This new AI based trading view indicator will blow your mind!
Introduction
If you’re a trader looking for a high win ratio strategy that has generated over $1600 in profit in just four weeks, then you’re in the right place. The AI engulfing candle indicator is a game-changer with an 81% win rate and a drawdown of only 4%. In this article, we’ll dive into how this indicator works and how you can use it to maximize your trading profits.
Backtesting
Before diving into the details of the AI engulfing candle indicator, it’s essential to emphasize the importance of backtesting. Whether you’re a beginner or an expert trader, backtesting every strategy you plan to trade with is crucial. While manual backtesting is an option, using a tool like Trader Edge can help save time and provide more accurate results. With a simple setup, you can set your initial account size and profit/loss per trade. Trader Edge offers a free trial and valuable bonuses, making it a must-try for traders.
Using the AI Engulfing Candle Indicator
To add the AI engulfing candle indicator to your trading view chart, simply click on the indicators menu and search for “AI engulfing candle.” This indicator prints red and green labels to signal when to buy and sell based on bullish and bearish engulfing price bars. What sets this indicator apart is its use of the relative strength index (RSI) to filter out signals in ranging markets, resulting in more accurate trade entries.
Combining Indicators for Optimal Entries
To further enhance the accuracy of trade entries, you can combine the AI engulfing candle indicator with the Fluid Trace SMC indicator by PMG jiv. By identifying supply and demand zones in the market, the Fluid Trace SMC indicator helps pinpoint key levels for potential reversals. By waiting for price bars to retest these zones and aligning them with the AI engulfing candle signals, traders can increase the probability of successful trades.
Entry Conditions
For a buy trade, wait for the price to retest the demand zone and receive a buy signal from the AI engulfing candle indicator. Place a buy order at the close of the price bar and set the stop loss slightly below the demand zone. As the trade progresses, adjust the stop loss to protect profits and maximize gains. The same principles apply for sell trades, with the focus on retesting supply zones and receiving sell signals from the indicator.
Examples and Application
By following these simple rules and incorporating the AI engulfing candle indicator into your trading strategy, you can take advantage of high-probability trade entries in various markets and time frames. Whether you’re trading cryptocurrencies, Forex, or stocks, this strategy can be adapted to suit your preferences and risk tolerance. Additionally, incorporating volume indicators and exploring new ideas can further enhance the effectiveness of this strategy.
Conclusion
The AI engulfing candle indicator offers a straightforward yet powerful approach to trading, with a high win rate and low drawdown. By combining this indicator with other tools and maintaining disciplined risk management, traders can maximize their profits and minimize losses. Remember to backtest any strategy before implementing it live and stay informed about new developments in the trading world. With the right tools and knowledge, success in trading is within reach.
Very grateful for coming cross this video. Fits perfectly with my model!
Wasn’t that a stop loss at 7:45 (that long wick down) or you consider when an actual candle closes below entry bar?
Wow cool, thanks for sharing, but I usually use the izone indicator in the nfc community.
Deceptive, dishonest BS clickbait title. Just as useless as the content. Reported.
This sort of bullshit marketing is what Reid new traders. There no such thing as AI trading as price is unknown. Only real-time order flow is what matters.
6:12 there is a sell entry you didn't take, because it's a loss😂
Very cool video. I am not the best trader i been using bots to trade for me but still dont always get into the best positions and makes what would be a super profitable bot to only a decently profitable bot. Going to test out these signals. Also subscribed keep up the good work!
why did you delete the indicator? wil they get back or where they not working?
Thank you very much for the video, Its truly amazing, I just have a couple of questions: 1- if the Hiken ashi candles are used it gives me more signals ? should I Trade them normally as well.
2nd question : if I have a signal but after that a small pullback happens then the demand zone is formed live. should I take that signal ?
wow I got this new knowledge, thanks for the technique I will use it later, now I use the unfilled order technique from the nfc community.
Anyone help how to add alert on Ai-engulfing candle signals
Anybody know how can we set an alert to the point where an engulfing candle appears?
The signal from this AI is not good, contrary to other technical indicators. If entering with small volume and small TP will be fine.
Do you know what else utilizes AI? Shiba Memu! a crypto token that combines AI and blockchain to create an unstoppable marketing force. Expect impressive growth and unstoppable success!
Does it work on ranging markets?
I realized this strategy is great for swing crypto on 1hr/2hr/4hr chart – and it is extra profitable!!!
What time frame is the chart set to?
what chart time frame should we use this with?
EXCELLENT JOB ! Thank's for share !!
ALERT ‼️ THIS IS A SCAM ‼️
Making convincing videos based on a history is easy.
The presented strategy looks promising, and I'm looking forward to backtest it myself. However, the way how the indicator / strategy is presented, is HEAVILY MISLEADING! Neither the indicator, nor the strategy is AI-based, also, it's not a "magic indicator" as you refer to it. It's just an RSI, which is a very default indicator, combined with some other factors (candlestick pattern and price action) to make up a strategy like thousands of other strategies. Also I heavily doubt the high win rate. It may be possible to get 80% win rate over a cherry picked series of historical data, but we cannot expect that high win rate to continue when increasing the sample size. Don't get me wrong: I like the strategy presented in the video, but I think the way of presentation is misleading and confusing, especially for trading-rookies.
….and , the prompt ?
Bro can you please tell me what pair are yiu using in this video
I tried with pepe/usdt 5' this morning 3:55 wrong signal and 5:20 (may be far from demand line). I will test again but I think this is not a great strategy, you have better in this channel