Back with another sick strategy! Try back testing this bad boy! I have high hopes for this.
Indicators:
Price Action - https://in.tradingview.com/script/2Zg5oABG/ - In my decade of trading this is the best indicator I've come across. It's amazing. We'll just be using the orange bars. (only orange bars)
RSI Divergence Scanner - https://www.tradingview.com/script/6DYxwhtZ-RSI-Divergence-Scanner-by-zdmre/ - Amazing scanner that doesn't repaint
Bollinger Bands - Default
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WHO IS THIS STRATEGY FOR?
Do you like to scalp? Do you like to just follow simple entry conditions and leave the over-thinking at the door?
Timeframe: 5M, 15M, 30M - 15m is optimal
PAIR: NAS100 CFD's
TIME: Market Open
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STRATEGY:
**Both indicators change bar color, you need to turn one off to see the other ones color**
Buys:
1) We set an alert on the RSI Scanner on the 15M time frame.
2) Ding! We got BUY alert from the Scanner. Okay, now it's time to hide the Scanner indicator so we can see the color bar change from the Price Action indicator. We're waiting for the bars to change to Orange.
3) They're orange! Sick, once the bar prints orange, it's time time to take a long position.
4) If you're a scalper like me, you can exit pretty quickly.. as soon as you secure a few pips. I usually exit if the NEXT candle I entered on is in profit. 15M in NAS100 is a lifetime and can really rack up a lot of profit/drawdown.
I'm not hear to old your hand, find your own exit!
___________________________________________________________________________________________________________________________________
That's it! It's really simple but very accurate. I'll be entering next the market open with this strategy tomorrow posting all my trades! Please discuss and share with us your results!
Indicators:
Price Action - https://in.tradingview.com/script/2Zg5oABG/ - In my decade of trading this is the best indicator I've come across. It's amazing. We'll just be using the orange bars. (only orange bars)
RSI Divergence Scanner - https://www.tradingview.com/script/6DYxwhtZ-RSI-Divergence-Scanner-by-zdmre/ - Amazing scanner that doesn't repaint
Bollinger Bands - Default
___________________________________________________________________________________________________________________________________
WHO IS THIS STRATEGY FOR?
Do you like to scalp? Do you like to just follow simple entry conditions and leave the over-thinking at the door?
Timeframe: 5M, 15M, 30M - 15m is optimal
PAIR: NAS100 CFD's
TIME: Market Open
____________________________________________________________________________________________________________________________
STRATEGY:
**Both indicators change bar color, you need to turn one off to see the other ones color**
Buys:
1) We set an alert on the RSI Scanner on the 15M time frame.
2) Ding! We got BUY alert from the Scanner. Okay, now it's time to hide the Scanner indicator so we can see the color bar change from the Price Action indicator. We're waiting for the bars to change to Orange.
3) They're orange! Sick, once the bar prints orange, it's time time to take a long position.
4) If you're a scalper like me, you can exit pretty quickly.. as soon as you secure a few pips. I usually exit if the NEXT candle I entered on is in profit. 15M in NAS100 is a lifetime and can really rack up a lot of profit/drawdown.
I'm not hear to old your hand, find your own exit!
___________________________________________________________________________________________________________________________________
That's it! It's really simple but very accurate. I'll be entering next the market open with this strategy tomorrow posting all my trades! Please discuss and share with us your results!
