1. Overview
The Simple_Xtrade Pinoy Indicator is designed to identify high-probability trade setups by leveraging institutional price levels and kill zones. This strategy focuses on executing precise entries on the 1-minute timeframe when price reaches key institutional levels.
2. Timeframes Used
4-Hour Timeframe: Identifies institutional buy and sell levels.
1-Minute Timeframe: Used for trade execution when price reaches institutional levels.
3. Key Concepts
Institutional Price Levels (Bank Orders)
Sell Levels (Red Labels): Strong resistance zones where institutions place sell orders.
Buy Levels (Green Labels): Strong support zones where institutions place buy orders.
Kill Zones
- These are specific time periods when the market is most active, ensuring better trade execution.
- Only trade **inside the kill zones for high-probability setups.
4. Trading Strategy
Sell Entry Setup (Short Position)
1. Wait for price to hit or slightly exceed a bank order sell level (Red Label).
2. Confirm entry on the 1-minute timeframe with a bearish signal:
- Bearish engulfing candle
- Rejection wick
- Trend shift confirmation
3. Execute a Sell trade.
4. Set Stop Loss (SL):
- Just above the recent high.
5. Set Take Profit (TP):
- Next bank order buy level.
- OR a fixed 100+ pip target.
Buy Entry Setup (Long Position)
1. Wait for price to reach a bank order buy level (Green Label).
2. Confirm entry on the 1-minute timeframe** with a bullish signal:
- Bullish engulfing candle
- Rejection wick
- Trend shift confirmation
3. Execute a Buy trade.
4. Set Stop Loss (SL):
- Just below the recent low.
5. Set Take Profit (TP):
- Next bank order sell level.
- OR a fixed 100+ pip target.
5. Risk Management
✅ Trade only within kill zones for high probability setups.
✅ Always use stop loss to protect capital.
✅ Maintain risk-to-reward ratio of at least 1:2.
✅ Do not force trades outside of the strategy conditions.
6. Summary
This strategy simplifies trading by focusing on:
- Institutional price levels for entry.
- Kill zones for high probability trades.
- 1-minute timeframe for precision.
By following these rules with discipline, you can maximize profitability while minimizing risk.
The Simple_Xtrade Pinoy Indicator is designed to identify high-probability trade setups by leveraging institutional price levels and kill zones. This strategy focuses on executing precise entries on the 1-minute timeframe when price reaches key institutional levels.
2. Timeframes Used
4-Hour Timeframe: Identifies institutional buy and sell levels.
1-Minute Timeframe: Used for trade execution when price reaches institutional levels.
3. Key Concepts
Institutional Price Levels (Bank Orders)
Sell Levels (Red Labels): Strong resistance zones where institutions place sell orders.
Buy Levels (Green Labels): Strong support zones where institutions place buy orders.
Kill Zones
- These are specific time periods when the market is most active, ensuring better trade execution.
- Only trade **inside the kill zones for high-probability setups.
4. Trading Strategy
Sell Entry Setup (Short Position)
1. Wait for price to hit or slightly exceed a bank order sell level (Red Label).
2. Confirm entry on the 1-minute timeframe with a bearish signal:
- Bearish engulfing candle
- Rejection wick
- Trend shift confirmation
3. Execute a Sell trade.
4. Set Stop Loss (SL):
- Just above the recent high.
5. Set Take Profit (TP):
- Next bank order buy level.
- OR a fixed 100+ pip target.
Buy Entry Setup (Long Position)
1. Wait for price to reach a bank order buy level (Green Label).
2. Confirm entry on the 1-minute timeframe** with a bullish signal:
- Bullish engulfing candle
- Rejection wick
- Trend shift confirmation
3. Execute a Buy trade.
4. Set Stop Loss (SL):
- Just below the recent low.
5. Set Take Profit (TP):
- Next bank order sell level.
- OR a fixed 100+ pip target.
5. Risk Management
✅ Trade only within kill zones for high probability setups.
✅ Always use stop loss to protect capital.
✅ Maintain risk-to-reward ratio of at least 1:2.
✅ Do not force trades outside of the strategy conditions.
6. Summary
This strategy simplifies trading by focusing on:
- Institutional price levels for entry.
- Kill zones for high probability trades.
- 1-minute timeframe for precision.
By following these rules with discipline, you can maximize profitability while minimizing risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.