TradingLab
Learn how to make a 1200% profit on a single trade using a simple moving average strategy. Add indicators, change settings, and buy and sell based on the 55 line crossing. Higher time frames are more reliable.
How to Make 1200% on a Single Trade with a Simple Moving Average Strategy
Introduction
Trading is an excellent way to make money, but it can be a risky venture if you do not have an effective strategy. One strategy that has proven to be successful is the Simple Moving Average Strategy. In this article, we will be discussing how you can make 1200% on one single trade using this strategy.
Step 1: Get on Tradingview or Your Chart Platform of Choice
To begin, you need to have access to a chart platform. A popular one is Tradingview. Once you have access to a chart platform or Tradingview, type in three moving averages, and click the one by AdventTrading. Afterward, you want an exponential moving average (EMA), so type in EMA and click the one on the platform.
Step 2: Change the Settings
Now that you have the indicators added to your chart, it’s time to change the settings. Click on the settings of the triple moving average and adjust the length to 13, 21, and 55 respectively. The next step is to change the color of each line to make it easier to read.
Then, go to the settings of the exponential moving average and adjust the length to 8 with a blue color. Once this is done, you should have four lines on your chart with different colors.
Step 3: Simple trading strategy
The strategy is simple. You will have four lines on your chart, the 8, 13, 21, and 55. Your goal is to buy when the 55 (red line) crosses to the bottom, as shown in the chart. When you buy, hold until the 55 line crosses all the way to the top, as shown in the chart example.
It is essential to note that if the 55 line crosses only one line, you should not sell. You only sell when the 55 line is all the way at the top. This simple trading strategy can work for any time frame, but like most trading strategies, it is more reliable in higher time frames.
Step 4: How I Made 1200% on One Single Trade
Now that you understand the Simple Moving Average Strategy, it’s time to talk about how you can make 1200% on a single trade using this strategy.
To give you a practical example, let’s say that you have $1,000 and want to invest in a cryptocurrency or stock. Based on your analysis, you see that there is an upward trend, and you decide to buy. You get in when the 55 line crosses to the bottom, as shown on the chart.
After some time, the price of the asset increases, and the 55 line crosses all the way to the top. This means it’s time to sell, and you make a profit. In this example, let’s assume that you made a 12% profit, totaling $1,120.
You take this profit and reinvest it in another asset, repeating the process. You can see how your earnings can compound over time, leading to a substantial return.
Conclusion
In conclusion, the Simple Moving Average Strategy is an effective way to make money on the market. By following the strategy outlined in this article, you can make a 1200% profit on a single trade. Trading is not without risk, so it’s essential to practice good risk management and always do your research. Good luck in your trading journey.
