VETUSDT | 30M | Heikin Ashi Candles | 27% profits in 2 days
30 Min Back tests: You could have Potentially earned around 27% profits if you focused on just VET using Heikin Ashi Strategy on the 30 Min time frame only for 2 days.
Thank you. Please share your thoughts, like, & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see information below notes below
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***Heikin Ashi Trading Rules***
ENTRY: wait until the script signals for a trend change candle(small bodied candle with up & down wicks). you will see a green arrow underneath.
Now wait until the second green candle(wick on top) to form before entering into position. This is confirmation of trend change. You can also enter if the first green candle is bullish(body with top wick only)
EXIT: Wait for a red trend change candle signal, sell at the next red candle with wick on bottom. If you want to take profits on the first red, it's up to you.
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***Lessons Learned***
- Using bigger time frames cuts out all the buy/sell noise. For smaller time frames(5min), I found it beneficial to also use Stoch RSI, MACD, Vol, MA Cross indicators to confirm entries so that you're not constantly trading in and out. I would advise against trading on the 5min using Heikin Ashi Strategy, It's just too tedious and time consuming.
- Stay Disciplined and you shall be profitable. Don't chase the trades, Let them come to you. If you miss out, there's plenty more opportunities. Wait for the next trend change. This technique can be applied on all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
- This style makes trading comfortable and relaxing if you trade in the bigger timeframes, 30 min and above. For more price action and to gain more satoshi/USD out of the trades, trade in smaller time frames from 5min, 15min, 30min, & 1hr. I will tell you, if you're a busy person in your everyday life, trading on the 5min and 15min is not ideal.
- SET STOP LOSSES and when in profit SET TRAILING STOP LOSSES
***Heikin Ashi Script***
- Trading view Script from BOBTARHEEL- HOW TO ADD: go to link and add to favorites, then go to indicators and search for HA COLOR CHANGE, add indicator. For alerts, go to alerts and choose HA COLOR CHANGE in the drop down menu. CLICK PICTURE
- Website to learn: tradingstrategyguide...eiken-ashi-strategy/
Thank you. Please share your thoughts, like, & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see information below notes below
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***Heikin Ashi Trading Rules***
ENTRY: wait until the script signals for a trend change candle(small bodied candle with up & down wicks). you will see a green arrow underneath.
Now wait until the second green candle(wick on top) to form before entering into position. This is confirmation of trend change. You can also enter if the first green candle is bullish(body with top wick only)
EXIT: Wait for a red trend change candle signal, sell at the next red candle with wick on bottom. If you want to take profits on the first red, it's up to you.
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***Lessons Learned***
- Using bigger time frames cuts out all the buy/sell noise. For smaller time frames(5min), I found it beneficial to also use Stoch RSI, MACD, Vol, MA Cross indicators to confirm entries so that you're not constantly trading in and out. I would advise against trading on the 5min using Heikin Ashi Strategy, It's just too tedious and time consuming.
- Stay Disciplined and you shall be profitable. Don't chase the trades, Let them come to you. If you miss out, there's plenty more opportunities. Wait for the next trend change. This technique can be applied on all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
- This style makes trading comfortable and relaxing if you trade in the bigger timeframes, 30 min and above. For more price action and to gain more satoshi/USD out of the trades, trade in smaller time frames from 5min, 15min, 30min, & 1hr. I will tell you, if you're a busy person in your everyday life, trading on the 5min and 15min is not ideal.
- SET STOP LOSSES and when in profit SET TRAILING STOP LOSSES
***Heikin Ashi Script***
- Trading view Script from BOBTARHEEL- HOW TO ADD: go to link and add to favorites, then go to indicators and search for HA COLOR CHANGE, add indicator. For alerts, go to alerts and choose HA COLOR CHANGE in the drop down menu. CLICK PICTURE
