Learn a profitable scalping strategy which generated over 800% profit on Bitcoin in just a week with a high win ratio. This strategy uses three free indicators and a volume tool, and works well in small time frames like 1, 5, and 15 minutes. The strategy includes buying in a confirmed uptrend and selling in a confirmed downtrend, and requires checking the volume to confirm momentum before entering trades. The video includes a full tutorial on how to set up the indicators and execute the strategy.

Scalping Strategy Tutorial: Generate over 800% Profit in Just a Week Trading Bitcoin

Scalping strategy, as the name implies, refers to a quick trading style that is aimed at generating quick profits from short-term price movements. In this tutorial, we aim to introduce a scalping strategy that has generated over 800% profit in just a week. It is tested on the Bitcoin one-minute timeframe with a win rate of close to 100%. The strategy is easy to understand, and it works well in small timeframes like the one-minute, five-minute, and 15-minute timeframes. In this article, we will provide a full tutorial on how to build this amazing indicator setup and how to enter trades using this strategy.

What are the Magic Indicators Used in this Strategy?

The scalping strategy includes four trading view indicators, including a volume tool. Three of these indicators are used to generate buy and sell signals and filter trends, while one of them functions as a volume confirmation tool.

The Buy and Sell Script: The first indicator that we will be using is the Buy and Sell Script, which is based on the Vu Mod2 indicator. Its goal is to find the most accurate trading signals based on the price momentum.

Exponential Moving Average (200): An exponential moving average is a type of moving average that places greater weight and significance on the most recent data points. It is used as a baseline to filter the trend. If the price is positioned above the line, buying signals are your best bet. If the price is closed below the moving average, you’re only going to be looking for sell opportunities.

Laguerre RSI: This is a modified version of the well-known Relative Strength Index (RSI) created by John Fellers. It reduces noise and minimizes lag resulting in a more responsive and fewer whip saws. The main idea behind this strategy is to buy in a confirmed uptrend. However, to make sure that we’re not buying at the top, we use the Laguerre RSI indicator.

Volume Confirmation Tool: We will also use a volume confirmation tool to confirm momentum before entering a trade. The rules for a buy trade are:

1. A buy signal must be displayed on the chart.
2. Wait for the candlestick to close; otherwise, the signal is not confirmed.
3. At the time the signal is issued, the price bar must be fully above the EMA.
4. The Laguerre RSI must be oversold.
5. Once all of these conditions are met, you can check the current volume. It must be bullish and also needs to be greater than the most recent bearish volume.

The rules for a sell trade are:

1. A sell signal must be printed on our chart.
2. The price bar must be fully below the exponential moving average.
3. The Laguerre RSI must be in the overbought area.
4. Check our volume. The bar must be red which indicates that there is selling pressure, and it also needs to be greater than the most recent bullish bar.

How to Build the Scalping Strategy Indicator Setup

1. Log into tradingview.com and open your chart.
2. Head over to the indicator search tab and type in Vuma to swing free.
3. Select this indicator that was created by jazal access the indicator settings and change the swing multiplier to 1.5.
4. Open the style section and uncheck everything except the buy and sell labels.
5. Add the Exponential Moving Average, set its length to 200, and change the color to white.
6. Add the Laguerre RSI and pick the one created by Kevanchos Building.
7. For this indicator, open its settings and in the style section, change the colors for these pawns.
8. Lastly, open the indicators tab one more time and search for the volume.
9. Select the volume tool created by trading view.

The setup is now ready, and you can start trading using this scalping strategy.

Conclusion

Scalping strategy is a quick trading style that aims to generate quick profits from short-term price movements. This tutorial has introduced a scalping strategy that has generated over 800% profit in just a week. It is tested on the Bitcoin one-minute timeframe with a win rate of close to 100%. The strategy works well in small timeframes, and it is easy to understand. The scalping strategy includes four trading view indicators, including a volume tool. Three of these indicators are used to generate buy and sell signals and filter trends, while one of them functions as a volume confirmation tool. By following the rules, Traders can execute trades safely, and it is set for success.

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