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Most Profitable 5 Minute Scalping Tradingview Indicator | Become a Profitable Trader
This simple but profitable scalping strategy can be used by anyone from beginner to advanced in order find become a profitable trader. Today we are test a Squeeze momentum strategy that I code so we can test 100 times or more.
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The Squeeze momentum trading strategy works by using price action indicators to give entry and exit signals. When the lines in the chart cross, traders enter the trade. Hopefully, they will enter a nice price trend. As soon as the lines meet again, traders exit the trade. Then, they wait for the signals to reverse. This will help them get out of the trade when the market moves in the opposite direction. The strategy has proven effective for traders who have been successful with technical analysis.
The most popular combination of price action indicators with Squeeze momentum Some strategies recommend a momentum indicator. However, the two approaches have different merits and may not be right for everyone. Each one requires a different trading system and approach. It is important to test the two techniques thoroughly and make the right choice for your trading style. Here are some tips to use the SSL with price action indicators: Its downside is that it can lead traders down blind alleys. The main advantage is that it can pick up changes in direction, but they don't develop into trends.
🟢 Long :
Price above the T3 and the Channel is GREEN.
Green BIG dot on Squeeze momentum
Above the 300 T3 EMA
♦️ Short :
Price above the T3 and the Channel is RED.
RED BIG dot on Squeeze momentum
Above the 300 T3 EMA
⚡SL : Placed at 0.9%
💰 Take Profit 0.9%
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Timestamps:
00:00 Intro (very important)
02:05 The Winning Trading Strategy
07:00 The Coded Trading Strategy
19:00 Let's Test 100 times
10:00 Scalping Trading My Thoughts
10:30 Conclusion
#trading #strategies #winrate #scalping
DISCLAIMER (read it please): Leverage trading is ONLY for EXPERIENCED TRADERS. If you Trade with a BOT from 3Commas on Bybit it does NOT mean you have no risk. You can still lose money if the Bot suddenly gets unprofitable.
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This video was inspired by @TheTradingParrot
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