BEST Trading Strategy on TradingView for Beginners (2024)

[@algotradepro]

🔷Ranking of all ATP trading strategies: docs.google.com/spreadsheets/d/1WcvrG8KLyYqXXveyEIlfYljtOLg7WySOwrv_lVya5hE/edit?usp=sharing

[@ghost-ict]

Can you tell us how to set up the Google DOCs. Sheets. To back test

[@algotradepro]

Thank you for your question! I appreciate your interest in learning how to set up Google Docs and Sheets for backtesting, but I use Excel for that purpose.

[@niomartinez]

Does your backtest consider market fees or spreads?

[@algotradepro]

Our backtest takes into account spreads to provide a more accurate simulation. Regarding commissions, no, as it depends on the broker chosen. For example, with our broker of choice, XTB, up to $100,000 in monthly volumes there are no commissions for shares

[@rituparnakumarnath3140]

all indicator you mentioned in this video and the previous video works WELL, but I think the BBBO itself tells us how long we need to hold the trade for. Can you PLEASE make video on price actions as well.

[@algotradepro]

Thank you for your feedback! I appreciate your support and will definitely consider making a video on price actions.

[@xiaopinghu8682]

Thank you Sir. What is the volume indicator and baseline indicator for this system?

[@algotradepro]

I'm glad you found the information helpful! There is no volume or baseline in this system, it is a simpler one.

[@xiaopinghu8682]

Thank you Sir. If I want to add a volume indicator and a baseline, which one do you think would be the best fit?

[@algotradepro]

Hey there! It's awesome that you're thinking about adding more features. Why not try out the Choppiness indicator, aas the volume indicator, and a 50-EMA, as a baseline, to see which one fits your style best?

[@xiaopinghu8682]

Thank you! You said that you turned off the weaker buy/sell signals from the purple cloud indicator. Did you change the program? Seems that you just turned the weaker buy/sell off from the monitor. The program will still take those weaker buy signals unless you changed the program. Also did you test the purple cloud with 14 period length? Thank you.

[@algotradepro]

@@xiaopinghu8682 Hi! Yes, I turned off the weaker buy/sell signals and only considered entering on strong signals. For the settings, I used 10, 3, 40, 0.9.

[@peiyihsiao592]

Thank you SO MUCH!!!~~~

[@algotradepro]

I'm glad you enjoyed the video, thank you for your support!

[@astgo9113]

Hi I find this strategy very good, I can also trade in timeframe daily, can you also introduce the best indicator for trading swing and positions trading? i have little time for small timeframe thank you very much

[@algotradepro]

I'm glad you found the strategy helpful! For swing and position trading, the UT Bot indicator is commonly used and effective.

[@kulitkulit3160]

Does this work for 1m timeframe?

[@algotradepro]

Thank you for asking! Yes, it can be effective with the right approach.

[@sanghamba6535]

why purple cloud not working ?

[@algotradepro]

Thanks for your question! It helps me understand what issues viewers are facing. Have you checked for any updates or settings that might be causing the problem?

[@sanghamba6535]

@@algotradepro i have done try, but still error pine script

[@algotradepro]

Ok, thank you for your feedback! We will find out what is going on with the pinescript code

[@kento1957]

No testing on indexes or currency?

[@algotradepro]

For this video, we focused mainly on stocks, as it is a strong point of this strategy

[@sukscool]

Thank yoi.. but what about forex pairs?

[@algotradepro]

Looks like the forex pairs are feeling a bit left out! Don't worry, they'll get their time in the spotlight soon.

[@sukscool]

@@algotradepro hahaha ❣️

[@marekdabrowski5799]

Thank you

[@algotradepro]

Thanks for tuning in, we're grateful for your support!

[@IvanCordicep]

Have seen you everywhere in many indicator videos commenting. Would you plz tell me what is your best favourite personal indicator that you use? & Have you found the one you're looking for? Everyday I feel a little more demotivated when I see the Indicators not workings and giving fake signals & no proper confirmation

[@algotradepro]

@@IvanCordicep Hello, Thank you for your message and for following my comments on various indicator videos. I understand the frustration that comes with indicators sometimes providing false signals or lacking proper confirmation. In terms of my personal favorite indicator, I've found the UT Bot indicator to be quite reliable, especially when using smoother settings like (2, 8). However, it's important to note that the effectiveness of any indicator can vary depending on factors such as the assets traded, timeframes used, and trading style employed. To address the issue of fake signals and lack of confirmation, it's essential to build a robust trading system that incorporates multiple indicators with complementary functions. By combining different indicators and validating signals across various criteria, you can enhance the accuracy and reliability of your trading strategy. If you have any further questions or need assistance, feel free to ask.

[@IvanCordicep]

@@algotradepro plz do make a video on top 10 editors choise RSI/ Laguerre RSI/ Elliott wave RSI Optimal RSI and others that can actually give us proper exit confirmation signals.

[@algotradepro]

@@IvanCordicep Thank you for your suggestion! We will do it in the future!

[@songtarot2402]

😅😅

[@algotradepro]

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