4x Profit in a long term trend

4x Profit in a long term trend 300 169 Minimalist Trading – Best Trading Indicators for TradingView

4x Profit in a long term trend

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Introduction

Today we’re looking at another trading setup using our technical indicators, which are considered to be among the best indicators for TradingView. In particular, we’re using the Advanced Signal Bars in combination with a simple moving average.

This is one of the best trading indicators combination because we are able to combine the known benefits of moving average trading with the traditional reliability of the Advanced Signal Bars.

Trade setup – 9 Nov 2016

4x Profit in a Long Term Trend Setup 1

The price action shows that we might be at the beginning of a new major uptrend.

Moreover, the price currently offers a buy setup because it satisfies the following two conditions:

    1. The price is above the Moving Average
    2. The price broke to the upside the red horizontal line drawn by the Advanced Signal Bars

Because of this, we place our order with a 1:1 Risk-Reward.

Trade update – 15 Nov 2016

4x Profit in a Long Term Trend Setup 2

The first trade is over and we just got a second trading opportunity, identical to the previous one so we take this one as well.

Trade update – 21 Nov 2016

4x Profit in a Long Term Trend Setup 3

The second trade is over as well and we are now at 2x profit during this uptrend. Let’s see if we can get at least another trading opportunity.

Trade update – 23 Nov 2016

4x Profit in a Long Term Trend Setup 4

Here comes the third. Same trading setup with a 1:1 risk-reward.

Trade update – 30 Nov 2016

4x Profit in a Long Term Trend Setup 5

The third trade reached the target as well so we are now at 3x profit. Usually, during a major uptrend, we get at least three profitable trades so we must pay attention because the upcoming price action could signal a trend reversal and we might end up with a losing trade.

Trade update – 15 Dic 2016

4x Profit in a Long Term Trend Setup 6

We got a fourth trading setup and we traded it successfully. So we’re now sitting on a 4x profit which is very great.

Trade closed / Uptrend is over – 29 Dic 2016

4x Profit in a Long Term Trend Setup 7

It looks like the uptrend is now over so we consider the series of trades final.

By following the easy forex strategy described above, we closed the trade with a 4x profit in a long term trend, and considering we are typically able to achieve similar returns, it makes this a very consistent FX strategy.