A trading strategy with an 89% win rate was tested 200 times. Use two specific indicators on Trading View and follow simple rules.

Testing a Trading Strategy: Support and Resistance Levels

If you’re a trader looking for a reliable strategy to boost your win rate, you might find this trading strategy interesting. The strategy involves using two indicators – support and resistance levels with breaks and Trauma for Trend Regularity Adaptive Moving Average. In this article, we’ll walk you through the steps involved in using the strategy, how to set up the indicators, and how to execute trades. We tested the strategy 200 times and found an 89% win rate, making it a promising approach to trading.

Step 1: Access Trading View and Add Indicators

The first step is to open Trading View, where you can access the indicators. You can find a link in the bio of this video or simply search for Trading View online. Once you’ve accessed the platform, click on the Indicators tab, where you can choose the indicators you want to use.

Step 2: Add Support and Resistance Levels with Breaks

The next step is to add the Support and Resistance Levels with Breaks indicator. Be sure to select the one created by Lux Algo. The default settings for this indicator should suffice, so you don’t need to change anything.

Step 3: Add Trauma for Trend Regularity Adaptive Moving Average

The third step is to add the Trauma for Trend Regularity Adaptive Moving Average. You can find this indicator by searching for it on Trading View. Once you’ve added it, you need to adjust the settings. Change the length to 15, as this seems to work best for this strategy.

Step 4: Understand the Strategy

Now that you have both indicators set up, it’s time to understand how the strategy works. The first indicator, Support and Resistance Levels with Breaks, will plot support and resistance lines automatically. Whenever the price breaks through the resistance line with a certain volume threshold, you’ll get a buy signal. When this happens, you should enter a long position.

Step 5: Execute Trades

The next step is to execute trades using the strategy. Once you receive a buy signal, wait for confirmation that the price is actually increasing. You can do this by looking at the chart and seeing if the price is moving upwards. Once you’re confident that the price is on the rise, you can go ahead and enter the long position.

Step 6: Exit Position When Trauma Decreases

The final step is to exit your position at the right time. As soon as you enter your buy position, keep an eye on the Trauma for Trend Regularity Adaptive Moving Average indicator. You should exit your position when the red line on the Trauma indicator starts decreasing in value. This is a sign that the trend is starting to weaken, and the price will soon start to drop.

Conclusion

This trading strategy is a promising approach for traders looking to increase their win rate. By using the Support and Resistance Levels with Breaks and Trauma for Trend Regularity Adaptive Moving Average indicators on Trading View, traders can execute profitable trades. The process is simple and involves waiting for buy signals, checking for price confirmation, and exiting the position when the Trauma indicator shows a decrease. We tested the strategy 200 times and found an 89% win rate, so it’s definitely worth adding to your trading arsenal.