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Heikin Ashi doesn't represent true price values. The profitability may be higher on Heikin Ashi, but when it gives you a buy signal on HA, it might be a bad signal for the true chart.
Hello sir am from CAMEROON your videos are very educational. They've helped me alot. Am still a beginner's trader still trying to raise that $50 to a better amount. I already subscribed and am liking all your videos and commenting on all of them 😂 your just so a great teacher. Thanks again
Not taking that long trade at 9:25 does fit your rules, however, there is a good probability for a long trade there. I call them 3 star trades. Criteria: 1. MA's are far apart. Price has closed above the blue MA. 2. There has been a strong move to the downside. Look left for support. 3.The last 3 lows are accompanied by strengthening RSI. 4. Put your stop where you feel comfortable. 5. Slap on a 8SMA and stay with the long until the 8 is violated. If you did not use the 200 MA, there would be no reason not to go long. The matching Blue/Green candles and MA are a long signal. I look at price either being repelled from the 200 or drawn back. NO disrespect intended. For me, these types of reversal trades are often very profitable if you find supportive evidence to take them. Cheers!
I also have to say, the reason I am doing cartwheels because of your indicator strategies, is because i don’t feel that my TA ( determining Continuation or Reversal patterns etc) by itself is objective or strong enough. These signals, if I check them all, remove any bias etc that I may have. Again, thank you.
Even the creator of this Neural Network told not to use Heikin Ashi as it gives unrealistic results in backtesting. But clicks and views are more important than realistic results, right?
I would like to trade with inside my Roth IRA so I am looking for an indicator that will work good on a two week timeline. Any recommendations for an indicator like that?
Needs proper back testing but first impressions are very good, nice to see it doesn’t give too many signals. I’m a big believer in the RSI 50 line, I use it in the strategies I use
@@MyTradingJourney Zac Vaughn ,neural network strategy is. It on trading view anymore where and how can I find it and add it to my charts on trading view please assist !
Good day. I'm trying to figure out some small confusions I have with this strategy. Short: Price below 200 EMA (blue line; not the thick line that's blue and red correct?) - does the thick line need to be red? Rsi BELOW 50 Strong short signal Buy: Line above the 200 EMA (BLUE line) and does the thick line have to be blue? Rsi ?is it above or below 50 now? Strong buy signal Please clarify these. Thanks! Loving the videos and subbed
thanks mate, I am watching your all videos one by one, and I have made my own salad with different indicator combinations that in addition give more solid decision making tool- lol. My question is: what if price just moved up (touched) the line of EMA, and showing signal to buy along with all parameters you have mentioned with other indicators combined? Can we enter this trade of we better to wait when candel closes above EMA line? thanks a lot in advance for your reply.
Love your videos. Better than bingeing GOT 😂. I’m clearly still wet behind the ears, but can indicators that you say use for Scalping be used for longer timeframes
Heikin Ashi candles DO repaint based on the next candle. So don’t rely on backtesting data that tradingview shows. I learnt it the hard way, so don’t do the same mistake. Try to find strategies that gives you better results with the regular candlesticks.
@@projekktmonarch5766 no. I mean, strategies with heikin ashi candles can only be forward tested. Back test results are never realistic with heikin ashi candles.
Hi , I think the Neural Network indicator is unavailable now on the Trading View customer indicator list. Pl let me know if there is any alternative, or if you can share me the pine script of the Indicator, thx.
For 1min Timeframe try this out: Use the Indicator without EMA 200 but with EMA 21. Then use RSI (14) but only show the 50% line on it. Now if RSI line cross below 50% AND the two lines on chart turn red, you took sell entry. SL must be very tight (50-60pip on gold). You exit trade if all turn into green and RSI cross over 50%. Then you go buy. You will have some losses but RR will be very high often, so you will make good profits. Go backtest it and tell me about your results :)
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Why you didn’t show us a live trade? Those buy & sell signals will show after few candles… it will not show right a way…. Please show us a live trade so we can understand properly. Thanks
Is there a way to get this for mt4/5? All the brokers and prop firms I’m interested in don’t use TradingView. It’s a great indicator but I haven’t found a way to use it yet. Any suggestions?
Hey mate :) I appreciate you sharing your knowledge in trading! Ive only recently started trading crypto. And I find your information and strategies are really good and you explain everything clearly.. Thanks mate! Subscribed 👍 From New Zealand 🙂
and one more request, more or less we know know when to enter the trade, but what about existing? what signs should we follow? weaking candle for example? If you could make short video about this topic would be great, thanks a lot again.
So i watched ETH on the 1m it never gave a short tag, but it dropped about $100. I watched it drop for 20 minutes waiting for a short label to appear. It never did appear during my time watching. After about 20-25 minutes the Short label now appeared back where i thought it should have. That doesn't do any good as every back test will always look good, but if the indicator doesn't tell you this within a couple of minutes its worthless IMHO.
Great video here. I appreciate ur efforts in letting us know these rare indicators that are available for free. It doesn't harm for us to give it a try. Having said that could you please clarify on whether to take the trade even if long/short label doesn't show up. There are times that the labels don't appear but the conditions align together. Thanks in advance.
Thanks for watching. All depends on your trading style and experience. I’m super selective of my trades and that’s why my win percentage is really high so i don’t get in unless i get a strong signal
love this im trying this method right now. Is it better if the entry is right under (short) over (long) 50 on the RSI I found some possible entrys to short and its below the ema and the neural line is red but the rsi is supppper low
Hello Sir. Nice video and a good work you put in there, I must say. But i would like to ask pls.Do your strategies work on futures trading? I have tried a couple of them on binance futures trading, but they are not accurate. If yes, pls explain better which to use with the best time frame to use it on. thanks
@@MyTradingJourney Oh i See(I wonder why though?)Could you pls recommend a better exchange you use from your trading experiences. And pls sir, if you don't mind, could you pls do a strategy that works for futures. Am sure this would be helpful and great especially for folks in my location(West Africa, Nigeria) who don't have much options pls. Would be very glad... Good work and Thanks alot.
This indicator uses a bunch of different metrics when it calls out signals. I'm not sure exactly what those are. I've used it and when all of the indicators line it, it has been profitable for me. The signals done come often, but when they do, it's pretty solid.
@@MyTradingJourney ok I see. Thanks. I'll practice with this in my paper trading account 1st. I just want to clarify, when you enter the trade you enter a market order correct? Or do you set a limit order? And you enter on the open of the next candle after the signal correct?
This is not a strategy. This is playing follow the leader. A strategy actually tells people what to look for in a future lineup of a positive entry point. As strategy tells you that if your charts look a certain way at the current time you can predict when and where an entry point will be so you don't have to sit there and stare at the chart for 1 minute 1 minute 1 minute 1 minute. This is simply playing follow the leader. When you see it tell you to enter you wait for the next candle and you enter. That is not a strategy
You should create a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'll really love to know how to such substantial profits especially in this current market situation.
@@enebz3746 lmao. "i can't do it so nobody should" would be a sad world if that's how it were.. This strategy is actually decent. Not great, not terrible. Paired with a risk averse individual it can work
You should let people know the indicator has been pulled by its author. Apparently he is too big for his britches to share something that would help others.
funny, you simply ignore the false signals that would put you in a loss at Realtime trading. make a video livetrading this strategy and show your profit. i its easy to talk about the past and ignore the false signals.
Did you read the message from TV when using Heiken candles in a strat the results aren’t realistic. Otherwise we’d all be billionaires. Do your homework before you tell newbies how to backtest. Btw….I think you’re a cool dude and like your other vids ;)
![BEST Heiken Ashi Strategy For Day Trading Forex [FOREX TRADING FOR BEGINNERS]](http://i.ytimg.com/vi/vy9cqt4rn_Q/mqdefault.jpg)
![BEST Heiken Ashi Strategy For Day Trading Forex [FOREX TRADING FOR BEGINNERS]](/img/tr.png)
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anyone had the scripts please share it . this indicator its not on trading view
Heikin Ashi doesn't represent true price values. The profitability may be higher on Heikin Ashi, but when it gives you a buy signal on HA, it might be a bad signal for the true chart.
If you add the True Price Dots on the chart to display with the HA candles, you get the best of both
Hello sir am from CAMEROON
your videos are very educational.
They've helped me alot.
Am still a beginner's trader still trying to raise that $50 to a better amount.
I already subscribed and am liking all your videos and commenting on all of them 😂 your just so a great teacher.
Thanks again
Not taking that long trade at 9:25 does fit your rules, however, there is a good probability for a long trade there. I call them 3 star trades.
Criteria:
1. MA's are far apart. Price has closed above the blue MA.
2. There has been a strong move to the downside. Look left for support.
3.The last 3 lows are accompanied by strengthening RSI.
4. Put your stop where you feel comfortable.
5. Slap on a 8SMA and stay with the long until the 8 is violated.
If you did not use the 200 MA, there would be no reason not to go long. The matching Blue/Green candles and MA are a long signal. I look at price either being repelled from the 200 or drawn back.
NO disrespect intended. For me, these types of reversal trades are often very profitable if you find supportive evidence to take them. Cheers!
I also have to say, the reason I am doing cartwheels because of your indicator strategies, is because i don’t feel that my TA ( determining Continuation or Reversal patterns etc) by itself is objective or strong enough. These signals, if I check them all, remove any bias etc that I may have. Again, thank you.
Even the creator of this Neural Network told not to use Heikin Ashi as it gives unrealistic results in backtesting. But clicks and views are more important than realistic results, right?
Good strategy. Neural network from the guy you spoke of is no longer there. There is one but unknown producer. Is that still valid to use? Thanks
love this. testing it out today in just a couple of minutes
If i dont want to do short trades. Can i change the indicator long to buy and short to sell. Its the same thing right?
thank you - from the tests, that I made so far, the win rate is high :-)
here a dedicated RSI indicator with the same parameters as the original,
but painted in green - red :-)
//@version=4
study(title="Coloful RSI - 1min scal", shorttitle="ColRSI-1m sc", format=format.price, precision=2, resolution="")
len = input(14, minval=1, title="Length")
src = input(close, "Source", type = input.source)
ob_level = input( defval=50, title="Over Bought", type = input.integer, minval=50, maxval=99 )
os_level = input( defval=50, title="Over Sold", type = input.integer, minval=1, maxval=50 )
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
[ rsi_color, line_width ] = if( rsi > ob_level and rsi[1] > ob_level )
[ #1aff66, 2 ] // green 1aff66
else if( rsi < os_level and rsi[1] < os_level )
[ #ff5c33, 2 ] // red ff5c33
else
[ color.silver, 1 ]
rsi_plot = plot( rsi, "RSI", color=rsi_color, linewidth=1 )
plot( 50, "50", color=#787B86, style=plot.style_stepline, linewidth=3 )
thanks, this helped me :)
nice work!
Love this!
I would like to trade with inside my Roth IRA so I am looking for an indicator that will work good on a two week timeline. Any recommendations for an indicator like that?
Needs proper back testing but first impressions are very good, nice to see it doesn’t give too many signals. I’m a big believer in the RSI 50 line, I use it in the strategies I use
That’s awesome. The 50 is good too but I’m a fan of the longer 200
This neural network is not on trading view anymore how can I get this strategy any help for me please !
@@MyTradingJourney Zac Vaughn ,neural network strategy is. It on trading view anymore where and how can I find it and add it to my charts on trading view please assist !
Thanks for this video I was one of the one's requesting the 1 min time frame for crypto great job.
You’re welcome
Good day. I'm trying to figure out some small confusions I have with this strategy.
Short:
Price below 200 EMA (blue line; not the thick line that's blue and red correct?) - does the thick line need to be red?
Rsi BELOW 50
Strong short signal
Buy:
Line above the 200 EMA (BLUE line) and does the thick line have to be blue?
Rsi ?is it above or below 50 now?
Strong buy signal
Please clarify these. Thanks! Loving the videos and subbed
I don't see the Neural Network indicator by Zac Vaughn in the indictors which you have shown.
Please let me know how to get it.
thanks mate, I am watching your all videos one by one, and I have made my own salad with different indicator combinations that in addition give more solid decision making tool- lol. My question is: what if price just moved up (touched) the line of EMA, and showing signal to buy along with all parameters you have mentioned with other indicators combined? Can we enter this trade of we better to wait when candel closes above EMA line? thanks a lot in advance for your reply.
Love your videos. Better than bingeing GOT 😂. I’m clearly still wet behind the ears, but can indicators that you say use for Scalping be used for longer timeframes
Thank you so much.
You're welcome!
Heikin Ashi candles DO repaint based on the next candle. So don’t rely on backtesting data that tradingview shows. I learnt it the hard way, so don’t do the same mistake. Try to find strategies that gives you better results with the regular candlesticks.
@@projekktmonarch5766 no. I mean, strategies with heikin ashi candles can only be forward tested. Back test results are never realistic with heikin ashi candles.
kardeşim önerin nedir sen hangilerini kullanıyorsun? ben de epey zarardayım
Hi , I think the Neural Network indicator is unavailable now on the Trading View customer indicator list. Pl let me know if there is any alternative, or if you can share me the pine script of the Indicator, thx.
Try changing EMA pressure setting to 10 and run the strategy tester 😀
@Logan Askin no forget it, the strategy tester results are garbage as it’s based on helkin ashi candies, so it is very misleading
I’m a try this out!
Good luck!
For 1min Timeframe try this out:
Use the Indicator without EMA 200 but with EMA 21. Then use RSI (14) but only show the 50% line on it.
Now if RSI line cross below 50% AND the two lines on chart turn red, you took sell entry. SL must be very tight (50-60pip on gold). You exit trade if all turn into green and RSI cross over 50%. Then you go buy.
You will have some losses but RR will be very high often, so you will make good profits.
Go backtest it and tell me about your results :)
Okay here’s an update: it works better together with 200 EMA to filter noise. Very nice Video :) thank you for showing us this indicator
@@Lunaloop92 are you still using this strategy?
New Subscriber! Awesome content man.
Thank you!
This really nice setups
Hello, thank you very much for everything you contribute. What is the configuration of each indicated for 15 minutes?
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Can you make a video using stochastic rsi in 1 min time frame
Why you didn’t show us a live trade? Those buy & sell signals will show after few candles… it will not show right a way…. Please show us a live trade so we can understand properly. Thanks
Always love you videos and they have helped me gain lot of knowledge than I had before.... hope to be seeing more amazing videos from you.
Thank you.
Thank you so much!
Which broker do you use for forex?
Is there a way to get this for mt4/5? All the brokers and prop firms I’m interested in don’t use TradingView. It’s a great indicator but I haven’t found a way to use it yet. Any suggestions?
do you know if we can make a bot, trading automated using the signals generated by this strategy on an exange?
THIS GOOD FOR ANY FOREX EXCHANGE OR SPY 500?????
what are you setting for take profit or exit point when heikin ashi turns green or just risk reward level?
For this particular strategy, i keep an eye on momentum and not have a set take profit
Thank you from bottom of my heart ❤️
You are most welcome 🙏🏽
Hey mate :)
I appreciate you sharing your knowledge in trading!
Ive only recently started trading crypto. And I find your information and strategies are really good and you explain everything clearly..
Thanks mate! Subscribed 👍
From New Zealand 🙂
Welcome aboard!
Nice video, do you know how to setup a tradingview alert based on this indicator?For the moment there is no possibility to do it on Tradingview.
i made an alarm for when the line crosses the rsi 50 mark! that kind of correlates with long and short signals
and one more request, more or less we know know when to enter the trade, but what about existing? what signs should we follow? weaking candle for example? If you could make short video about this topic would be great, thanks a lot again.
So i watched ETH on the 1m it never gave a short tag, but it dropped about $100. I watched it drop for 20 minutes waiting for a short label to appear. It never did appear during my time watching. After about 20-25 minutes the Short label now appeared back where i thought it should have. That doesn't do any good as every back test will always look good, but if the indicator doesn't tell you this within a couple of minutes its worthless IMHO.
Thank you brother for profitable info.
Welcome!
Great video here. I appreciate ur efforts in letting us know these rare indicators that are available for free. It doesn't harm for us to give it a try. Having said that could you please clarify on whether to take the trade even if long/short label doesn't show up. There are times that the labels don't appear but the conditions align together. Thanks in advance.
Thanks for watching. All depends on your trading style and experience. I’m super selective of my trades and that’s why my win percentage is really high so i don’t get in unless i get a strong signal
@@MyTradingJourney alright. Understood. Thanks for the reply though... 😊
Do I need the paying platform to get that indicators? Because on binance I dont have access to the neural network.
thank you.
You can get these on the free TradingView account as well
Looks great. Would u know if this will work on futures pls
I don't trade futures so not sure
you told that you dont scalp very often. My I ask you whats your personal trade strategy?
Thanks a lot for sharing! Smashed the thumb button
I don’t scalp the 1m very often. I do scalp the 5m a lot. I personally like to sell weekly options and covered calls
love this im trying this method right now. Is it better if the entry is right under (short) over (long) 50 on the RSI I found some possible entrys to short and its below the ema and the neural line is red but the rsi is supppper low
What is the other Indicator u have on here changes colors???
Any good indicators for when the markets r range bound in the afternoon?
Is it able to use on 5min scalping ? Or need to change any settings with this indicator strategy?
I don’t change the settings myself but make sure you backtest to see if the pattern works for your style
Would QQE Mod work in place of RSI?
I love your videos bro, but in this one I got lost with the shorts. How you get profits when goin down ? Or how is it?
Thanks man! It's the opposite of buying long. Instead of buy low and sell high, you sell high first and then you buy low to exit the trade.
@@MyTradingJourney sorry man still can’t understand. So I have to have money invested before to use that strategy?
@@fernandobenitez4311 Depending on your broker, they usually require a margin account to be able to short equities.
ur in the wrong channel this is for trading
Tradingview does not have real time data how do you do this on there?
ummmm....it does have real time data. It's not delayed
How do you enter trades using Heiken Ashi?
Great video. For scalping, do you personally like this method, or the other video using the Parabolic Sars/200 EMA/50 RSI 5 min scalping method?
For the 1 min I like this one. I like the parabolic sar 200 ema strategy for scalping 5 min timeframe
Thank you! I’ve enjoyed your videos and found them helpful
Hello Sir. Nice video and a good work you put in there, I must say. But i would like to ask pls.Do your strategies work on futures trading? I have tried a couple of them on binance futures trading, but they are not accurate. If yes, pls explain better which to use with the best time frame to use it on. thanks
I don't use binance and don't trade futures so not sure if they work there or not.
@@MyTradingJourney Oh i See(I wonder why though?)Could you pls recommend a better exchange you use from your trading experiences. And pls sir, if you don't mind, could you pls do a strategy that works for futures. Am sure this would be helpful and great especially for folks in my location(West Africa, Nigeria) who don't have much options pls. Would be very glad... Good work and Thanks alot.
Does this work on gold and indices?
It sure does. Be sure to backtest it yourself first.
Another great video man! I dig your videos and love scalping! Do you prefer this over the SSL indicator?
The ssl is too noisy at the 1 min timeframe. This works better for such a short timeframe for me
@@MyTradingJourney yeah I could see that. I’m really liking the Parabolic SAR strategy lately seems pretty good overall.
Can you use it on 15 minutes. 30 minutes and one hour chart?
I use it on other time frames too
does this work on the 5m and 15m as well?
It could. Be sure to backtest it first.
I am a bit confused - It shows long for that small time period and when it flushed it didn't say short again .... can you explain?
This indicator uses a bunch of different metrics when it calls out signals. I'm not sure exactly what those are. I've used it and when all of the indicators line it, it has been profitable for me. The signals done come often, but when they do, it's pretty solid.
8:35 you can't ignore the long signal, it meets all conditions before the short which makes less sense than the long signal:,'(
Hi, new subbie here! Thanks for the strategy. How long have you tested this strategy out?
I don’t remember how long. I don’t scalp 1 minute charts very often but when I do, this is one of the main strategies I use.
@@MyTradingJourney ok I see. Thanks. I'll practice with this in my paper trading account 1st. I just want to clarify, when you enter the trade you enter a market order correct? Or do you set a limit order? And you enter on the open of the next candle after the signal correct?
Alot ❤️
Thanks!
I couldn't find a neutral network in trading view
Explain strategy 3:25
Try using bid and offer prices and limitations markets impose on orders and you will find your 1 minute dont work with real money!
anyone had the scripts please share it . this indicator its not on trading view
Seems to pick good entries. But the taking profits is too fuzzy for most people.
This is not a strategy. This is playing follow the leader. A strategy actually tells people what to look for in a future lineup of a positive entry point. As strategy tells you that if your charts look a certain way at the current time you can predict when and where an entry point will be so you don't have to sit there and stare at the chart for 1 minute 1 minute 1 minute 1 minute. This is simply playing follow the leader. When you see it tell you to enter you wait for the next candle and you enter. That is not a strategy
lol...okay
You should create a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'll really love to know how to such substantial profits especially in this current market situation.
@Paulson Becks Hello, how can one get in touch with a professional broker, any recommendations?
Hi
I checked, tested, and this setting is not that accurate for trading. There are a lots of FAULT signals and could lead to losing money!
what would you suggest then for scalping since this isn't accurate in your opinion?
@@travisdupree2536 Don't scalp at all. It's too risky.
@@enebz3746 lmao. "i can't do it so nobody should" would be a sad world if that's how it were.. This strategy is actually decent. Not great, not terrible. Paired with a risk averse individual it can work
You should test or do some real trades to see if this setting is good or not before showing us. Please don't try to get views or subs.
Hmmmm… ok lol
You should let people know the indicator has been pulled by its author. Apparently he is too big for his britches to share something that would help others.
You know the hiken ashi candles lie right? The improvement you get from changing to hiken ashi is not real
That’s so dumd- I’ve seem in your screen a few longs where everything lined up but the price did not go up.. and you ignored them
ey
Thanks for watching!
funny, you simply ignore the false signals that would put you in a loss at Realtime trading. make a video livetrading this strategy and show your profit. i its easy to talk about the past and ignore the false signals.
lol..ok
@@MyTradingJourney exaclty. lol!
Too many false signals
Shorter time frames have a lot of market noise
Did you read the message from TV when using Heiken candles in a strat the results aren’t realistic. Otherwise we’d all be billionaires. Do your homework before you tell newbies how to backtest. Btw….I think you’re a cool dude and like your other vids ;)
Rubbish strategy
t es un toxicomane mec ? pinaise mais t es d un chiant a suivre serieux .
Please people don't use those candles, these are not reliable...
if you want to spent hours in front of the chart with no result just try this strategy with crypto. amazing. waste.
would this work for HFX?