https://traderslanding.net
In this video, I use 2 SuperTrends on different timeframes. This allows traders to identify the higher timeframe trend and execute a scalp on the lower timeframe when specific criteria are met. Multi-timeframe analysis is key for successful trading, and this is a very simple way to implement that concept into a trading system.
In addition to reviewing the indicators, providing exact entry rules, defining the take profit and stop loss levels, testing it for 100 consecutive setups, reviewing the results, discussing the equity curve, and scoring the system on a scale of 1 to 10, I also share my 6 optimization tips that you can try in your own trading system development. Do not neglect back and forward testing, that is critical.
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⏱️ Timestamps ⏱️
00:00 - Start
00:37 - Indicators
01:24 - Long Examples
03:17 - Short Examples
04:51 - Results, Equity Curve, Score
06:26 - Optimization
⚙️ System Specifics ⚙️
📛 System Name: Voluble Scalp
🏆 Trader’s Landing Score:
🎹 Instrument: 8
⌛ Time Frame: 5-Minute (M5)
👀 TradingView Indicators
Name: SuperTrend STRATEGY
Inputs: Default
Timeframe: Current
Style: Default
By: TradingView Built-In
Link: https://www.tradingview.com/script/P5Gu6F8k/
Name: SuperTrend STRATEGY
Inputs: Default
Timeframe: Current
Style: Default
By: TradingView Built-In
Link: https://www.tradingview.com/script/P5Gu6F8k/
Name: Stochastic RSI
Inputs: Default
Style: Default
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000502333-stochastic-rsi-stoch-rsi/
☝️ Long Entry
1. H1 SuperTrend Bullish Trend.
2. Hidden bullish divergence on the Stochastic RSI.
3. M5 SuperTrend Buy Signal.
👇 Short Entry
1. H1 SuperTrend Bearish Trend.
2. Hidden bearish divergence on the Stochastic RSI.
3. M5 SuperTrend Sell Signal.
🔥 Risk to Reward: 1:2
🛑 Where to place stop-loss: SuperTrend Line.
For Longs: Supertrend line.
For Shorts: Su
🚀 Where to take profits: Move stop to breakeven at 1:1, target is 1:2.
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⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.
Attribution
Licensed under creative commons license:
Funny Fails Compilation video 2020😂😁😂.
https://youtu.be/KlzTrrxP_E8
Clip description: Kick light
Metatags
#StrategyReview #TradingSystem #Scalping
Forexforex tradingforex trading strategies
