Discover a profitable trading strategy on Trading View with the CM slingshot system and the custom indicator, called macdvxi, customized to fast and slow lengths of 17 and 34. The usage is easy, set the lines to green and make sure the custom macd is in the green zone before setting a Buy trade. Place the stop loss at the swing low price and take a profit two times above it for a winning trade.
Discovering a Trading Strategy with CM Slingshot System and Macdvxi Indicator
If you’re intrigued by the idea of earning a lot of money in a short amount of time, this trading strategy using the CM Slingshot System and Macdvxi Indicator might just be the one for you. By following these simple steps, you can increase your chances of winning trades.
Step 1: Open Trading View and Indicators Tab
Firstly, you will need to open your Trading View account and navigate to the Indicators tab. This is where you will access the tools needed to execute this trading strategy.
Step 2: Type CM Slingshot System and Identify Custom Indicator
To begin the process, type CM Slingshot System into the search bar. Next, you will need to identify the custom indicator required for this strategy, which is called Macdvxi.
Step 3: Customizing the Indicators
Once you have found both indicators, open the Macdvxi indicator and adjust the settings according to the following advice. The fast length should be changed to 17, and the slow length to 34.
Step 4: Ensuring Green Lines and Macd
To execute the strategy, it is crucial to ensure that the lines displayed are green. If they are not, step away and wait for a more suitable opportunity. Additionally, it is important to check whether the custom Macd indicator is within the green zone.
Step 5: Enter a Buy Trade
After ensuring the above is checked and satisfactory, it is time to enter the trade. Be sure to set the stop loss at the swing-low price to mitigate any potential losses. Finally, ensure your take-profit level is set two times higher than your stop loss price, and voila. This will be your winning trade!
Why This Trading Strategy Works?
The CM Slingshot System and Macdvxi Indicator are both crucial parts of this strategy, as it is the combination of the two that increases the likelihood of winning trades. The Macdvxi Indicator is a custom system that is tailored to this particular strategy by using specific parameters, such as changing the fast length to 17 and the slow length to 34. This indicator, along with the CM Slingshot System, can help ensure that traders execute successful trades. By ensuring the lines are green and the Macd indicator is in the green zone, the trader is almost guaranteed a winning trade, making it worthwhile in terms of both time and profit.
Final Thoughts
Overall, this strategy is simple but effective, and can help traders maximize their profits in a quick and efficient manner. It is important to research and understand the strategy fully before getting started, as well as staying up-to-date with the markets at all times. By following these steps, traders can potentially create a lucrative income and increase their financial freedom.