Fx Vishu
The video explains a profitable trading strategy using specific indicators like the RSI Buy Sell Signals, Crossover Plus MA, and Sell by Rates. The video provides step-by-step instructions on how to optimize the indicators for the strategy and how to use them for different trades. The strategy can be used in any market, but it requires skill, discipline, and focus. The risk-to-reward ratio is 1 to 1.5. The video shows examples of successful and unsuccessful trades using this strategy.
Simple and Profitable Trading Strategy Explained Step by Step
Introduction
Trading in financial markets can be an overwhelming experience, especially for beginners. However, with the right approach and strategy, anyone can become a successful trader. In today’s video, we will be sharing a simple and profitable trading strategy that you can start using right away. By mastering this strategy, you won’t need any other strategies. We will go through everything step by step and teach you each and every detail, so be sure to watch the whole video.
Understanding the Trading Indicator
The trading strategy we will be discussing today is widely used by traders in many different financial markets, including stocks, currencies, commodities, and futures. The popularity of the Buy Sell Rates indicator can be attributed to its potential to generate profits quickly and its ability to trade in both up and down markets. However, the SSL Crossover indicator also requires a high level of skill, discipline, and focus to use effectively.
To start using this strategy, you first need to understand the trading indicator. We will demonstrate this using the Trading View chart. The first step is to click on the “ADD Indicator” button on Trading View. Then, you need to type in the name of the Envelope RSI Buy Sell Signals indicator and add it to the chart.
Next, you will need to change the settings of the indicator to optimize it for the strategy. This involves unchecking some options and replacing the Envelope Length and RSI Length with 8 instead of 10. After that, you need to apply another indicator to the chart. Find the name Crossover Plus MA Choice, and add it to the chart.
Now, you need to change the settings of the indicator by unchecking the Arrow option. Finally, you need to apply another indicator to the chart. Find the name Sell By Rates, and add it to the chart. Change the settings of this indicator by replacing the Envelope Length with 34 instead of 28.
Using the Trading Tool – Step by Step
Now that the trading tool is ready for trading, let’s look at how we use it. We will take you through the steps needed to place a buy or sell order using this strategy.
– The RSI Buy Sell Signals indicator has given a Buy signal.
– The Crossover Plus MA Choice indicator of Baseline should be green color.
– The Sell By Rates indicator of Histogram should be above the Baseline.
– When this condition is met, place a Buy order.
– The stop loss should be placed at the RSI By Sell Signals indicator of low level.
– The risk to reward ratio should be 1 to 1.5.
Once you have placed a buy order, wait for the market to hit your target. Now, let’s look at how to place a sell order.
– The RSI Buy Sell Signals indicator has given a Sell signal.
– The Crossover Plus MA Choice indicator of Baseline should be red color.
– The Sell By Rates indicator of Histogram should be below the Baseline.
– When this condition is met, place a Sell order.
– The stop loss should be placed at the RSI By Sell Signals indicator of high level.
– The risk to reward ratio should be 1 to 1.5.
Just like with the buy order, wait for the market to hit your target. If you follow these steps correctly, you can easily boost your account.
Examples of Trades Using the Strategy
To help you understand the strategy better, let’s look at some examples of trades that have used this approach.
– The RSI Buy Sell Signals indicator has given a Sell signal.
– The Crossover Plus MA Choice indicator of Baseline is red color.
– The Sell By Rates indicator of Histogram is below the Baseline.
– Place a Sell order.
– The stop loss should be placed at the RSI By Sell Signals indicator of high level.
– The risk to reward ratio should be 1 to 1.5.
– The market has hit our target.
In another example:
– The RSI Buy Sell Signals indicator has given a Sell signal.
– The Crossover Plus MA Choice indicator of Baseline is red color.
– The Sell By Rates indicator of Histogram is below the Baseline.
– Place a Sell order.
– The stop loss should be placed at the RSI By Sell Signals indicator of high level.
– The risk to reward ratio should be 1 to 1.5.
– The market has hit our target.
We hope that these examples have helped you understand this strategy better.
Conclusion
In conclusion, trading in financial markets can be a daunting task, especially for beginners. However, with the right approach and strategy, anyone can become a successful trader. By mastering the simple and profitable strategy we have discussed today, you can start trading with confidence and achieve success in the markets. Remember to subscribe to our channel for more informative content like this.
