Best TradingView Strategy has been designated to trade the Nasdaq 100 and Volatile Instruments This is a trading tactic tailored for the TradingView platform, integrating bespoke indicators. According to the proponent, this approach boasts remarkable profitability, which can be further enhanced by adhering to suggested advice on incorporating support and resistance levels as filters.Having personally experimented with the strategy, it appears to validate the author's claims regarding its efficacy, particularly when applied to the 5-minute timeframe for Nasdaq and Dow, yielding commendable results even during backtesting sessions.
This script primarily relies on momentum, volume, and price dynamics, leveraging:Bollinger Band Squeezes to signal potential breakout opportunities.Utilization of Moving Averages (SMA and EMA) to ascertain trend direction.
The reported success rate of this method surpasses 75%, and with minor adjustments and inclusion of price action analysis, it can potentially exceed the 90% success threshold.
The strategy incorporates trailing stop-loss mechanisms to mitigate drawdowns. While some nominal extra drawdown may be observed, it tends to be negligible in practice.
Personal validation of the strategy involved a 41-day trial with a $250 account, yielding a substantial increase to $2700.
Recommendations for maximizing profits include fine-tuning certain parameters to enhance profitability, increase the percentage of profitable trades, and minimize drawdowns.
Key Points to Note:
This strategy is adaptable across various index charts such as DOW, NASDAQ, NIFTY50, etc., although optimal returns are typically achieved when applied to a 5-minute chart.
Combining the strategy with support and resistance trend lines can yield exceptional results.Note to find the indicator write in indicators (custom or community) Best TradingView Strategy.
In the pictures examples of trades.
Post a Comment