Trading Depth
The video shares a profitable trading strategy using the donkey and ichimoku hybrid indicator, with a one-to-two risk-to-reward ratio. The counter-histogram indicator helps find trends for entry and exit points. The presenter also showcases successful trades using this method.
A Profitable and Easy Scalping Strategy
If you are a beginner in trading, one of the most daunting things is finding a profitable and easy scalping strategy to implement. The good news is that today, you are in luck!
In this video, I will share with you the most useful and reliable trading strategy that I have used with a high win rate. You don’t need fancy tools or complicated indicators to make money in the financial markets. All you need is a simple trading plan with the right tools at your disposal.
In this article, we will explore the key elements that comprise this scalping strategy and how you can use it to enhance your trading results.
The Donkey and Ichimoku Hybrid Indicator
One of the most famous indicators in the financial markets is the Ichimoku. It is a powerful tool that helps traders identify the trend as well as support and resistance levels.
However, we will be using a modified form of the Ichimoku known as the Donkey and Ichimoku Hybrid Indicator. This tool combines the features of the Ichimoku and a custom indicator known as the Donkey. It creates a zone that traders can use to determine the market bias.
Identifying the Counter-Histogram Indicator
Once you have the Donkey and Ichimoku Hybrid Indicator plotted on your chart, the next critical step is to identify where the Counter-Histogram Indicator is. This tool is located at the bottom of your chart and is a trend-following indicator.
The Counter-Histogram creates a green zone area when the counter-histogram indicator should be green bar. It indicates that the bulls are in control, and the market is trending higher.
Similarly, when the indicator creates the red zone area, it indicates the bears are in control, and the market is trending lower.
Placing Buy and Sell Orders
Now that you have identified the trend using the Donkey and Ichimoku Hybrid Indicator, and the Counter-Histogram Indicator, you can place your trades.
If the Counter-Histogram Indicator creates the green zone area, you will place a buy order. Ensure that your stop loss is placed at the Donkey and Ichimoku Hybrid of lower line. To manage your risk, ensure that the risk to reward ratio is at least one is to two.
On the other hand, when the Counter-Histogram Indicator creates the red zone area, you will place a sell order. Place your stop loss at the Donkey and Ichimoku Hybrid of upper line. The risk to reward ratio should also be at least 1:2.
A Winning Trade
Let’s take a look at a hypothetical trade that used this scalping strategy. If you found a green zone area, you would have placed a buy order. Let’s assume that this trade was a profitable one, and you won.
When using the Donkey and Ichimoku Hybrid Indicator and the Counter-Histogram Indicator, you can place successful trades that have a high win rate, as long as you follow the plan and manage your risk effectively.
Conclusion
In this article, we have explored a simple and profitable scalping strategy that anyone can use in the financial markets. By using the Donkey and Ichimoku Hybrid Indicator and the Counter-Histogram Indicator, you can identify profitable trading opportunities and manage risk effectively.
Remember, trading is a journey, and you will encounter losses along the way. However, with the right strategy, risk management, and discipline, you can achieve consistent profits in the long run.
