Hello! Here is a strategy I've been using for close to a month. Please use at your own discretion and help with feedback.
I believe keeping your trading simple is one of the best things you can do to secure profit. Over analyzing, over fitting, and over thinking can create an whirlwind of confusion and clutter on your charts that will ultimately lose you money, and deter you from being the profitable trader I know you can be. So, with that I present to you one of the most seamless strategies you could sue to start becoming profitable today.
Setup:
1M Candles
Highly Volatile Assets
1) The leading indicator we use is Heikin Ashi Candles. Heikin-Ashi represents the average pace of prices. This creates a really good indication of when price is starting to trend.
2) The second indicator we use is the good ol' reliable, 200 EMA. Tried and True indicator that reliably lets so you detect what's going on in the market at all times.
3) The third entry conditions is where you have to pay a little attention.
When a HA candle touches the 200 EMA, we consider this the first touch. After the first touch, we wait for 3 consecutive strong candles moving in the same direction.(If the first touch is a strong candle you could count this) A strong bullish candle is a HA candle that displays no wick to its down side. A strong bearish candle is a HA candle that displays no wick to its up side. This bigger the candle the stronger it is, but this is a bit nit picky...for the most part you're just looking for consecutive shadowless candles.
If there's a break; meaning a different type of candle disrupted the 3 consecutive strong candles, then you wait for a touch of the 200 EMA again.
Exit Strategy: Exit on HA Color Bar Change or Set TP.
I believe keeping your trading simple is one of the best things you can do to secure profit. Over analyzing, over fitting, and over thinking can create an whirlwind of confusion and clutter on your charts that will ultimately lose you money, and deter you from being the profitable trader I know you can be. So, with that I present to you one of the most seamless strategies you could sue to start becoming profitable today.
Setup:
1M Candles
Highly Volatile Assets
1) The leading indicator we use is Heikin Ashi Candles. Heikin-Ashi represents the average pace of prices. This creates a really good indication of when price is starting to trend.
2) The second indicator we use is the good ol' reliable, 200 EMA. Tried and True indicator that reliably lets so you detect what's going on in the market at all times.
3) The third entry conditions is where you have to pay a little attention.
When a HA candle touches the 200 EMA, we consider this the first touch. After the first touch, we wait for 3 consecutive strong candles moving in the same direction.(If the first touch is a strong candle you could count this) A strong bullish candle is a HA candle that displays no wick to its down side. A strong bearish candle is a HA candle that displays no wick to its up side. This bigger the candle the stronger it is, but this is a bit nit picky...for the most part you're just looking for consecutive shadowless candles.
If there's a break; meaning a different type of candle disrupted the 3 consecutive strong candles, then you wait for a touch of the 200 EMA again.
Exit Strategy: Exit on HA Color Bar Change or Set TP.
