In recent years, technology has revolutionized the way in which we approach trading and investing. With advanced tools and indicators, traders are able to make more informed decisions and achieve greater success in their trades. One such groundbreaking indicator is the Trend Line Breakouts with Targets indicator available on Trading View. This indicator provides traders with 100% accurate trend lines and easy to follow buy and sell signals with profit targets. In this article, we will provide an in-depth tutorial on how to use this magic indicator and a full trading strategy to help you make significant profits in the market.
Before we delve into the details of this powerful trading indicator, it is important to note that it can be used for trading highly volatile cryptocurrencies, stocks, futures, and forex pairs. The most suitable time frames for this indicator are 5 and 15 minutes, 1 hour, and 4 hours. With this in mind, it is crucial to acknowledge the relevance of this tool across various markets and the potential it holds for traders.
To apply this indicator on your chart, you will need to log into your Trading View account and open any market of your choice. Once you have selected a market, open the indicators and search for “Trend Line Breakouts with Targets.” This meticulously crafted indicator improves trading decision-making by pinpointing trend line breakouts and breakdowns through Pivot Point analysis, ensuring accurate signals are generated. Additionally, it conducts precise calculations to determine potential target levels and then exhibits them graphically on the price chart, providing traders with valuable insights.
The indicator works by drawing a downward trend line when the market makes lower highs. As soon as the price bar closes above the trend line, the indicator generates a buy signal with a profit target based on market volatility. Similarly, when the price makes higher lows, the indicator draws an upper trend line. If the price breaks below this trend line, the indicator gives a sell signal with a recommended target displayed on the chart. The indicator inputs are customizable, allowing traders to set the period and trend line length to suit their trading preferences.
One advanced strategy for utilizing this indicator involves setting a higher period number to receive fewer signals. By extending the lines further, traders can wait for the market to retest the trend line before opening a trade, potentially providing them with better entry prices. Moreover, taking into account the long-term market bias is vital for eliminating fake breakouts and ensuring that traders do not engage in risky trading activities. Combining the indicator with additional tools such as the 200 Exponential Moving Average and a volume flow indicator can further enhance signal accuracy and overall trading effectiveness.
A recommended strategy for trading with this indicator involves looking for a trend line breakout and confirming the signal using the volume flow indicator. For a buy trade, if the volume flow indicator confirms the signal, traders can set a stop loss at the recent swing low and use the indicator’s target as a reference for take-profit levels. Additionally, applying a risk-reward ratio of at least 1:1 and adjusting stop losses to break even after the price reaches the target can help traders manage their trades effectively. Conversely, traders can apply the opposite rules for short trades, ensuring that they carefully analyze market volume and confirm signals before entering a trade.
As you consider employing this trading strategy, it is important to backtest it thoroughly and test it on a demo account before engaging in live trading. This ensures that you have vetted the strategy and understand its potential strengths and weaknesses. By following these steps, traders can gain confidence in their trading strategies and approach the market with a well-defined plan for success.
In conclusion, the Trend Line Breakouts with Targets indicator is a powerful tool that can help traders make informed decisions and achieve significant profits in the market. By combining this indicator with advanced trading strategies and additional technical analysis tools, traders can enhance their trading effectiveness and achieve greater success. As always, it is important to approach trading with caution and ensure that you thoroughly understand and test any trading strategy before implementing it in live trading. With the right tools, knowledge, and discipline, traders can navigate the markets with confidence and achieve their trading goals.
What is the name of the indicator? Please inform me…
Banknifty and nifty stock use in Indian market
Exploring the high-stakes world of day trading reveals a blend of risk and reward, where strategic leverage plays and timing during market fluctuations can lead to significant gains from minimal investments. This approach emphasizes the necessity of careful risk management, including setting stop losses and technical analysis, to navigate the volatile markets effectively…..managed to grow a nest egg of around 100k to a decent 432k in the space of a few months… I'm especially grateful to Veronica Hoy, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Louise O'Brien Turner you're such a life saver.
Its free?
😂
Can't find the easy options live trading link. Can you help me with this info? Thank you very much.
100% accurate…magic…what could go wrong 😂
Wow! One of the WORST AND MOST INACCURATE indicators I've come across. I backtested it with and without the 200 EMA, with and without Volume Flow Indicator, and even tried in conjuction with MACD and it mostly FAILS and what's worse, it misses some large movements. Complete waste of people's time. Just clickbait.
Sir Malik's professionalism is evident in every aspect of his trades. He approaches each investment opportunity with diligence, conducting thorough research and analysis to identify the most profitable trades. This attention to detail ensures that investors receive the highest possible returns on their investments. Sir Malik understands the importance of consistency in trading, which is why he consistently delivers results that exceed expectations.
Malik is highly professional in his approach to trading. He meticulously analyzes market trends and implements strategic trading strategies to maximize profits while minimizing risks. His commitment to professionalism is evident in the consistent returns he generates for his investors. By staying up-to-date with the latest market developments, Malik ensures that his investment decisions are well-informed and based on thorough research.
your ezoptions link is not working.
By learning Supply & Demand & Volume, I was able to finish the 5ers challenge.
I completed the The5ers prop challenge using MACD and S&R.
Trade The Pool stocks account was successfully passed using trendline breakout.
VWAP is what I use while trading on my TTP stock prop account.
Trendlines are useful for identifying the liquidity zone, and I use them when trading in my The5ers account.
Very nice brother amazing 😊
thank you the knowledge is very helpful for beginners like me
1:37 setup
You're all thieves, if your pumping ZaneOmar you stole 600USD from me. Look how they scam in the comments, click on their profiles (no activity), then they pump up ZaneOmar as if their not connected.
Its work only on 15 min candle
Is perfect
5 min its fail
-120 point
🫡🫡🫡
How to make money on YouTube: Pick one of the thousands of indicators on TradingView. Claim that you've found a secret indicator that gives 900% profits. Show the one time it worked perfectly. Profit and repeat.
This or LuxAlgo's trendlines with breaks are perfect if you know how to operate. Very good. If you add Boolinger and RSI stochastic it is perfect.
Larsson indicator is the best
All these videos without a proper bscktest is nothing but absolute junk
Useless😢
thanks
Very engaging. Tried many trading EA/Indicators out there none works out well, can someone recommend any, my finance is draining by the management of wrong people
Oh hello ai man,
I hope people don’t sign up to this. Maybe you can learn English that would be cool.
Please do not take anything seriously here.
Nowhere near "100%" – Shouldn't be claiming that in a video about trading.
Hi
What is your Gmail address?
This channel has sold out and its a real shame. Used to give fantastic content, now its just an EzAlgo shill
What technique are you using?
I use the UFO technique learned in the nfc community.
Can i please ask if you are using Period 20 0r 10 and what extend setting are you using please? Thanks.