Stock Accurate
This video shares a 15-minute scalping strategy that uses the Wave Trend 3D and third wave indicators to make profitable trades in stocks, commodities, and Forex. The strategy can generate profits of $684 per week and involves setting up the indicators with specific settings to identify buying and selling signals. The video shows examples of trades using the strategy with a recommended risk to reward ratio of 1:1.5. Viewers are encouraged to subscribe to the channel for more trading strategies.
15-Minute Scalping Strategy for Trading Stocks, Commodities, and Forex Markets
Introduction
In this article, we will introduce you to a 15-minute scalping strategy using the wave Trend 3D and third wave indicators. By following this strategy, it is possible for traders to make $684 per week in profits. This strategy is perfect for those looking for a quick and easy way to make money trading stocks, commodities, or the forex market.
Trading Tools
To implement this strategy, traders need to use the green and red arrow indicators on the chart. The red arrow is known as the third wave indicator, while the blue option is called the wave Trend 3D indicator. These two indicators are crucial for identifying profitable trades.
Trading Setup
To initiate the trading setup, traders must first search for the third wave indicator in the trading view. Next, they should click on the third wave by Lonesome blue option and adjust the zigzag period option from 8 to 10. After that, another indicator, the wave Trend 3D, is applied by searching for it in the trading view. Once found, traders should click on the wave Trend 3D by G40 option and adjust the look-back option from 20 to 25, the quadratic mean option from 50 to 55, the fast length option from 0.75 to 1, and the smoothing option from 0.45 to 0.5.
trading strategy
To initiate a Buy signal, traders must wait for the third wave and wave Trend 3D histogram to be green, with the wave Trend 3D histogram above the zero level, and the market forming a bullish candle. They should then place a Buy order with stop-loss placed at the low of the previous market. The risk-to-reward ratio should be 1:1.5.
To initiate a Sell signal, traders must wait for the third wave and wave Trend 3D histogram to be red, with the wave Trend 3D histogram below the zero level, and the market forming a bearish candle. They should then place a Sell order with stop-loss placed at the high of the previous market. The risk-to-reward ratio should be 1:1.5.
Examples
To illustrate this strategy, let us look at some trades. The Buy signal is initiated when the third wave and wave Trend 3D histogram are green and above the zero level, respectively. A bullish candle also appears, indicating the fulfillment of all the conditions. The trader then places a Buy order, with stop loss set at the low of the previous market. The risk-to-reward ratio is 1:1.5.
Similarly, the Sell signal is initiated when the third wave and wave Trend 3D histogram are red and below the zero level, respectively. A bearish candle appears, indicating all the conditions are met, and the trader places a Sell order, with stop loss set at the high of the previous market. The risk-to-reward ratio is 1:1.5.
Conclusion
Trading with the wave Trend 3D and third wave indicator can be highly profitable with the right trading strategy. By following this simple 15-minute scalping strategy, traders can earn quick profits. However, traders must exercise caution and set up the appropriate risk to reward ratio to minimize losses. Visit our YouTube channel for more trading strategies and insights.
