Power of Trading
Learn a profitable trading strategy using the Trend Magic, CM Slingshot System and CM MACD Custom indicators on TradingView for GBP/JPY pair. Filter out fake signals and enter trades based on the indicators’ signals. Use the green and red zones in the CM Slingshot System to confirm uptrend and downtrend movements respectively before entering trades. Apply the same logic to the CM MACD Custom indicator by looking for the green or red dots along with the color of the first and second indicators. The strategy can be used on all time frames and is proven to be effective in catching big market movements.
A Profitable and Simple Trading Strategy: A Step-by-Step Guide
Introduction: Don’t Underestimate the Power of Simplicity
Selecting the Right Pair and Time Frame
Applying Indicators: Trend Magic
Trading with Trend Magic: The Two Conditions
Examples of Profitable Trades with Trend Magic
Filtering Fake Signals: Adding CM Slingshot System
Using Zone Lines and Arrows with CM Slingshot System
Adding the Third Indicator: CM MACD Custom Indicator
Testing the Strategy on EUR/USD Chart with 30-Minute Time Frame
Conclusion: Mastering a Simple yet Effective Trading Strategy
Introduction: Don’t Underestimate the Power of Simplicity
In the world of trading, there are countless strategies and techniques to choose from. While some may be complex and require extensive knowledge and experience, others can be simple yet very profitable. In today’s video, we will be discussing one such strategy – a simple and effective method that can help you make profitable trades with ease.
Selecting the Right Pair and Time Frame
Before we begin with the strategy, it’s important to choose the right pair and time frame. For the purpose of this strategy, we will be using the GBP/JPY pair on the 5-minute time frame. However, it’s essential to note that this method can be applied to all time frames and currency pairs.
Applying Indicators: Trend Magic
In total, three free indicators will be used in this strategy. The first one we will apply is the Trend Magic indicator. This indicator, created by Kivancho’s Biljic, has clear and simple buy and sell signals that we will use in our trades.
Trading with Trend Magic: The Two Conditions
To make successful trades with Trend Magic, we only need to consider two conditions. First, a bullish or long signal must appear. Second, candlesticks simultaneously form with a green line. When these conditions are met, we can enter the trade where the trigger candlestick is closed and make a profit.
Examples of Profitable Trades with Trend Magic
Trend Magic is a simple and precise indicator, as demonstrated in these examples on different time frames. However, in ranging markets, we may encounter fake signals. These can be eliminated by adding the CM Slingshot System indicator, which will act as our filter.
Filtering Fake Signals: Adding CM Slingshot System
The CM Slingshot System indicator contains high and low signal lines that can filter out fake signals. By setting it up correctly, we can identify whether we are in an uptrend or downtrend and execute only valid trades.
Using Zone Lines and Arrows with CM Slingshot System
We use Zone lines and arrows to determine whether we should execute a buy or sell trade. When the market is above the green zone line and a green arrow appears, we enter a buy trade. Alternatively, when the market is below the red zone line and a red arrow appears, we enter a sell trade.
Adding the Third Indicator: CM MACD Custom Indicator
To further refine our trades, we add the CM MACD Custom indicator. This indicator provides additional signals to clarify which trades will be profitable. By combining these three indicators, we can make accurate trades and maximize our profits.
Testing the Strategy on EUR/USD Chart with 30-Minute Time Frame
Finally, we test our strategy on the EUR/USD chart with the 30-minute time frame and see how much profit we can make. By following the guidelines and using the indicators together, we can achieve excellent results in our trades.
Conclusion: Mastering a Simple yet Effective Trading Strategy
In conclusion, this trading strategy may be simple, but it is powerful. By mastering this method and combining the three indicators, you can trade with confidence and make profitable trades without confusion. Remember to follow the guidelines as we have outlined, and most importantly, practice and analyze your trades to continuously improve.
