfing price patterns
– Engulfing bar – easiest chart pattern to identify
– Most reliable and easy to identify
– Two types of engulfing price bars: bullish and bearish

Why is AI Engulfing Candle Special?
– Experiment with regular engulfing Candlestick indicator
– Regular indicator detects every single pattern, leading to confusion and false entries
– AI-based indicator is more accurate and doesn’t give signals in a ranging Market
– Signals filtered by the relative strength index for even more accuracy
– Learns from previous performance to improve signals

Adding Confirmations
– Fluid trades SMC indicator for support and resistance levels
– Plots key levels and shows areas of supply and demand
– Wait for price to be rejected by level of support before buying
– Stop loss placed below support area, target two times the risk

Examples
– Illustrated buy and sell trades
– Follow the rules for accurate entries and exits
– Remember to not risk more than five percent of your account per position
– Be patient and don’t exit trades too early

Importance of Risk Management
– Even with accurate entry signals, poor risk management leads to loss
– Let strategy do its job and be patient
– Trader Edge for efficient back testing and skill development

Conclusion
– AI Engulfing Candle – unique and highly accurate trading indicator
– Easy to add to chart and follow rules for accurate trades
– Always prioritize risk management for long-term success