Learn a beginner-friendly trading strategy with the RSI cross indicator and data analytics indicator on Trading View. Works for Forex, cryptocurrency, and stocks with high liquidity. Produces high-quality signals on shorter time frames. No complicated rules, no need for premium indicators. Place sell orders when conditions are met such as the data analytics indicator giving a sell signal and the RSI cross with alerts being red below the zero line. Place buy orders when the data analytics indicator gives a buy signal and the RSI cross with alerts is green above the zero line. Stop losses should be placed at the high or low of the previous market and the risk-to-reward ratio is 1 to 1.5.
Secret Indicator Strategies: A Simple Trading System for Beginners and Advanced Traders
Introduction: A Profitable Indicator Strategy for All Markets
In this article, we will be discussing a profitable and easy-to-use trading system that works for forex, cryptocurrency, stocks, and any other market with high liquidity. This particular system uses a combination of two indicators, the Cross SMA Data Crypto Analytics and the RSI Cross with Alert Indicator.
Trading Tools: Understanding the Buy and Sell Arrow Indicator
To set up this trading system, you will need to use two indicators. The first one is the Data Analytics Indicator, which is a Buy and Sell Arrow Indicator that helps traders to determine the market trends. The other indicator is the RSI Cross with Alert Indicator, which uses RSI (Relative Strength Index) to help traders identify overbought or oversold conditions in the market.
Trading Setup: Cross SMA Data Crypto Analytics and RSI Cross with Alert Indicator
Once you have both indicators, you can start setting up your trading system. First, we recommend using a five-minute chart to get the most accurate results. Secondly, you will want to look for the Cross SMA Data Crypto Analytics Indicator in the search box of trading view. Once found, you will need to change the plot cell option from black to blue and the plot by option from black to yellow.
After that, you will need to apply the RSI Cross with Alert Indicator to the chart. You can find it in the search box of Trading View by searching for RSI cross with alert by Lonesome. Once found, you will need to change the plot blue option from a line to a histogram and increase the color opacity. You will also need to change the ma1 option from 34 to 30 and the ma2 option from 68 to 70.
Trading Strategy: Trading Sell and Buy Signals
To trade, you need to wait for the buy and sell signals to appear. When the Data Analytics Indicator gives you a sell signal, the Cross SMA Data Crypto Analytics should cross signal, and the RSI Cross with Alert Indicator should turn red below the zero line. You will also want to make sure the market forms a bearish candle to confirm the trend. If all conditions are met, you can place a sell order, placing your stop loss at the high of the previous market.
For a buy signal, you will want to wait for the Data Analytics Indicator to give you a buy signal, the Cross SMA Data Crypto Analytics to cross signal, and the RSI Cross with Alert Indicator should turn green above the zero line. You will also want to make sure the market forms a bullish candle to confirm the trend. If all conditions are met, you can place a buy order, placing your stop loss at the low of the previous market.
Trading Results: Examples of Profitable Trades
To show you how this trading system works, we will walk you through some examples of profitable trades. In one example, the Data Analytics Indicator gave us a sell signal, with the Cross SMA Data Crypto Analytics crossing signal and the RSI Cross with Alert Indicator turning red below the zero line. The market then formed a bearish candle to confirm the trend, and we placed a sell order, with our stop loss at the high of the previous market. The risk to reward ratio was 1 to 1.5, and we won the trade.
Conclusion: Become a Pro Trader with Secret Indicator Strategies
In conclusion, the Cross SMA Data Crypto Analytics and RSI Cross with Alert Indicator system is an effective way to trade in all markets. It is easy to set up and can produce many high-quality signals per day. It is perfect for beginners and advanced traders alike, and the best part is that you don’t need any premium or paid indicators to use it. So, if you want to become a pro trader as fast as possible, be sure to subscribe to Secret Indicator Strategies and start using this system today!