A Profitable Trading Strategy on TradingView: The Buy Sell Signal Indicator

Trading in the financial markets can be both exciting and challenging. However, many traders struggle to find a profitable strategy that consistently generates positive returns. In this video, we will explore a trading strategy on TradingView called the Buy Sell Signal Indicator, which claims to be profitable and easy to learn, even for beginners.

Before diving into the strategy, it is important to note that most people lose money trading because they fail to test their strategies thoroughly before using them in the real market. The speaker in the video emphasizes the importance of testing strategies and recommends using Trader Edge, a tool that allows traders to test their strategies without risking real money.

The core of the Buy Sell Signal Indicator strategy is the SSL Channel indicator, which displays the price range over a specific number of candles (typically 200 by default). This indicator provides valuable insights into the market trend. A green baseline indicates an upward trend, while a red baseline indicates a downward trend.

To further confirm the signals from the SSL Channel indicator, the strategy incorporates another indicator called the nsdt Hammer Candles. This indicator uses green and red colors to indicate bullish and bearish trends. It also features a customizable moving average line, which adds an additional layer of confirmation to the trading signals.

Now let’s delve into the buy and sell signals generated by this strategy:

Buy signals:

• The SSL Channel is green.
• The nsdt Hammer Candles are green.
• The moving average line is green and positioned above the price.
• The candlestick closes above all baselines and moving averages.

Sell signals:

• The SSL Channel is red.
• The nsdt Hammer Candles are red.
• The moving average line is red and positioned below the price.
• The candlestick closes below all baselines and moving averages. 

The speaker in the video claims that this strategy has a high win rate, with backtesting results showing an 81% success rate. Additionally, the strategy boasts a positive risk-reward ratio of 1.63. However, it is crucial to note that risk management plays a vital role in trading success. The speaker recommends only risking 4% of your capital per trade.

As with any trading strategy, it is essential to conduct your own research and due diligence before making any investment decisions. The information provided in this video is not financial advice, and the speaker explicitly states that they are not a financial advisor.

For those interested in implementing this strategy, the speaker shares some additional details in the video. They utilized a 15-minute time frame and conducted a two-month backtesting period to validate the strategy’s effectiveness. Furthermore, the Buy Sell Signal Indicator strategy can be applied to various markets, including stocks, forex, and cryptocurrencies.

The speaker encourages viewers to leave comments and suggestions below the video. Engaging with the trading community can provide valuable insights and foster a collaborative learning environment.

In conclusion, the Buy Sell Signal Indicator strategy on TradingView offers a potentially profitable approach to trading. However, it is important to approach trading with caution, conduct thorough testing, and practice proper risk management. Remember, successful trading requires continuous learning, adaptation, and the ability to make informed decisions based on your own research.