This trading view indicator is the mother of all trading tools, seriously the most powerful indicator I have ever used to build winning strategies.
You won't need any other indicator once you've got this on your trading chart.
In this video, I'll show you how to build your own winning system using a simple strategy I've developed with this incredible indicator.
Stick around till the end.
not only will we analyze the back test to see how profitable this strategy has been,
but you'll also see our top choice of volume confirmation to make this strategy even better.
Hit that like and subscribe button and let's get started.
To begin with, go to Trading View and open up the 15-minute chart on any 4X pair.
Search for DIY customer strategy builder buys PiApp and add it to your chart.
this is a strategy builder that allows you to combine several indicators into one for better confirmations in your trading plus a clearer chart too.
To use this all-in-one tool, head into the settings and immediately you will come across over 30 indicators built into it.
Don't panic, the three most important sections here are.
The indicator that gives us a signal for buy and sell.
The indicator that filters our entries and the switchboard, which displays what we choose to see on the chart.
So let's build our strategy.
First, uncheck the show dashboard box.
In this strategy, my main indicator is the range.
So we will leave the leading indicator settings as it is.
Scroll down to the range filter section and change the period to 50.
And that's all with the main indicator.
Now let's work on the confirmation indicator.
Head to the confirmation indication section.
Tick the EMA filter box and adjust its period to 50.
Scroll down to the MA's line section.
section, and uncheck all the MA boxes except EMA 50.
Now, to see the indicators on our chart, scroll down to the Switchboard section and tick the Range Filter and EMA boxes while
If you love a clean chart with few lines, you can always turn the indicators off in the Switchboard by unchecking them.
Regardless, they would still work in the background.
to give you entry signals.
Remember, you can tweak all of these settings and use this indicator to build a custom strategy specific to your needs.
Now, once that's all complete, your chart should look like this.
So here's how to trade this strategy.
We want to enter a when the range filter has given an entry signal, and the 50 EMA has confirmed the signal.
So, for this chart, you see a long signal when the range filter has switched to green and
price has crossed above the Blue 50 EMA line.
Now buy at the opening of the next candle,
place your stop-loss at the Blue EMA baseline and set your take profit at least twice your risk.
Then the trade run until price hits your targets.
or if price crosses back across the blue EMA baseline.
As that means, the trend momentum is against us.
Conversely, you sell at the opening of the next candle after receiving a short entry alert.
Ensuring price is below the baseline this time.
Okay, so the moment of truth.
test to see how profitable our custom strategy is.
I will show you the first 10 trades and exactly how we traded them and then I will fast forward to the end.
We will be setting our risk reward to 1.5.
However, you can adjust this according to your risk preference.
Here are the results, a remarkable win rate of over 70%.
Now, this amazing system gets even better when you add a volume profile for extra confirmation.
In the confirmation section of the strategy builder, search for the WADA ATAR explosion and tick it alongside the 50 EMA.
Then scroll down to the inputs for the WADA ATAR and increase the multiplier to 5.
Now, this addition enhances accuracy, minimizing losses by all Automatically reducing false signals in low volatility and sideways markets for more winning strategies and support in passing prop firm challenges
Join our discord community via the link in the description or explore a powerful reversal indicator on trading view here.
