Many traders, especially neiophites just look for high win-rate strategies. What is the reality of a high win rate? Close targets. Check out this system if that is what you value.
Time Frame: 4 Hour (H4)
Indicators
Heikin Ashi Candles
Settings: Default
By: TradingView Built-In
Link: https://www.tradingview.com/support/...6-heikin-ashi/
Exponential Moving Average (EMA)
Settings: 200 Period
By: TradingView Built-In
ATR Bands
Link: https://www.tradingview.com/script/uTetNB3s-ATR-Bands/
Settings: ATR Multiplier Upper - 5, ATR Multiplier Lower - 5
By: AlexanderTeaH
Money Flow Index
Link: https://www.tradingview.com/support/...oney-flow-mfi/
Settings: Default
By: TradingView - Built-In
Long Entry
Price above the 200 EMA
MFI in over sold territory
Enter when first green Heikin Ashi candle prints
Short Entry
Price below the 200 EMA
MFI in over bought territory
Enter when first red Heikin Ashi candle prints
R:R
0.25:1
Where to place stop-loss
For Long’s:
5 times the ATR (at the ATR Band) below the entry candle.
For Short:
For Long’s: 5 times the ATR (at the ATR Band) above the entry candle.
Long Example:
Short Example:
Video:
Time Frame: 4 Hour (H4)
Indicators
Heikin Ashi Candles
Settings: Default
By: TradingView Built-In
Link: https://www.tradingview.com/support/...6-heikin-ashi/
Exponential Moving Average (EMA)
Settings: 200 Period
By: TradingView Built-In
ATR Bands
Link: https://www.tradingview.com/script/uTetNB3s-ATR-Bands/
Settings: ATR Multiplier Upper - 5, ATR Multiplier Lower - 5
By: AlexanderTeaH
Money Flow Index
Link: https://www.tradingview.com/support/...oney-flow-mfi/
Settings: Default
By: TradingView - Built-In
Long Entry
Price above the 200 EMA
MFI in over sold territory
Enter when first green Heikin Ashi candle prints
Short Entry
Price below the 200 EMA
MFI in over bought territory
Enter when first red Heikin Ashi candle prints
R:R
0.25:1
Where to place stop-loss
For Long’s:
5 times the ATR (at the ATR Band) below the entry candle.
For Short:
For Long’s: 5 times the ATR (at the ATR Band) above the entry candle.
Long Example:
Short Example:
Video:
Inserted Video