๐ Chart Prime Premium: https://chartprime.com/?utm_source=premium
20% Off With Coupon Code: TLANDING
I created an amazing trading system using a paid indicator called the Chart Prime Oscillator. This system uses multi-timeframe analysis to ensure the execution timeframe is in sync with the higher timeframe. This indicator allows you to mechanically use standard divergence and hidden divergence to great effect.
Furthermore, Chart Prime offers 5 other indicators that I briefly touch on in this video. A trader does not have to use paid indicators, but I can say Chart Prime indicators are better in quality and reliability than most others.
In addition to reviewing the indicators, providing exact entry rules, defining the take profit and stop loss levels, testing it for 100 consecutive setups, reviewing the results, discussing the equity curve, and scoring the system on a scale of 1 to 10, I also share my 6 optimization tips that you can try in your own trading system development. Do not neglect back and forward testing, that is critical.
โฑ๏ธ Timestamps โโโฑ๏ธ
00:00 – Start
00:46 – Indicators
03:01 – Examples
03:15 – Results, Equity Curve, Score
07:30 – Optimization
โ๏ธ System Specifics โ๏ธ
๐ System Name: Is Your Chart Primed?
๐ Traderโs Landing Score: 8
๐น Instrument: Bitcoin vs. US Dollar (BTC/USD)
โ Time Frame: 1-Hour (H1) & 15-Minute (M15)
๐ TradingView Indicators
Links to indicators located here: https://traderslanding.net/indicators/
Name: Chart Prime Oscillator
Inputs: H1 – Uncheck Bearish & Bullish Divergence, M15 – Uncheck Hidden Bearish Divergence & Hidden Bullish Divergence.
Style: Default
By: Chart Prime Indicator
Tutorial Video on Indicator: https://www.youtube.com/watch?v=AiZ4Re64DjE
Name: ATR Bands
Inputs: 2X ATR for upper & lower bands.
Style: White
By: AlexanderTeaH
โ๏ธ Long Entry
- Hidden bullish divergence on the 1-hour.
- Regular bullish divergence on the 15-minute.
- Green trend shift dot.
๐ Short Entry
- Hidden bearish divergence on the 1-hour.
- Regular bearish divergence on the 15-minute.
- Red trend shift dot.
๐ฅ Risk to Reward: 1:2
๐ Where to place stop-loss:
For Longs: 2X ATR below the entry candle on the H1.
For Shorts: 2X ATR above the entry candle on the H1.
๐ Where to take profits: 2 times risk.
โ ๏ธDisclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.