This is without a doubt the most advanced all-in-one technical analysis indicator on the trading view platform it has everything supply and demand dozens of confirmation indicators EMAs and various smooth filters I guarantee you you have never seen anything like this before in this detailed tutorial IWill teach you how to use this indicator as well as give you a full trading strategy with it that will make you highly profitable it is important to note that this technical analysis tool can be used for trading volatile cryptocurrencies stocks Futures and Forex pairs the most suitable time frames forThis indicator are 5 and 15 minutes 1 hour and 4 hours Traders if you're frustrated by losing streaks and wish you had the guidance of a professional I found a solution for you easy options live trading forget about uncertainty and blown up accounts from now on you have the opportunity to follow theStrategies of a professional options Trader who gets a consistent 80% plus win rate his signals are highly accurate and the process is very simple all you need to do is attend daily live streams during Market open and enter and exit trades along with Winger in real time inAddition you'll learn High win rate strategies that have been proven to work click the first link in the description and secure your spot today to install this indicator on your chart log into your trading view account and open any Market currently I am viewing the ethereum price chart on the 15-minuteTime frame open the indicators and search for DIY custom strategy Builder V1 select this one by Zaya let's thank the creator of this fantastic script this is how the indicator looks in default settings it displays buy and sell signals on the chart with supply and demand zones and MarketSessions having sessions on your chart is extremely beneficial as you can instantly see during which session the market is active the most candle coloring also contributes to a significant role in indicating the Market's momentum and Trend green candles indicate bullish momentum red candles signal bearish momentum gray bars are displayed when the marketConsolidates if a Buy Signal appears under a green bar the chances of it being profitable are much higher the opposite is true for a sell signal before using this indicator I suggest accessing the chart settings and hiding the candle body and wix this way the candle colors will beEasier to read in the indicator inputs you can customize the accuracy of buy and sell signals with more than 40 indicators available you can select any combination you prefer and the indicator will generate buy and sell signals accordingly this is an alternative to the timeconsuming process of manually confirming signals from multipleIndicators this Tool simplifies The process by automatically printing buy and sell signals based on your chosen combination of first and second confirmation indicators no more staring at a screen for hours simply set up alerts and let the indicator do the work for you depending on the market you trade youCan select different indicator combinations DIY custom strategy Builder even has an option to set a signal expiry candle count by default this number is set to three this means that if the leading indicator generates a signal it will wait for maximum three more handles for the rest of theConfirmation indicators to catch up if they do not respond in time the signal will not be printed in the next block you have an option to choose which indicator will be your main confirmation these are the most popular buy and sell indicators on trading view from this point forward you do not needTo install two or more indicators on your chart or purchase a premium trading view plan all the tools you need are in one place for the cryptocurrency market I like to use adx as a main conf information it works very well for long trades just take a look at the accuracyOf these buy signals the indicator can also be used as part of a Buy and Hold strategy the Creator regularly updates the indicator to maintain consistent accuracy it can also be used in any time frame from intraday to long-term trading to customize the secondary confirmation indicator all you need toDo is go to inputs and enable any indicator you see in this window here you can enable different EMA filters range filters super Trend vwap stochastic and more now you can build hundreds of different trading setups in seconds all you have to do is choose the first and the secondary confirmationIndicators let me show you another effective combination that works for day trading ethereum Bitcoin and salana the first step is to enable BX trender as your main confirmation scroll down and select the range filter and the W atar explosion as signal filters you can customize the length of the indicators to furtherImprove signal accuracy for Simplicity sake let's keep them default you can also turn on overlay indicators such as fair value gaps liquidity zones and more for this setup we'll enable supply and demand liquidity zones and candle coloring if all the indicators align correctly a buy or sell signal will beGenerated remember to check the candle color before initiating a trade it is also helpful to consider supply and demand as final trade confirmation to maximize your odds avoid opening a long trade near the supply Zone and a short trade near the demand Zone let's look at some trade examplesWith this trading setup we'll start with a long trade to confirm a long signal issued by the indicator the candle bar must be green indicating bullish pressure however if the candle bar is gray you can still open a long trade as long as the price action indicates aPotential bullish Trend it is crucial to check price action before opening a position notice how the price bounced off this demand level quite a few times every time it did so the price increased buying near the demand zone is a very good idea as long as theIndicator confirms a long trade with a Buy Signal hence all sell signals near the support level get canceled due to the massive amount of pending buy orders in this area for this type of strategy you can set the stop loss at the recent swing low a manual take-profit TargetShould be no less than 1.5 times the risk adjust the stop loss to break even once the price reaches a one toone risk reward this way you'll increase your strategy's win rate even more for short trades wait for the price to retest the supply level first if the market shows weaknessBreaking through this level wait for the indicator to produce a cell signal then once a cell signal is issued check the bar color it should be read apply the same money management rules as for long trades set the profit Target at a minimum of 1.5 times the risk adjust theStop loss to break even once the price reaches a one: one risk reward Let Me Now quickly show you how to create alerts for this strategy first click on the alerts button at the top for the condition enable the DIY custom strategy Builder indicator you can create alerts for buy or sellSignals select the alert once per closed bar set the expiration date if needed once you're finished click create Traders if you have any interesting ideas or indicators please write them down in the comments be sure to back test this or any other trading strategy you find on trade IQ thanks forWatching watching till next time
I just found a trading strategy that gives insane results on Bitcoin in some time frames the win rate gets as high as 92 percent which is something I've never seen before this strategy finds optimal trade entries it takes into account Market volume overbought and oversold conditions and more I coded it usingChachi pt4 and called it Chachi PT algo Pro for Bitcoin I made the script private so no one else can see it but me however I will share its link once this video gets 1K likes so drop that like button and subscribe to the channel if you haven't already also guys make sureYou watch the video all the way till the end because I'm going to show you exactly how I build this strategy and what entry conditions are used alright without wasting any time let's get straight into it okay we're currently looking at the price of Bitcoin on theOne minute time frame let's build our strategy step by step so first click on the indicators Tab and search for three indicators the SSL Channel the moving average exponential and the ATR now open the settings of the EMA and change the length to 100. all right now let me quickly explain howThese indicators work so the SSL channel is a very simple two-line cross Trend following indicator the indicator issues a signal to buy when the green plot crosses the red plot to the upside the opposite is true for a sell signal so when the red plot crosses the green plotTo the upside this is a signal to sell the SSL channel is going to be the first confirmation indicator in that strategy this means that if the rest of the conditions are not met at a time the cross happens this signal becomes invalid the second indicator we have onOur chart is the exponential moving average the stall is often used for Trend confirmations and for finding support and resistance in price in most cases traders buy when the price is above the EMA and sell when the price is below the EMA this way they make sure that they go with the prevailingSentiment other Traders may use EMA for finding support and resistance this approach is also very popular in our strategy we're going to use the EMA as a magnet you see when the price over extends and moves far away from the moving average this often signals overboard a river sword marketConditions which causes a price decline to the moving average this approach means that we should do the exact opposite of what everyone else is doing based on this the strategy will go long when the SSL Channel gives a bullish signal and the price is below the EMAAnd will go short when the SSL Channel gives a sell signal and the price is above the EMA so now once we've determined our conditions let's go ahead and ask chatgpt to code this strategy for us first ask it to create a trading strategy in pi script using 100 EMA andSSL channel the next step is to outline the rules for entering long and short trades so as we already know for a long trade the price needs to be closed below the 100 EMA the second condition is to have a bullish cross on the SSL Channel a bullish cross happens when a greenPlot crosses above the red plot in the settings of the SSL Channel we can see that these plots do not have specific names so in order to find the names of the plots we need to open the source code so right at the bottom of the script weCan see that SSL down is the name of the line that is red color and SSL up is the name of the line that is lime color once we know the names of these plots we can describe a bullish cross let's also outline the rules for taking short positions finally let's describe ourMoney management rules for this strategy we will use a simple one to two risk reward ratio the distance between the entry price and the stop loss will be set at two values of the ATR for take profit we will use four ATR values lastly copy the source code of the SSLChannel indicator and paste it into your message this is very important because chat chipity doesn't quite know what SSL Channel indicator is foreign Foreign now simply copy this code given by Chachi BT and paste it into Pine editor if there are any errors that occur simply copy the message and paste it into chatgpt apparently chatgpt missed specifying the variable type so let's address this issue and hopefully it will fix it Okay we finally got a new script let's paste it into Point editor and see if it works Okay looks like we have another error but this one is very easy to fix you see sometimes chatgpt marks a strategy as a study in order to fix this issue simply change the word of study to a strategy alright so we added the strategy to the chart and here are the back testingResults we can see that even with these two simple rules in place the strategy gets 49 win rate this is definitely really promising however we can still improve it so in order to get rid of all these fake signals we will use a volume filter this indicator is called a heatMap volume volume is very important because it shows how active the market participants are if we access the heat map volume settings we can see that the medium and high volumes are highlighted in yellow and orange our goal is to eliminate any signals that occur whenThe volume is extra high low or normal if at the time of the entry the bar is yellow or orange we're good to go so in order to implement this condition into our strategy we need to first open the heat map volume source code and copy the calculations of the indicator foreignTy to add a volume filter to our strategy now once we've added the strategy to the charts we can go to the settings and change some parameters and there we go we just build our strategy so on a one minute chart the strategy is one ratio is 77.7836 total trades were found on a three minute chart the strategy has a 75 win rate which is also really high for such risk reward ratio also pretty good results on the five minute chart as you can see it works super well on Lower time frames on bitcoin however I wouldNot recommend using the strategy on time frames between one hour to four hours you can still use it on a daily chart I think it works perfectly fine if you're not happy with the results you can adjust the settings and find the ones that work for you for example let'sChange the volume ma length to 800. right away we can see that the wind ratio has improved to 89 on the five minute time frame on a three minutes chart the win ratio is now 100 which is absolutely insane all right so once again I published theStrategy privately as soon as this video gets 1000 likes I will leave a link to it in the comments down below all you need to do is to add it to your favorites and then you'll be able to use it thanks for watching and see you in the next one
I spent many hours asking Jack GPT to combine different indicators into one fully automated trading strategy a strategy that would be highly profitable and suitable for both day trading and scalping and here we go I finally received that secret code I paste it into Pine editor and was surprised atHow well this strategy actually worked we'll get to the back testing results a bit later for now let me show you what indicators are used for the strategy and how the algorithm finds buy and sell signals so first of all let's open the tradingview.com and navigate to the indicator section this strategy includesFour free indicators the first one is called a range filter buy and sell five minutes it was created by Duke Roth this indicator is a technical analysis tool used to identify potential entry and exit points for trades based on price range fluctuations within a specific time frame the basic idea behind theRange filter buy and sell indicator is to determine the high and low price levels over a predefined period usually the recent fast the indicator then calculates a specified percentage of the price range forming an upper and lower range boundary the range filter will be the first confirmation indicatorBasically a strategy will be built around this tool before we move on I just want to show you what settings are used for this indicator so in the input section I change the multiplier from three to one this change will affect the quantity of these buy and sell signalsFor the second indicator I used the relative strength index I set the RSI length to 5 and the upper and lower bands to 55 and 45. this wider indicator reacts way quicker to price changes for the third tool I applied the exponential moving average with a length set to 50.This is a simple yet very effective Trend filter that can eliminate many potential losing trades lastly to manage stop losses and take profit targets I added the ATR indicator to the strategy the average true range is a technical analysis tool used to measure Market volatility it calculates the average ofThree ranges over a specified period typically 14 days a higher ATR value indicates higher volatility City while a lower value signals lower volatility for the stop loss I used two ATR values the risk reward ratio for the strategy is one to two Okay now you know what indicators make up the strategy let'sUnderstand the entry conditions for buy and sell trades so a long position is opened when a Buy Signal is printed on a chart in addition the RSI must be either sold and the price must be closed above the 50 EMA at a time the signal is issued conversely a short trade is validWhen a sell signal appears on the chart which is confirmed by the RSI and EMA the trade is opened at the close of the price bar if the conditions are met the distance between the entry price and the stop loss is calculated by multiplying the current ATR value by two for exampleThe current ATR value is roughly 105. so the stop loss will be set at a distance of 210 Pips The Profit Target is set at two times the risk exactly the same money management rules apply for short trades okay now we know how these indicators produce buy and sell signalsSo I gave these details to chatgibility and within seconds it coded me a full strategy I published it with open source so that the script is available for everyone in order to add it to your chart open the indicators menu and search for chat GPT algo by the wayDon't forget to follow me on tradingview as well this way you won't miss my future scripts okay so to make the chart a bit cleaner i hidden the relative strength index the indicator is embedded in the code the only thing you can see is the moving average and buy and sellSignals so to start our back testing Less open Bitcoin on higher time frames let's start with two hours time frame So out of nine closed trays the strategies one ratio turned out to be 88.89 obviously nine trades isn't enough to judge strategy's performance so do expect the one ratio to drop as the quantity of Trades increases okay let's open the four hours chart here we see the strategies when ratio isClose to 67 notice that the quantity of Trades is higher so yeah pretty good definitely some positive numbers to be seen on the five minute chart the strategy gave 80 win ratio which is really good by the way the trays were found in a span of five daysOn the 30 minutes time frame the strategy also showed a great results the equity curve is increasing and the drawdown is minimum we had 11 closed trades which were found in a span of one month overall pretty good performance on the price of Bitcoin however I do notRecommend to use this strategy on the time frame lower than 5 minutes this is due to high level of volatility and manipulations by the way here are the strategy settings you can tweak them to find the best ones that work for you okay now let's see if the strategy WorksIn ethereum as well so we're currently on a one minute chart as we can see the performance is much better than on a Bitcoin on the five minutes chart this strategy found only four trades within five days on the 30 minutes chart it works muchBetter 16 trades were found in a span of one month the win ratio is quite decent also keep in mind that this is two to one brisk reward okay let's move on to the next time frame so clearly not the best performance on the one hour chartOn the two hours chart the performances I will say below average alright now let's try this strategy on test lab As you can see the performance is not ideal okay now let's test the strategy on some random Forex pair we see the numbers are quite inconsistent so yeah in conclusion I would say the strategy works very well on crypto definitely don't recommend it for trading stocks in Forex markets IMean it works pretty well on some pairs but again this strategy was specifically designed for trading cryptocurrencies as I said you can adjust the settings and find the ones that work for you okay now let me show you how you can turn this strategy into a trading bot this meansThat every time the strategy finds buy or sell entry it will automatically open a long or short position in your trading account so first of all you want to open the strategy test app the next step is to click on the alerts button then youWant to get rid of the message that you can see down here instead of the old message we will add a new one that will connect your strategy and your broker account so first of all go to website called a trade adapter this website will serve as a bridge then open theInstructions here we find instructions for different Brokers for example purposes I'm going to use the binance demo account so we see the first step is to go to testnet by financefuture.com the second step is to find your API key and API secret so once you log intoTestnet binance scroll down and here you will find your API key these are the two keys you're going to need okay now go back to trade adapter and scroll down to the step number six what you want to do is to copy this message and paste it into the alert messageThe next step is to input our keys so first of all we need to input our trade adapter key you can find it in your account profile Okay the next step is to paste our binance API key And finally the binance API Secret Okay once the message is done go to Notifications here you need to paste your webhook url the link that you're looking for is this one right here once you're done with the settings click create and there we go we just created our trading bot okay Traders I hope youFound this video useful if you want to see more strategies for crypto check out this playlist right here
In my previous video I asked cha GPT to give me a simple trading strategy to turn 100 into ten thousand dollars as quickly as possible a lot of you guys have showed a massive interest in that video so I decided to make part two thisTime I will ask Jack GPT to create an advanced trading strategy with the same goal to grow a small trading account fast the indicators I'm going to be using for this strategy are the money flow index a 100 period SMA and a Candlestick pattern I will also test theStrategy 100 times and show the results at the end of the video for my back testing I will use the trader reg app this is currently the best back tester on the market it is very simple to use and it gives you all the information youNeed about your strategy I will leave a link to it in the description below okay let's get back to chat GPT honestly the response was better than I expected however there are still some changes that need to be made to the strategy so as I mentioned the strategy consists ofThree indicators let's add them to the Chart so for the first indicator let's add the money flow index there are many options out there I personally recommend this one by dreams find before I explain how this tool Works let's change the colors of the line so that we can seeThem more clearly for that we need to open the style and change the plot from black to white in addition let's make the backgrounds a bit more visible the money flow index is a technical indicator that measures the buying and selling pressure in a particular security or Market over a specific timePeriod it is based on both price and the volume data and it's used to identify overboard or oversold conditions in a security the money flow index oscillates between 0 and 100 with a reading above 80 indicating an overbought condition and a reading below 20 indicating an oversold condition the next indicatorI'm going to add is a smoothed moving average the length will be set to 100. unlike the simple moving average which gives equal weight to each price point in the time series The smoothed moving average assigns greater way to the most recent price points in the series thisMeans that the smooth moving average reacts more slowly to sudden price changes resulting in a smoother less erratic line on a chart this indicator can be used in various ways for example it can help identify the Marcus Trend when the price is moving above the SMA and the line is sloping upwards theTrend is bullish exactly the opposite is true when the trend is bearish another way of using SMA is to identify support and resistance levels when price for example approaches the SMA the line can be a strong reversal point this way Traders have a chance to enter theMarket at a discounted price I find the success rate of the strategy to be very high especially when combined with other indicators okay so let's add the last piece of our strategy the engulfing candle indicator an engulfing candle is a type of pattern used in technical analysis to indicate a potential TrendReversal so in financial markets it occurs when a small Candlestick is completely engulfed by the next larger Candlestick there are two types of engulfing patterns bullish and bearish a bullish engulfing happens when a small red candle is followed by a larger green Candlestick that completely engulfs the previous candle this pattern indicatesThat the Bulls have taken control of the market and that the price is likely to rise a bearish engulfing occurs when a small green candle is followed by a larger red Candlestick that completely engulfs the previous candle this pattern suggests that bears have taken control of the market and that the price isLikely to fall every time the indicator spots bullish and bearish engulfing patterns it prints green and red triangles so what are the rules for the strategies suggested by chat gbt and how can we improve it Well Chad GPT says that we should first identify the trendThe trend is bullish if the price closes above the SMA during a bullish Trend only long positions can be taken the next step is to look for Candlestick buttons to enter the market in our case that pattern is a engulfing candle lastly to confirm a long entry the moneyFlow index must be above 50 indicating positive sentiment I had a quick look at some signals given by this strategy but unfortunately a lot of them could have resorted in loss to fix this we need to completely change the entry conditions first of all we're not going to be usingThe money flow index in such a basic way we need a more advanced approach which is based on overboard and oversold conditions in addition we'll use the SMA not just to spot the trend but to find support and resistance as well so the rules for a long trade would be asFollows first the market must be in an uptrend second the price must retrace to the SMA during such a retracement the candle bar must not close below the line third the money flow index must become oversold this is confirmed by a green circle that appears on the indicator finally a bullish engulfing candlebarMust be formed on a chart by the time the money flow index leaves the Red Zone if the white line exits the oversold Zone before such a candle was formed the signal becomes invalid open a long trade at the close of the Prime bar if the conditions are met place the stop lossBelow the swing low and Target two times the risk once you've made half the profit move the stop loss to the break-even price foreign here is another example watch how the price finds support at the 100 SMA the selling pressure decreases as the candlesticks approach the line at theTime of the retracement the money flow index became oversold then the indicator spotted a bullish engulfing pattern Foreign how to take a short position first identify if the current trend is bearish for that the price needs to close below the SMA second wait for the price retracement to the moving average during the pullback the money flow index must become overbought then a bearish engulfing Candlestick must be formed doNot enter the trade if such a candle was formed after the money flow index left the oversold Zone enter a short trade only if all the conditions are met place the stop loss above the swing high and Target two times the risk the stop loss should be adjusted to break even onceHalf the profit has been made Okay Traders I believe you have a full understanding of the strategy let's proceed to the back testing results so I tested this strategy on different Forex pairs on a one minute time frame and the results were insane the initial account was set at 100 and I was risking fivePercent of the account portrayed in order to profit 10. as a result of 100 trades the strategy made thirteen thousand five hundred and fifty one point six percent profit by the way the fees are also included the setups were found in a span of three months theStrategies win ratio is 75 which is really high for a risk reward of one to two the maximum drawdown does not exceed at 12 in general this strategy is very profitable you should however keep in mind that five percent risk per trade is higher than usual normally it's notAdvised to risk more than two percent of the account balance per position but as the initial goal was to grow a small account quickly this risk per trade could be appropriate although the strategy has produced these crazy results in the back testing it is highly advisable to test it on a demo accountMonth before trading live so you give the strategy a try I hope it will make you a ton of money by the way if you want to learn more high wind rate strategies check out this playlist right here