Data Trading
This video introduces two trading strategies: one for scalping and one for trading according to the market trend based on fibonacci and atr. The first strategy requires the white line to cross the yellow line upwards for a buy trade and downwards for a sell trade. The second strategy involves the use of the signal table indicator and black flag indicator to determine the trend, with the white ema line crossing the yellow ema line upwards for a buy trade and downwards for a sell trade. Backtesting is recommended before using these strategies in trades.
Unique Trading Strategies for Scalping and Trend Trading
Introduction
In this video, we will be introducing two unique trading strategies that can be used for scalping and trend trading. The first strategy is based on the SSL channel indicator, while the second one is made using Fibonacci and ATR. These strategies are highly profitable and can be used to make accurate decisions while trading.
Using the SSL Channel Indicator for Scalping
To use the SSL channel indicator, we first set the candlesticks to Heikin Ashi. When the white line crosses the yellow line upwards, it is a buy signal, and when it crosses downwards, it is a sell signal. We can then use this to open a trade and follow the target till the two lines cross again.
Adding Indicators to the SSL Channel Indicator
Next, we add the SSL channel and CCI indicators to our charts. We change the color of the red line in the SSL channel indicator to yellow and increase its thickness. We also change the color of the green line to white and make it bolder. In the CCI indicator, we change the numbers from 20 to 40, set the upper band’s color to red and the lower band’s color to green.
Getting Signals from the Indicators
To get a buy signal, we wait for the white ema line to cut the yellow ema line upwards. If the blue CCI line crosses the horizontal green line downwards, we can make a sell trade. By following the rules, we can filter out fake signals and make our trading decisions based on accurate information.
Using Fibonacci and ATR for Trend Trading
We can also use the signal table indicator, which works using Fibonacci, SMA, EMA, RSI, and ATR. We can turn off the table option, change the lines’ colors, and set the short EMA’s number to 6 and the long EMA to 18. The signal is valid when the white EMA line cuts the yellow EMA line upwards for a buy signal, and downwards for a sell signal.
Adding the Black Flag Indicator
To determine the trend direction, we add the Black Flag indicator to our charts. We uncheck all options except five and set the ATR factor to six. As long as the shadows are green, the trend is upwards, and as long as they are red, the trend is downwards. By following the indicator’s signals, we can make profitable trades based on the market trend.
Conclusion
These trading strategies are highly profitable and accurate, provided we follow the rules strictly. By filtering the fake signals using the indicators, we can improve our trading success rate significantly. Before using these strategies, backtesting is essential to ensure their effectiveness in different market conditions. It is recommended to subscribe and turn on notifications for the channel to get updated about the latest trading strategies.
