A minimalist trading strategy is an approach to trading that emphasizes simplicity and avoids unnecessary complexity.

This type of strategy can be particularly useful for traders who are looking to streamline their approach to the markets and focus on only the most important elements.

The best thing?

If you are really committed to mastering it, then it’s very simple to learn!

Here are the five key elements of a minimalist trading strategy, along with practical examples that you can immediately start applying to your TradingView strategy.

1- Use a limited number of indicators

Rather than relying on a wide range of indicators, a minimalist trader will only use a few high-quality indicators that provide great support for his trading strategy. This helps to reduce clutter and makes it easier to interpret the data.

For example, among the best TradingView indicators, you might want to try the Levels and Zones, which automatically displays in real-time the major support and resistance levels and their corresponding buy and sell zones, or the RSI Exhaustion which works incredibly well in identifying new trends, trend reversals, and the overall strength of any trend.

By limiting the number of indicators, a minimalist trader can avoid getting overwhelmed by too much data and stay focused on the most important information.

2- Simplify your trading setup

A minimalist trading setup should be easy to understand and implement, with clear rules for entering and exiting trades. This can help to eliminate confusion and ensure that you are consistently following the plan.

For example, if you like to trade breakouts, you might want to use a simple trading strategy that involves buying when the price breaks above a resistance level and selling when it falls below a support level.

By keeping your trading setup straightforward, as a minimalist trader you will avoid overcomplicating your approach and will stay focused on executing your trades with discipline.

3- Don’t overtrade

Minimalist traders avoid taking unnecessary trades and focus on being selective in the opportunities they choose to pursue. This can help to minimize commission costs and reduce the risk of making impulsive, emotional decisions.

For example, as a minimalist trader, you might want to only take a few high-quality trades per day, rather than trying to trade countless times per day.

By being selective in your trades, you can increase your chances of success and avoid getting bogged down by too many losses.

4- Keep your trade management simple

Rather than using complex trade management techniques, as a minimalist trader you might use simple strategies like stop-loss orders to manage your trades. This can help to keep things straightforward and avoid overcomplicating the process of managing multiple open positions.

For example, on your TradingView chart, set a stop-loss order at a certain percentage below your entry price or below a major support to minimize potential severe losses on a single trade.

By using very simple trade management techniques, you can stay focused on the overall strategy and you will avoid getting bogged down by the details.

5- Avoid being swayed by market noise

As a minimalist trader, you don’t get caught up in the hype or media speculation about the markets, and instead, you remain focused on your own analysis and trading strategy.

You might ignore news events or market rumors that don’t align with your strategy and stick to your plan even when the market is volatile.

By ignoring distractions and staying focused on your own analysis, you can make more informed, disciplined decisions and so improve your chances of success.

To conclude, a minimalist trading strategy can be an effective approach for those traders who want to streamline their approach to the markets and focus on only the most essential elements.

By following the principles outlined above, you can maintain a clear, focused approach and increase your chances of success in the markets.