The Simplest And Most Accurate Buy Sell Strategy On Tradingview

Summary

This video introduces an accurate buy-sell strategy on TradingView using the Optimized Trend Tracker Oscillator and SuperTrend indicators. It explains how to set up these indicators on the GBP-JPY one-hour chart, emphasizing their combined use for confirming trend shifts and identifying entry points. The presenter also recommends Hankotrade for its low spreads and leverage, offering a 100% deposit bonus. The strategy is not foolproof, but it serves as an example of using indicators to enhance an existing trading strategy.

Takeaways

• 📈 The video introduces an accurate buy-sell strategy using two free indicators on TradingView.
• 🌐 The core indicator is the Optimized Trend Tracker Oscillator by Kivan, which can be applied to any trading security and timeframe.
• 🔍 To add the Optimized Trend Tracker Oscillator, load the one-hour timeframe of GPB-JPY on TradingView and search for the indicator.
• 🛑 The indicator includes a trend cloud that changes between red and green, and labels for buy and sell signals.
• ❌ The video suggests disabling the High and Low Optimized Trend Tracker lines for this strategy.
• 📊 The SuperTrend indicator, also by Kivan, is added for trend identification and is based on the ATR.
• 💼 Hankotrade is recommended as a Forex broker for its low commissions, spreads, high leverage, and deposit bonus.
• 📝 The strategy combines a buy signal from the Optimized Trend Tracker Oscillator with a green SuperTrend cloud for a long position.
• 📉 Conversely, a sell signal with a red SuperTrend cloud indicates a short position.
• 🚫 The strategy is not fool-proof and should be backtested and incorporated into an existing strategy with caution.
• 📚 Learning price action is emphasized as a foundation before integrating indicator strategies.

Q & A

What is the main focus of the video?

The video focuses on showcasing a buy-sell strategy using two free indicators on TradingView, which is applicable to any trading security and timeframe.

What is the core indicator of the strategy discussed in the video?

The core indicator of the strategy is the Optimized Trend Tracker Oscillator, designed by Kivan.

What does the Optimized Trend Tracker Oscillator consist of?

The Optimized Trend Tracker Oscillator consists of a trend cloud that changes color between red and green, and two lines called HOTT (High Optimized Trend Tracker) and LOTT (Low Optimized Trend Tracker).

Why are the HOTT and LOTT lines not needed for this strategy?

For this strategy, the HOTT and LOTT lines are not needed, as the focus is on the trend cloud and the buy/sell labels indicating shifts in trend.

What is the second indicator added to the chart in the strategy?

The second indicator added to the chart is the SuperTrend indicator, which is an ATR-based indicator used for trend identification.

What is the role of the SuperTrend indicator in the strategy?

The SuperTrend indicator is used to confirm the overall trend direction. A green ribbon indicates a bullish trend, while a red ribbon indicates a bearish trend.

How does the strategy define a long position entry?

A long position entry is defined when the bottom indicator prints a buy signal in an area where the SuperTrend indicator is colored green.

What is the recommended stop loss and take profit setting for the trades?

The stop loss should be set at the bottom of the SuperTrend cloud, and the take profit should be set at 1.5 times the risk.

What is Hankotrade and why is it mentioned in the video?

Hankotrade is a Forex broker that the presenter has been using. It is mentioned for its low commissions and spreads, high leverage, and a 100% deposit bonus for first deposits.

How does the presenter suggest incorporating the indicators with a price action strategy?

The presenter suggests using the indicators as confluences to an existing price action strategy, such as confirming entries when both indicators show the same trend direction during a price break and retest.

What advice does the presenter give to beginners regarding indicator strategies?

The presenter advises beginners to first learn price action before looking at indicator strategies, and then use indicators to add extra confluences to their strategy once they have mastered price action.

Outlines

00:00

📈 Introduction to a Profitable Trading Strategy

The speaker introduces a highly accurate buy-sell strategy on TradingView that utilizes two free indicators. The core of the strategy is the Optimized Trend Tracker Oscillator by Kivan, which is a trend indicator with a trend cloud and two lines (HOTT and LOTT) that can be disabled for this strategy. The indicator also provides buy and sell labels to signal trend shifts. The strategy is not limited to any specific trading security or timeframe. The presenter also briefly discusses Hankotrade as a Forex broker with low commissions and spreads, high leverage, and a deposit bonus, encouraging viewers to sign up through the provided link. The second part of the strategy involves adding the SuperTrend indicator, another ATR-based tool for trend identification, which will be combined with the Optimized Trend Tracker Oscillator for trading decisions.

05:08

📉 Execution of the Trading Strategy with Indicators

The presenter explains the practical application of the two indicators in the strategy. For a long trade, a buy signal from the bottom indicator is required when the SuperTrend indicator shows a green trend. The stop loss is set at the bottom of the SuperTrend cloud, and the take profit is set at 1.5 times the risk. This setup confirms the beginning of a short-term bullish momentum and an overall bullish trend, increasing the trade's profitability. Conversely, for a short position, a sell signal is taken when the SuperTrend cloud is red, indicating a bearish trend. The speaker emphasizes that this strategy is not foolproof and should be used as part of a larger, existing strategy, such as a breaks and retest strategy, to increase the probability of profitable trades. The video concludes with advice for beginners to learn price action before incorporating indicator strategies and an invitation for viewers to like and subscribe for more content.

Keywords

💡Buy-Sell Strategies

Buy-sell strategies refer to a set of rules or methodologies used by traders to determine when to enter or exit a trade. In the video, the presenter introduces one of the most accurate buy-sell strategies available on TradingView, which is based on two free indicators. This strategy is integral to the video's theme, as it aims to educate viewers on how to apply these indicators to make informed trading decisions.

💡Optimized Trend Tracker Oscillator

The Optimized Trend Tracker Oscillator is a trend-following indicator designed by Kivan for use on TradingView. It is composed of a trend cloud that changes color between red and green to indicate shifts in trend direction. In the script, this indicator is the core component of the discussed trading strategy, helping to identify short-term trends and providing buy and sell signals.

💡HOTT and LOTT

HOTT (High Optimized Trend Tracker) and LOTT (Low Optimized Trend Tracker) are the two lines that sandwich the trend cloud in the Optimized Trend Tracker Oscillator. They represent high and low trend levels, respectively. However, in the context of the video, these lines are disabled as they are not needed for the strategy being showcased.

💡Forex Broker

A Forex broker is a financial intermediary between a trader and the Forex market. In the video, Hankotrade is mentioned as a broker with low commissions and spreads, offering high leverage and a deposit bonus. The mention of Hankotrade serves to illustrate the importance of choosing a reliable broker when implementing trading strategies.

💡SuperTrend

SuperTrend is a popular ATR-based indicator used for trend identification on TradingView. It includes a trend ribbon that changes color to reflect bullish or bearish trends. In the video, SuperTrend is used in conjunction with the Optimized Trend Tracker Oscillator to confirm buy and sell signals, enhancing the strategy's effectiveness.

💡Confluence

In trading, confluence refers to the simultaneous occurrence of multiple signals or indicators that point towards the same market direction. The video emphasizes the use of the Optimized Trend Tracker Oscillator and SuperTrend as confluences to increase the probability of profitable trades.

💡Stop Loss

A stop loss is an order placed with a broker to sell a security when it reaches a certain price. It is designed to limit an investor's loss on a position. In the video, the presenter explains that the stop loss for a long trade should be set at the bottom of the SuperTrend cloud, which helps manage risk.

💡Take Profit

Take profit is the price at which a trader decides to sell a security to lock in a gain. In the script, the take profit for a trade is suggested to be set at 1.5 times the risk, which is a method to ensure that the potential gain outweighs the potential loss.

💡Breaks and Retest Strategy

The breaks and retest strategy involves taking trades when the price breaks through a key market level and then retests that level. In the video, this strategy is used as an example of how to incorporate the discussed indicators, increasing the likelihood of a profitable trade.

💡Price Action

Price action refers to the movement of a financial instrument's price over time, reflecting the collective sentiment of the market. The video suggests that mastering price action is essential before incorporating indicator strategies, as it forms the basis of a discretionary trading approach.

💡Leverage

Leverage in trading allows a trader to control a larger position than the amount of money they have in their account. Hankotrade offers a maximum leverage of 1 to 500, as mentioned in the video, which can amplify potential profits but also increases risk.

Highlights

Introduction of a highly accurate buy-sell strategy on TradingView using two free indicators.

Core indicator is the Optimized Trend Tracker Oscillator by Kivan, designed for short-term trend identification.

The strategy is not limited to GPB-JPY or the one-hour timeframe, and can be applied to any trading security.

Disabling unnecessary lines in the Optimized Trend Tracker Oscillator for a cleaner chart.

Buy and sell labels indicate shifts in trend, crucial for taking positions in the market.

The strategy's profitability relies on combining the Optimized Trend Tracker Oscillator with another indicator.

Endorsement of Hankotrade as a Forex broker with low commissions, spreads, and high leverage options.

Hankotrade offers a 100% deposit bonus for first-time deposits, enhancing trading capital.

Introduction of the SuperTrend indicator by Kivan, an ATR-based tool for trend identification.

Instructions on how to disable buy and sell labels in the SuperTrend settings for a streamlined strategy.

The simple strategy involves taking long trades when both indicators show bullish signals.

Setting stop loss and take profit based on the SuperTrend cloud for risk management.

Combining the buy signal with a green SuperTrend cloud increases the probability of a profitable trade.

The strategy is not fool-proof and should be backtested with realistic expectations.

Suggestion to incorporate the indicators into an existing price action strategy for increased effectiveness.

Recommendation for beginners to learn price action before integrating indicator strategies.

Encouragement to master price action to enhance trading strategies with additional confluences.

Closing remarks with an invitation to like and subscribe for more trading strategy insights.

Transcripts

In this video, I'm gonna showcase one of the  most accurate buy-sell strategies that you  

can find on TradingView. This strategy  is made up of only two free indicators.  

We're gonna go over the conditions for  taking positions using this strategy.  

If you happen to find value in this video,  remember to leave a like. Let's get into it.

The core indicator of our strategy is  the Optimized Trend Tracker Oscillator,  

designed by Kivan. To add this indicator  to your chart, you wanna go to TradingView,  

and then load the one-hour timeframe  of GPB-JPY, but you're not gonna be  

limited to this. The strategy I'm gonna  showcase here can actually be used on any  

trading security and on any timeframe.  Next, click on Indicators. After that,  

type in Optimized Trend Tracker Oscillator.  And it's gonna be this one, by Keevan.

The Optimized Trend Tracker Oscillator is a trend  indicator that can be used for short-term trend  

identification. As you can see, it's made up  of very few components. We have the trend cloud  

that changes color between red and green.  Now, if you look closely, the trend cloud  

is actually sandwiched between two lines.  If I pull up the settings of this indicator,  

you can see that the red line at the bottom is  called HOTT, which stands for High Optimized  

Trend Tracker. The blue line at the top is the  Low Optimized Trend Tracker, or LOTT. For the  

strategy I'm gonna be showcasing here, we're not  gonna be needing these two lines, so let's disable  

these two options. This indicator also prints  buy and sell labels to indicate shifts in trend  

between bullish and bearish. Whenever it says  sell, the trend shifts to bearish, and the cloud  

changes color to red. These are areas where you  should be looking to take only short positions.  

However, whenever a buy label is printed, the  trend shifts from bearish to bullish, and the  

trend cloud turns to green, indicating areas where  you should only be looking to take long positions.

But, of course, just like any other  indicator, using this indicator all  

by itself is gonna make you lose all your  money. To turn this from a losing strategy  

to a profitable strategy, we're gonna  add one extra indicator to our chart.  

But before we do that, well, let's talk  about the Forex broker called Hankotrade.

Now, I've been using Hankotrade for quite some  time. As you can see here, this is my live account  

on Hankotrade's webtrader platform. The reason why  I think Hankotrade is a great broker is because of  

their low commissions and spreads. On Forex, for  example, the spreads can go as low as 0.0 pips,  

which is actually the lowest spreads can go.  For those of us who love high leverage, well,  

Hankotrade offers a maximum leverage of 1  to 500. And if all of this isn't enough,  

they're also gonna give you a 100% deposit bonus  for all your first deposits of between $100 all  

the way to $25,000. So, if you deposit, say, $500,  well, they're gonna give you a bonus of $500,  

giving you a total of $1000 to trade with. To  access the bonus as well as all the other perks,  

well, sign up to Henkotrade using the link in  the video description. Now, back to the video.

Open the indicator search tab and type in one  of the most popular indicators on TradingView,  

which is called SuperTrend. Let's go with this one  by Kivan. The SuperTrend indicator is one of the  

most popular ATR-based indicators. It's used  for trend identification, and that is exactly  

how we're gonna be using it in our strategy.  It's a bit similar to this indicator because,  

as you can see, it also contains a trend ribbon  and the buy-sell signal labels. A green ribbon  

or a green cloud like this indicates that  the trend is bullish. On the other hand,  

a red ribbon or cloud like this indicates that the  trend is bearish. Click on the SuperTrend settings  

so we can disable the buy and the sell labels  because we're not gonna be using those options.  

After that, click OK. Now, at this point in time,  I know you may be thinking, but how exactly are  

we gonna be using these two indicators to  take our positions? Well, let me show you.

This strategy is actually simple, one of  the simplest strategies I've ever seen,  

because to take a long trade, you just want the  bottom indicator to print a buy signal in an  

area where the supertrend indicator is colored  green. Once you have those two conditions met,  

you take your long position. The stop loss goes  right at the bottom of the supertrend cloud. The  

take profit should be set at 1.5 times the risk,  letting the trade run and it was profitable. The  

logic behind these conditions is this buy signal  confirms the beginning of a short-term bullish  

momentum. At the same time, a green supertrend  cloud indicates that the trend is in an overall  

bullish trend. So combining these two increases  the probability of a trade being profitable.

And of course, to take a short position,  you do the opposite. A sell signal printed  

in an area where the supertrend  cloud is red for a bearish trend.

And of course, this is not a fool-proof strategy,  so you shouldn't go ahead and backtest it with  

the expectation of using it to make millions  of dollars over the next two months. This is  

just a showcase of what indicators you can  use to add as confluences for an existing  

strategy. Maybe you could be having a  breaks and retest strategy where you  

take your entries every time the price  breaks and retests a key market level.

You know, like this was a resistance  level. The price broke above the level  

at this point and then later did a retest. A  way of incorporating these two indicators is  

like this. You just ensure that both of them are  colored green as you can see. The optimized trend  

tracker oscillator was green. The super trend was  also green. And then we have a price action breaks  

and retest happening here. This increases the  probability of this trade turning out profitable.  

If you were to take the trade there, stop loss  under this swing low, and target even a 1 to 3  

for example, well, that trade was profitable. It's  always about taking the indicator strategies and  

incorporating them to your own existing strategy  that is price action based. If you don't have  

a discretionary price action strategy, or maybe  you're just a beginner, well, learn price action  

before you start looking at indicator strategies.  But once you master price action, well, indicators  

are gonna be a great way to add extra confluences  to your strategy. So, that's everything for this  

video. I hope you found some value.  If you did, hit the like button below  

and consider subscribing to stay tuned.  Thanks for watching. See you next time.