TransparentTrader wrote: Tue Jul 04, 2023 12:13 am What are the 3 indicators in this picture and their settings?

EDIT: This is what happens when you write on forums before you've had your first cup of coffee for the day. Didn't even read the two posts before it. Ignore my mistake.

No worries.

and continues

Can you make a scalping trading strategy with 3 indicators for five minutes chart and show to me how to trade that?

Certainly! Here's an example of a scalping trading strategy for a five-minute chart using three commonly used indicators: Moving Average (MA), Relative Strength Index (RSI), and Stochastic Oscillator.

Indicators:

10-period Exponential Moving Average (10 EMA)
20-period Simple Moving Average (20 SMA)
RSI (14-period) and Stochastic Oscillator (5,3,3)
Trading Strategy:

Entry Criteria:

Wait for the price to cross above the 10 EMA and the 20 SMA, indicating a potential uptrend.
Ensure that the RSI is above 50 and the Stochastic Oscillator is in the overbought region (above 80), indicating bullish momentum.
Exit Criteria:

Exit the trade when the price touches or crosses below the 10 EMA or the 20 SMA.
Alternatively, set a fixed target and stop-loss level based on your risk tolerance or use a trailing stop to lock in profits as the trade moves in your favor.
Risk Management:

Determine a suitable risk-to-reward ratio for your trades. For example, you may decide to aim for a 1:2 risk-to-reward ratio, where your target is twice the size of your stop-loss level.
Set a predetermined stop-loss level below the recent swing low to limit potential losses.
Trading Example:

Identify an uptrend when the price crosses above both the 10 EMA and the 20 SMA.
Confirm bullish momentum with the RSI above 50 and the Stochastic Oscillator in the overbought region.
Enter a long trade at the current market price.
Set a target that is twice the size of your predetermined stop-loss level or use a trailing stop to lock in profits.
If the price touches or crosses below the 10 EMA or the 20 SMA, exit the trade.
Repeat the process for new potential trade setups.

Can you make a momentum trading strategy with 3 indicators for five minutes chart and show to me how to trade that?


Certainly! Here's an example of a momentum trading strategy for a five-minute chart using three commonly used indicators: Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Average True Range (ATR).

Indicators:

MACD (12, 26, 9)
RSI (14-period)
ATR (14-period)
Trading Strategy:

Entry Criteria:

Identify a strong momentum move in the market by observing a sharp price rise or fall.
Confirm the momentum move by checking that the MACD histogram is showing a strong bullish or bearish signal.
Ensure that the RSI is in the overbought region (above 70) for bearish trades or oversold region (below 30) for bullish trades.
Check the ATR to ensure that the volatility is sufficient for the trade.
Entry Point:

For a bullish trade, enter the market when the price retraces or pulls back slightly within the established uptrend. Look for a bullish candlestick pattern or a bounce off a support level.
For a bearish trade, enter the market when the price retraces or pulls back slightly within the established downtrend. Look for a bearish candlestick pattern or a rejection from a resistance level.
Exit Criteria:

Exit the trade when the MACD histogram starts to reverse or shows signs of weakness.
Alternatively, set a predetermined target based on your risk-to-reward ratio or use a trailing stop to lock in profits as the trade moves in your favor.
Place a stop-loss order below the recent swing low for bullish trades or above the recent swing high for bearish trades to manage risk.
Risk Management:

Determine a suitable risk-to-reward ratio for your trades. For example, you may decide to aim for a 1:2 risk-to-reward ratio, where your target is twice the size of your stop-loss level.
Set a predetermined stop-loss level to limit potential losses.
Trading Example:

Identify a strong momentum move in the market, such as a sharp price rise.
Confirm the momentum move with the MACD histogram showing a strong bullish signal.
Check that the RSI is in the overbought region.
Ensure the ATR confirms sufficient volatility for the trade.
Enter a long trade when the price retraces or pulls back slightly within the established uptrend.
Set a target based on your risk-to-reward ratio or use a trailing stop to manage profits.
If the MACD histogram starts to reverse or weakens, exit the trade.
Repeat the process for new potential trade setups.

Can you make a trend trading strategy with 3 indicators for five minutes chart and show to me how to trade that?

Certainly! Here's an example of a trend trading strategy for a five-minute chart using three commonly used indicators: Moving Average (MA), Average Directional Index (ADX), and Parabolic SAR.

Indicators:

20-period Exponential Moving Average (20 EMA)
Average Directional Index (ADX) with a 14-period setting
Parabolic SAR with default settings (0.02, 0.2)
Trading Strategy:

Entry Criteria:

Identify the prevailing trend by observing the relationship between the price and the 20 EMA. If the price is consistently trading above the 20 EMA, it indicates an uptrend, while a price consistently trading below the 20 EMA indicates a downtrend.
Confirm the strength of the trend using the ADX indicator. Look for an ADX reading above a specified threshold, such as 25, to indicate a strong trend.
Determine the direction of the trend using the Parabolic SAR. If the Parabolic SAR dots are below the price, it suggests an uptrend, while dots above the price indicate a downtrend.
Entry Point:

For a bullish trade, wait for a pullback or retracement within the uptrend. Enter the trade when the price bounces off the 20 EMA and resumes its upward movement.
For a bearish trade, wait for a retracement within the downtrend. Enter the trade when the price bounces off the 20 EMA and continues its downward movement.
Exit Criteria:

Exit the trade when the price crosses the 20 EMA in the opposite direction.
Alternatively, set a predetermined target based on your risk-to-reward ratio or use a trailing stop to lock in profits as the trade moves in your favor.
Place a stop-loss order below the recent swing low for bullish trades or above the recent swing high for bearish trades to manage risk.
Risk Management:

Determine a suitable risk-to-reward ratio for your trades. For example, you may decide to aim for a 1:2 risk-to-reward ratio, where your target is twice the size of your stop-loss level.
Set a predetermined stop-loss level to limit potential losses.
Trading Example:

Identify an uptrend by observing the price consistently trading above the 20 EMA.
Confirm the strength of the trend with the ADX indicator reading above 25.
Confirm the uptrend direction with the Parabolic SAR dots below the price.
Wait for a pullback within the uptrend and enter a long trade when the price bounces off the 20 EMA.
Set a target based on your risk-to-reward ratio or use a trailing stop to manage profits.
If the price crosses below the 20 EMA, exit the trade.
Repeat the process for new potential trade setups.

Can you make a volume/volatility trading strategy with 3 indicators for five minutes chart and show to me how to trade that?

Certainly! Here's an example of a volume/volatility trading strategy for a five-minute chart using three commonly used indicators: Volume, Bollinger Bands, and Average True Range (ATR).

Indicators:

Volume: Monitor the trading volume to gauge the strength of price movements and identify potential breakouts or reversals.
Bollinger Bands: Use Bollinger Bands to measure volatility and identify price extremes.
Average True Range (ATR): Use ATR to measure volatility and set appropriate stop-loss levels.
Trading Strategy:

Entry Criteria:

Look for an increase in trading volume, indicating higher market participation and potential momentum.
Monitor the Bollinger Bands to identify periods of high volatility. Look for price to approach the upper or lower band, indicating potential overbought or oversold conditions.
Use the ATR to confirm that the current volatility is sufficient for trading. Ensure that the ATR reading is above a specified threshold, indicating enough price movement to potentially generate profits.
Entry Point:

For a bullish trade, enter when the price breaks above the upper Bollinger Band, accompanied by an increase in volume.
For a bearish trade, enter when the price breaks below the lower Bollinger Band, accompanied by an increase in volume.
Exit Criteria:

Set a predetermined target based on your risk-to-reward ratio or use a trailing stop to lock in profits as the trade moves in your favor.
Use the ATR to set an appropriate stop-loss level, considering the current volatility and your risk tolerance.
Exit the trade if the price reaches your target or if it crosses the stop-loss level.
Risk Management:

Determine a suitable risk-to-reward ratio for your trades. For example, you may decide to aim for a 1:2 risk-to-reward ratio, where your target is twice the size of your stop-loss level.
Set a predetermined stop-loss level using the ATR to manage risk and account for market volatility.
Trading Example:

Observe an increase in trading volume, indicating higher market participation.
Monitor the Bollinger Bands and notice the price approaching the upper band, suggesting potential overbought conditions.
Confirm that the ATR reading is above the specified threshold, indicating sufficient volatility.
Enter a long trade when the price breaks above the upper Bollinger Band with increased volume.
Set a target based on your risk-to-reward ratio or use a trailing stop to manage profits.
Use the ATR to set a stop-loss level to manage risk and account for market volatility.
Exit the trade if the price reaches your target or if it crosses the stop-loss level.
Repeat the process for new potential trade setups.

Can you make a range trading strategy with 3 indicators for five minutes chart and show to me how to trade that?

Certainly! Here's an example of a range trading strategy for a five-minute chart using three commonly used indicators: Moving Average (MA), Relative Strength Index (RSI), and Average True Range (ATR).

Indicators:

20-period Simple Moving Average (20 SMA)
Relative Strength Index (RSI) with a 14-period setting
Average True Range (ATR) with a 14-period setting
Trading Strategy:

Entry Criteria:

Identify a sideways or ranging market condition where the price is moving within a defined range.
Use the 20 SMA to determine the upper and lower boundaries of the range. The price should be consistently bouncing off these levels without making significant breakouts.
Confirm the range-bound condition using the RSI. Look for the RSI to oscillate between the overbought (above 70) and oversold (below 30) regions.
Entry Point:

For a long trade, enter when the price approaches the lower boundary of the range (20 SMA) and the RSI is in the oversold region (below 30). This indicates a potential bounce from support.
For a short trade, enter when the price approaches the upper boundary of the range (20 SMA) and the RSI is in the overbought region (above 70). This suggests a potential reversal from resistance.
Exit Criteria:

Set a predetermined target based on the range width or use a trailing stop to manage profits.
Use the ATR to set an appropriate stop-loss level to manage risk and account for potential range breakouts.
Exit the trade if the price reaches your target or if it crosses the stop-loss level.
Risk Management:

Determine a suitable risk-to-reward ratio for your trades. For example, you may decide to aim for a 1:2 risk-to-reward ratio, where your target is twice the size of your stop-loss level.
Set a predetermined stop-loss level using the ATR to manage risk and account for potential range breakouts.
Trading Example:

Identify a sideways or ranging market condition with the price consistently bouncing between the upper and lower boundaries (20 SMA).
Confirm the range condition with the RSI oscillating between overbought and oversold regions.
Enter a long trade when the price approaches the lower boundary of the range (20 SMA) and the RSI is in the oversold region (below 30).
Set a target based on the range width or use a trailing stop to manage profits.
Use the ATR to set a stop-loss level to manage risk and account for potential range breakouts.
Exit the trade if the price reaches your target or if it crosses the stop-loss level.
Repeat the process for new potential trade setups within the range.

Can you make a trading strategy only with leading indicators for five minutes chart and show to me how to trade that?

Certainly! Here's an example of a trading strategy using only leading indicators for a five-minute chart:

Indicators:

Relative Strength Index (RSI): 14-period setting
Stochastic Oscillator: %K period = 14, %D period = 3, slowing = 3
Moving Average Convergence Divergence (MACD): 12-period EMA, 26-period EMA, 9-period signal line
Trading Strategy:

Entry Criteria:

Identify an overall trend or direction of the market using higher timeframes (e.g., 1-hour or 4-hour). This will help determine whether to focus on long or short trades.
Look for convergence or agreement among the three leading indicators (RSI, Stochastic, MACD). Ideally, all three indicators should provide a similar signal (e.g., all bullish or all bearish) to increase confidence in the trade.
Entry Point:

For a long trade:

RSI: Look for the RSI to cross above 30 from below, indicating an oversold condition and potential buying opportunity.
Stochastic: Look for the %K line to cross above the %D line from below, suggesting upward momentum.
MACD: Look for the MACD line to cross above the signal line, generating a bullish signal.
Enter the trade when all three indicators provide a bullish signal.
For a short trade:

RSI: Look for the RSI to cross below 70 from above, indicating an overbought condition and potential selling opportunity.
Stochastic: Look for the %K line to cross below the %D line from above, suggesting downward momentum.
MACD: Look for the MACD line to cross below the signal line, generating a bearish signal.
Enter the trade when all three indicators provide a bearish signal.
Exit Criteria:

Set a predetermined target based on your risk-to-reward ratio or use a trailing stop to manage profits as the trade moves in your favor.
Alternatively, exit the trade if any of the leading indicators start showing signs of a reversal or if there is a significant change in market conditions.
Risk Management:

Determine a suitable risk-to-reward ratio for your trades. For example, you may decide to aim for a 1:2 risk-to-reward ratio, where your target is twice the size of your stop-loss level.
Set a predetermined stop-loss level to limit potential losses. Consider placing the stop-loss below the recent swing low for long trades or above the recent swing high for short trades.
Trading Example:

Identify the overall trend or direction of the market using higher timeframes.
Wait for the RSI, Stochastic, and MACD to provide a consistent bullish or bearish signal.
Enter a long trade when all three indicators provide a bullish signal or enter a short trade when all three indicators provide a bearish signal.
Set a target based on your risk-to-reward ratio or use a trailing stop to manage profits.
Place a stop-loss order below the recent swing low for long trades or above the recent swing high for short trades.
Monitor the trade and adjust the target or stop-loss levels as needed based on market conditions.

Now we have good info here and now we can build strategy by combining different strategies.
50 and 200 sma shows trend, rsi 50 level break shows momentum and so on

TransparentTrader wrote: Tue Jul 04, 2023 12:13 am What are the 3 indicators in this picture and their settings?

EDIT: This is what happens when you write on forums before you've had your first cup of coffee for the day. Didn't even read the two posts before it. Ignore my mistake.

Uuups, then it was my mistake too as I assumed it was a sarcastic comment....which it should have been.

Actually I was about to write: "Can you please post the indicators and a template"..... ...when I saw your comment.
I mean, MAs and BBs have been around since the last ice age together with a thousand "trading systems" and thus don't need pages of explanations as if that "system" was just invented yesterday . It's like re-inventing the wheel.
Besides, except the 200 MA there is nothing useful on the chart. But if someone wants to waste his time, be my guest!

RplusT wrote: Tue Jul 04, 2023 3:27 pm Uuups, then it was my mistake too as I assumed it was a sarcastic comment....which it should have been.

Actually I was about to write: "Can you please post the indicators and a template"..... ...when I saw your comment.
I mean, MAs and BBs have been around since the last ice age together with a thousand "trading systems" and thus don't need pages of explanations as if that "system" was just invented yesterday . It's like re-inventing the wheel.
Besides, except the 200 MA there is nothing useful on the chart. But if someone wants to waste his time, be my guest!

Thanks. There is something for you too. I see you are trading with trend lines, so here you have good confirmation tool to see if breakout is real or not.
viewtopic.php?p=1295517490#p1295517490

I do play chess against computer almost every day, and I really admire that it can beat me every time. It is much much more clever than I am, and that is not even AI.
Those "wasting time"-pages is from AI. If you did not know that.