I Found a New Artificial Intelligence Indicator Combination for Profitable Trading
Are you looking for a trading strategy that will turn you profitable in no time? Look no further! I have discovered a new artificial intelligence indicator combination on TradingView that will revolutionize your trading experience. These tools have a machine learning mechanism that collects data from the past and improves signal quality over time. In this detailed tutorial, I will show you my personal strategy using these indicators to identify highly profitable buy and sell signals in any market.
Overview of the Strategy
The strategy I am about to share with you is so accurate that it barely gives any losing trades. Trust me, you don’t want to miss this opportunity. It is important to note that this trading strategy can be used for trading cryptocurrencies, stocks, futures, and major forex pairs. The best time frames for this strategy are 5 and 15 minutes, but it can also be applied to longer time frames such as 1 hour and 4 hours. Currently, I am viewing the Bitcoin price chart on the 15-minute time frame.
Indicators Used
The trading method I’m about to teach you consists of two free indicators. The first indicator you need to add to your TradingView account is the “Hybrid EMA Algo Learner.” This innovative AI-based trading indicator utilizes a KNN-inspired algorithmic approach alongside traditional exponential moving averages for more nuanced analysis. The script generates a 50-period short-term EMA and a 200-period long-term EMA to provide trend-following capabilities and identify long-term market bias.
The Hybrid EMA Algo Learner indicator has a scale from 0 to 100, where readings above 85 indicate a strongly overbought market and readings below 15 indicate a strongly oversold market. The indicator helps identify extreme movements and periods of consolidation in the market. You can customize the number of neighbors and the look-back period in the indicator’s inputs to adapt to different time frames and markets.
To complement the Hybrid EMA Algo Learner, we will add another confirmation indicator called the “Ultimate Buy and Sell Indicator” by Sherlock Mcgyver. This versatile indicator provides excellent buy and sell signals, spots periods of consolidation, and high buying and selling pressure. It mainly relies on the RSI indicator with Bollinger Bands for signals and offers a wide range of customization options for advanced traders.
The Ultimate Buy and Sell Indicator creates two types of signals: watch signals and buy/sell signals. Watch signals are various Bollinger band crossing events, while buy/sell signals are generated based on the outcomes of the watch signals. The indicator utilizes complex logic to handle alternating signals and different signal types to ensure accuracy in trading decisions.
Trading Rules
For Long Trades:
- Hybrid EMA Algo Learner line crosses below 15
- Receive a Buy Signal from the Ultimate Buy and Sell Indicator
- EMA reading remains below 15 at the time of the signal
- Place stop loss below the lower Bollinger band
- Set a fixed profit target
For Short Trades:
- Hybrid EMA Algo Learner line crosses above 85
- Receive a Sell Signal from the Ultimate Buy and Sell Indicator
- EMA reading remains above 85 at the time of the signal
- Place stop loss above the upper Bollinger band
- Set a fixed profit target
Remember, you can modify these rules based on the markets and time frames you trade on. It’s essential to adapt the strategy to suit your trading style and risk tolerance.
Now that you have a clear understanding of the strategy and trading rules, it’s time to backtest it on real market data. As shown in the backtest results for Bitcoin on the 15-minute time frame, the algorithm performs exceptionally well with minimal losing trades.
If you’re interested in automating this profitable trading strategy, you can easily create a trading bot on Pionex, a leading cryptocurrency exchange for algorithmic traders. In my previous videos, I explained the step-by-step process of creating a trading bot using this strategy. If creating your bot is too complex, don’t worry. Pionex offers dozens of highly profitable algorithms for free that you can use to enhance your trading experience.
Don’t miss out on this incredible opportunity to improve your trading performance with artificial intelligence indicators. Start implementing this strategy today and watch your profitability soar! Check out Pionex for a seamless trading experience. The link will be provided in the comments.