Tools(Indicators) used:
Supertrend Indicator from KivancOzbilgic no changes.
EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used).
Set Length on second EMA at 50 change color to Yellow
CHART 5 MINS and UP but under 1H.
Preferred instrument is
XAUUSD
Strategy:-
We enter a trade upon confirmation of the following conditions.
1. When the supertrend suggests a buy. We confirm entry only when the blue line crosses the yellow from below.
If both the conditions are true we place a buy order taking the previous lowest point as stop loss and profit at 1:1
2. When the Supertrend suggests a sell. We confirm entry only when the blue line crosses the yellow line from above.
If both the conditions are true we place a sell order taking the previous highest point as stop loss and profit at 1:1.
This is the strategy that I am using and I have been able to close 90% trades in profit.
The strategy holds good almost every currency pairs and major cryptos. But I have not tried it on stocks. So reviews and suggestions are welcome to improve the strategy
Please Like and Comment....
Disclaimer: The views expressed are for educational purpose only and do not constitute to trading advice. Please do your own research before acting on the views expressed herein.
Supertrend Indicator from KivancOzbilgic no changes.
EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used).
Set Length on second EMA at 50 change color to Yellow
CHART 5 MINS and UP but under 1H.
Preferred instrument is
XAUUSD
Strategy:-
We enter a trade upon confirmation of the following conditions.
1. When the supertrend suggests a buy. We confirm entry only when the blue line crosses the yellow from below.
If both the conditions are true we place a buy order taking the previous lowest point as stop loss and profit at 1:1
2. When the Supertrend suggests a sell. We confirm entry only when the blue line crosses the yellow line from above.
If both the conditions are true we place a sell order taking the previous highest point as stop loss and profit at 1:1.
This is the strategy that I am using and I have been able to close 90% trades in profit.
The strategy holds good almost every currency pairs and major cryptos. But I have not tried it on stocks. So reviews and suggestions are welcome to improve the strategy
Please Like and Comment....
Disclaimer: The views expressed are for educational purpose only and do not constitute to trading advice. Please do your own research before acting on the views expressed herein.