Lesson 5: Stop-Loss Strategy | A must needed for tradersHello Traders,
I am back with yet another helpful lesson for y'all. This one is a must needed for any trader, and it is extremely important to get this right. A lot of people face a situation when they buy a coin at a higher price, and it just starts going down, and you just hold it in the hopes that it will go up soon. But instead, it just keeps going down more and more. Believe it or not there are many people out there who are still holding that coin because of just one mistake. They did not had a stop-loss order opened after they bought a coin. If they had a stop-loss order opened up, they would have been out at a minimal loss rather than waiting few months for the coin to come back up. If they had set up a stop-loss order, they could've bought the coin at its lowest, and then earned all those profits in lesser time.
Don't you worry. I will go over this in a simple way so you can understand this topic really well. Keep in mind this is extremely important to cut your losses especially when we are not sure about the direction that BTC is heading in.
Below are the topics we will go over today:
What is a Stop-Loss Order?
Strategize your Stop-Loss order price
Advantages of Stop-Loss
Disadvantages of Stop-Loss
Note: For the above topic, please refer to the BTC chart above.
Lets go over the topics now.
What is a Stop-Loss order?
A Stop-Loss order is an order set by a trader which will sell the coin if its price reaches below a set price (Stop Price) in this case. Basically if we buy a coin at $10, and you set a stop price at $8. Now, if the coin goes below $8, and if you have a Stop-Loss order up, it will open a Limit Order at the limit price you gave once the price reaches below your set Stop-Loss price.
In simple terms, lets look at an example below:
i0.wp.com
Coin Buy price: 23000
Coin Stop: 20000
Coin Limit: 19000
Refer to the link above to see a image of how stop-loss looks like on Binance.
Now lets say you buy a coin at 23000, and after you buy it, you set a stop-limit sell order with a Stop price of 20000, and sell (limit) price of 19000. So now once your coin goes below 20000, the system will automatically open a sell order at your set limit price which in this case is 19000. The benefit of this is that it cuts your losses if the coin keeps going down from that level.
I know what you might be thinking right now. What if the coin doesn't keep going down from that level. This would go against you then. You are correct, but it is extremely important at what price you set your stop loss order at. We will discuss that strategy in the next topic below.
I hope it is clear to you so far. That was just the intro on what Stop-Loss actually is. Now we can look at what sort of strategy we can use around it.
Continue reading below....
Strategy!
Strategy for Binary options Profit 70-80% Statistics for 10.05Hello friends ! I decided to show how my strategy works.
Fair enough shows the turning point of the price. This is a strategy for Binary Options. Perfect for those who do not hurry and like to trade on scalping (the strategy is as simple and reliable as possible). The strategy consists of two main scripts and one auxiliary (indicators "Scalping Pro1, 2, 3") that allows you to use the free version of T.V .
You can work on most currency pairs and on different T.F, but the settings are more adapted for T. M5.
Support and resistance levels are drawn and updated automatically which is very convenient for beginners.
If you strictly adhere to the recommendations and work within the framework of this strategy, the percentage of positive deals is about 80%.
That allows you not to use Martingale and remain at the same time with a minimum of risks.
But if you still like martingale, then usually enough 3 rarely 4 steps. (I advise you to use martengail only after two months of practice on this strategy). As an example, a screenshot with statistics for 10.05 on the EUR-USD currency pair, Timeframe 5M.
Below are screenshots with more detailed recommendations .
How to choose the right entry point.
How to act when a false signal .
If you are interested in this strategy to gain access to all three necessary script write to me in private messages !
( comments rarely looking better to write in private messages )
Binary Options.Entry point.Ready Strategy 70-80% Positive tradesHi Friends ! I decided to show you how my strategy works . Quite well shows the turning point of the price, you can make both short and long transactions .
The strategy consists of three indicators. ""Scalping Pro 1,2,3 can be run on the free version of the site .
Scalping strategy working timeframe not lower 5M (15M,30M) gives 10-15 signals per working day on average.
detailed recommendations below in the photo.
Anyone interested in my strategies, write me a private message, I will tell you how to get a strategy " Scalping Pro"
I also conduct training and advice on trading .
The "Scalping Pro" strategy Shows the price reversal point BTCHi Friends ! I decided to show how my strategy works on large timeframes and crypto-pairs . Quite well shows the turning point of the price, you can make both short and long transactions .
The strategy consists of three indicators. ""Scalping Pro 1,2,3" can be run on the free version of the site .
below are screenshots with more detailed recommendations .
Entry point.
false signal as to act.
Anyone interested in my strategies, write me a private message, I will tell you how to get a strategy " Scalping Pro"
I also conduct training and advice on trading .
Using Renko Candles with 'Ninja Signals' Buy/Sell Alerts ScriptGetting some promising results on backtesting using Renko candles with our 'Ninja Signals' buy and sell alerts script and wanted to share the idea with the TradingView community. Some traders prefer traditional candles, some prefer Heikin-Ashi candles, while others are currently testing Renko candles to find the most profitable configuration. There's so many styles of trading available with this script, the possibilities are truly numerous, especially if you take into consideration adjustable variables such as stop loss, minimum profit per trade, RSI < 70 buy filtering, downtrend buy filtering, pyramid buying, and other options. You can check out the 'Ninja Signals' buy/sell alerts TradingView script and backtesting strategy at the links below. Comments, questions, and feedback are encouraged and appreciated. Best wishes and happy trading everyone!
'Ninja Signals' v1.0 (SCRIPT)
'Ninja Signals' v1.0 (STRATEGY)
'Ninja Signals' v2.0 (SCRIPT)
'Ninja Signals' v2.0 (STRATEGY)
Vires in Numeris
Simple and Profitable Cryptocurrency Trading StrategyNew Simple, easy and profitable Cryptocurrency trading strategy. The chart I've used to demonstrate is Ethereum but I use it across all of the major cryptocurrencies (BTC, XRP, BCH, DASH, etc). The chart shows daily timeframe but it is profitable on lower timeframes (I haven't used/tested below 4hr so try that yourself)
Indicator List
WWV_LB (5) = Weis Wave Volume by Lazybear with lookback setting of 5
Blue EMA = 8, close
Red EMA = 8, open
Coloured Boxes
Red = Profitable sell
Green = Profitable Buy
Yellow = Losing trade
Weis wave volume indicator is essentially showing when there is a turning point of control over the previous 5 timeperiod (here 5 days), from either bears to bulls or vice-versa. Meaning it is very good at showing the start and end of swings.
The EMAs are used to filter the weis wave volume indicator so that you dont enter on small pullbacks and it allows to visibly view the trend (pointing up/down) and when market is stagnent.
Rules
Buy
1. Look to buy when the weis wave volume indicator switches from red(bears in control) to green (bulls in control).
filter
2. EMA 8, close must be above ema 8, open with daylight between the indicators. Without daylight then for me it doesnt represent a strong move.
Sell
1. Look to sell when the weis wave volume indicator switches from Green to red.
filter
2. EMA 8, close must be below ema 8, open with daylight between the indicators.
Strategy for B.O 70-80% of Profitable trades.Statistics for24.04Hello Friends ! report for 24.04, traded on EUR-USD -0.06% Timeframe of 5 minutes .
My working time frame 5 minutes trading plan day at least 5 + . I work as a fixed amount of the transaction without the participation of "Martin"
Results of the day for 5 hours of trading 7 + 1-with the return of the asset 80% net profit was 5+
The plan for the day fulfilled. below is a screenshot of the graph .
24.04
read more about the rules of the strategy.
Scalping strategy working timeframe not lower than 5M (15M,30M) gives 10-15 signals per working day on one pair on average .
is in currency pairs EUR / USD , GBP-USD , USD-JPY , EUR-NZD , BTC-USD . as well as other currency and crypto pairs.
Expiration time = (1 candle) Detailed description can be found below .
How to choose the right entry point .
False signal. How to act.
Wishing to test strategy write. I'll give you access. and will also help to understand .
I also conduct training on binary options trading
Strategy for Binary options 70-80% of positive tradesScalping strategy working timeframe not lower than 5M (15M,30M) gives 10-15 signals per working day on one pair on average .
is in currency pairs EUR-USD , GBP-USD , USD-JPY , EUR-NZD , BTC-USD . as well as other currency and crypto pairs.
Expiration time = (1 candle) Detailed description can be found below .
How to choose the right entry point .
False signal. How to act.
My time frame is 5 m of the trading plan for the day at least 5+. I work as a fixed amount of the transaction without the participation of "Martin" statistics 23.04. 9+and 2-with an 80% return on the asset, the net profit was 6+. Below is a screenshot of the deal at 23.04.
Wishing to test strategy write. I'll give you access. and will also help to understand .
Unconventional weapons and strategy for an unconventional war.I say this is a parabolic war!! Bitcoin taught me a lot about this. Well, I say the US30 is a parabolic situation. If they don't wanna play fair, why should I approach the market with conventional weapons?
No! This is a strange war. So - I'm not gonna play by conventional rules. I don't think that's gonna work.
Overall in trading, the issue is not winning a few battles. It is about winning the whole war. So with Wall Street (US30) I decided that they can have back what equity I've gained but they're not going to put me into a loss once I've caught the equity.
My plan is to build an equity base to fight them at their own game, if/when volatility really gets going lower down.
I'll use whatever it takes. They're not gonna categorise me as trend follower, harmonic trader, scalper etc. Why? Because I'm all of that and more. I'm like Muhammed Ali!! Amma dance around them and show them I can do this in a way they don't expect!
I'll win anyway! How? If I don't lose equity, I've won! That's it! How can I win without winning? See here .
Strategy for Binary options 70-80% of positive tradesScalping strategy working timeframe not lower 5M (15M,30M) gives 10-15 signals per working day on average.
is in currency pairs EUR-USD , GBP-USD , USD-JPY, EUR-NZD , BTC-USD . and other currency pairs
Expiration time 5 min (1 candle) in more detail in the description of the script.
Wishing to test strategy write in personal messages.
below is an example for 5m Statistics for the week 50+ 19- =31+ profit. with a yield of 80%, the net profit was 26+ (I work as a fixed amount of the transaction without martingale ) .
09.04.18
10.04.18
11.04.18
12.04.18
13.04.18
Strategy for Binary options and Forex 70-80% of positive tradesScalping strategy working timeframe not lower 5M (15M,30M) gives 20-25 signals per working day on average.
is in currency pairs EUR-USD , GBP-USD , USD-JPY ,EUR-NZD, BTC-USD . and other currency pairs
Expiration time 5 min (1 candle) in more detail in the description of the script.
Wishing to test strategy write in personal messages.
below is an example for 5m Statistics for the week 58+ 18- =40+ profit.
26.03
27.03
28.03
29 03
30.03
Working strategy for Binary options.Forex . statistics for weekScalping strategy working timeframe 5M gives 20-25 signals per working day on average.
is in currency pairs EUR-USD, GBP-USD , USD-JPY , BTC-USD . and other currency pairs
Expiration time 5 min (1 candle) in more detail in the description of the script.
Wishing to test strategy write in personal messages.
below is an example for 5m Statistics for the week 58+ 18- =40+ profit.
26.03
27.03
28.03
29 03
30.03
Working Strategy for binary options and Forex tradingScalping strategy working timeframe 5M gives 20-25 signals per working day on average.
is in currency pairs EUR-USD , GBP-USD , USD-JPY , BTC-USD . and other currency pairs
Expiration time 5 min (1 candle) in more detail in the description of the script.
Wishing to test strategy write in personal messages.
below is an example for 5m
Scalping strategy in action. TF 5 M example in the descriptionScalping strategy working timeframe 5M gives 20-25 signals per working day on average.
is in currency pairs EUR-USD , GBP-USD .
Expiration time 5 min (1 candle) in more detail in the description of the script.
Wishing to test strategy write in personal messages.
below are the trade statistics for today.
Strategy Scalping for B.O. EUR-USD 5M Statistics for the week.I decided to post statistics on the work on the Scalping strategy over the past week.
I work with a fixed amount of the transaction, not what "martingale" from here is the minimum risk of deposit drawdown.
Statistics for the week (69+) - (25-) = 44 Plus see screenshots.
A detailed description of the principle of the strategy can be seen in the description of my scripts.
19.03.18
20.03.18
21.03.18
22.03.18
23.03.18
Formulating a Strategy - BTCHow do we make a strategy?
Get your Pencils out yall! We have to look around, take a look at the history, and see how we can capture some profit in the asset class. Its important to formulate a strategy by letting the chart show you what indicators worked historically. Some people like to use indicators like crazy and THEN backtest them. Perhaps that works...
We're not doing that today. Today, we're going to let the chart speak to us; and then we're going to come up with a hairbrained idea based on what the chart has to say. We can polish that idea later, the important part is to give ourself a simple framework to work from.
Lets do it!
Core rules to trade with Sinewave & MomentumHope this educational content will help you make a better use of the indicators.
Remember that these rules are just ground rules. Positions sizes and stops positionning will depend on your own risk profile.
This is up to you to find your comfort zone on these parameters.
Indicators used in this video are : PRO Sinewave & PRO Momentum
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
Strategy for ALTCOINS VS BTC (Beginners) - How To Split Your BTCOne of the many issues beginners face when trading ALTCOINS, is how to split their money.
Where to invest? How much to invest? How long to wait?, etc.
It happens that in this market, the cryptocurrency market, opportunities are endless, and we are bathed with a wave of new opportunities all the time, everyday, but this can turn into
a problem rather than a solution. A disadvantage rather than an advantage. Why is that?
Well, if we don't have a plan we tend to make mistakes, because of lack of experience.
We might join a trade and buy an altcoin, we feel all pumped up and hyped up, and feeling good and positive. The next minute another opportunity comes, and this one seems bigger and better, and somehow you don't want to wait, you move to the new one, on and on. Leaving loses behind each time you jump from coin to coin, and worst yet, the action seems to start, almost always, as soon as you go.
So how do we deal with this problem?
How can we plan to take advantage of all the opportunities, without worries and end up in success?
That's the question that I am here to answer for you.
THE 10% PLAN
Let's say you have 1 BTC (Or 0.10 BTC), or any amount for that matter, and a awesome, charismatic, helpful and optimistic trader, like myself (:P), posts a new idea and you want to join. How much of your capital will you put in?
Will you put in 100% Of your capital? NO.
"Well this is a huge trade", "This guy knows his stuff", "I will take the chance to recoup my losses", etc.
Remember that we do not, and cannot, predict the market. We look at signals which points to a certain direction, but the market can choose to do whatever it wants. That's why we set targets and also stop loss.
So instead of putting all your money in one place, divide all your trades in increments of 10.
You have 1 BTC, then you have the chance to open 10 trades.
You don't have to join them all at once. You are not losing anything if your money is resting fine.
This new trade I just posted, you can put in 10%. Set it and forget and you will do well.
The next trade, go ahead, another 10%. Now you are feeling good, because you have a plan and you feel strong.
And even if the trade goes wrong, you have 80% of your capital safe, and in the worst case scenario, you will see a 10% loss.
On the other hand, if the trade goes as planned, and you get to earn, you can be looking at a maybe a 100, or even 200 percent.
Follow this strategy wherever you go.
And trust, that in time, you will see your money grow.
NAMASTE.
Follow the Trend, My Strategy!This is my trading plan. You can look through my published ideas to look at other examples.
I need 3 reasons to enter a trade.
1. A clear direction. I use 3 emas 50, 100, and 200 as shown in the chart.(Required)
2. A horizontal support/resistance area. (Required)
3. Price retrace to one of the emas to act as resistance. (preferably than fib)
4. Fib continuation 0.382, 0.5, or 0.618 level.
Placing a stop loss.
My target for stop loss is between 10-25 pips.
I place my stop loss behind the horizontal and/or the next ema.
My target price is always 2 times more pips than I risk.
----------------------------
I trade between 15 pairs, and on 30 minute time frame.
One reason is to counter F.o.m.o trading(Fear of missing out).
Counters Revenge trading because my trade size is smaller, and the opportunities are endless.
Counters Gambler's Fallacy because I require 3 reasons to enter a trade,
I don't enter a trade and expect to win after losing 3 times in a row, I place a trade based on my strategy.
I'm still trying to evolve as a trader, as you can see that throughout my published ideas.
WHICH BOOKS DID YOU READ? I don't see anyone talking about trading books so I'd like to share a few books that I read over the years and invite you to comment below with yours.
Regardless of whether you are a novice or an experienced trader every book has something to teach and it is quality time to spend off the charts.
A Strategy for Market Entry and Exit - Part 3SUGARUSD:OANDA Weekly Chart
A-E are similar to A-C above.
F. This is another example of a DI becoming dominant in a pullback but for only a brief period of time. Notice how (A) gave a signal but that an exit was quickly signaled. After the pullback (B), then (C) gave a new entry signal to long side for many weeks before TRIX signaled a potential cover of the short.
G. Is another example of the action similar to (F).
NOTE: These types of actions work best when the ADX is above 20 or when it is trending up.
SUGARUSD:OANDA Daily Chart
More examples of the same concepts. However, this one provides good insight into a strong trend and how the TRIX, in conjunction with the DMI, will keep you in a market longer. And, when an exit is signaled, how to re-enter if the DMI indicates the trend is still intact.
A Strategy for Market Entry and Exit - Part 2Part 1 can be found here:
Key Tenants
DMI is used as a triggering mechanism to establish support->resistance or resistance->support lines
TRIX used to identify targets to exit and re-enter and on-going trend (if the DMI indicates a down trend, the a negative cross of TRIX over HMA would indicate a level to short
Divergence can happen in both DMI and TRIX to indicate a weakening trend. With the TRIX, it can be a negative divergence where price makes new lows but TRIX makes higher lows or positive divergence where price is making a new low but TRIX is making lower lows in a blow-off fashion.
Stoch indicates overbought/sold conditions with potential leading trigger on trade. Can leverage mid-point levels as trade continuation
SUGARUSD:OANDA as an example reference 4hr chart above
A. This is the period where the -DI crossed up over the +DI signaling that the trend was turning down. For Wilder, the low on this day would be the extreme point and you would enter a short position once price moved below it. A stop would be placed at the high of the same day as the cross. I’m looking at this more from the point of using the closing price instead of the high or low. If the next day closed below this price, then I would enter a short position at that close. At this point, you can use whatever trailing stop strategy you currently used to exit should price move contrary to your position
B. This is the day that the +DI crossed up over the -DI signaling a possible buy. However, price did not close above this line before the ADX (green line on the DMI) dropped below both DI’s and eventually 20. Once this happens, a trend following indicator should not be used and signals that happen now I don’t act on. What has been suggested is that during this time, look for patterns in price and watch for price to breakout of this pattern.
C. -DI again crosses up over +DI and with price closing below this line, a signal to enter short again is given
1. This is the first signal after (A) that indicates a correction may be happening. Once the TRIX crosses up over the HMA, that period’s close is used as the line to determine if the trade will be closed. If price closes above this line, then exit the trade. This is the case and the short position would have been exited
2. Because the trend is still down as indicated by the -DI being dominant, when the TRIX crosses down over the HMA, the close for that period is used to enter another short position.
3. Again, a signal is given to cover the short but in this case, price did not close over this close so the trade would not have been exited even though many periods went by
4. This time, the signal was hit to cover the short and again, due to the trend being down (-DI dominant), the signal was again triggered to re-enter a short position
5. Exit signal given and short was covered
6. This time, the sell signal to re-enter was not hit and price eventually entered a period of consolidation signaled by the ADX dropping below both DI’s and 20
7. NOTE: This is a important part of DMI/ADX that I use and will keep you out of a lot of churn in markets: When ADX drops below both DI’s and/or below 20, don’t use a trend following indicator to take trades. An option is to look for a price pattern (a channel, flag, a triangle, maybe a trend line) for price to consolidate into and then break out of. This consolidation should last for at least 5-7 periods or longer. Use the TRIX to potentially give a signal as to the direction of the breakout. In this case, the breakout was to the down side.
Between (B) and (C), you see a pattern that happens in the DMI where there is a pullback. In these cases, one of the DI’s can become dominant for a briefly.