This Award Winning Trading Strategy Is INSANELY PROFITABLE - Hoffman System Proven 100 Trades
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- Опубликовано: 13 май 2024
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Yes the 45 degree angle rule is subjective but I do believe Rob Hoffman intended it to be less of an exact parameter and more of a "make sure there is a strong trend" sort of thing.
@Nick Zan I agree I could have said whether or not I think it is a good criteria for the strategy and why. As far as the pair tested goes that is always purely based on the individual request from a paying patreon subscriber so I am not choosing it based on my personal choice. Yes it would be ideal to do it how you suggest though.
have you tried with heikin Ashi?
Reset the chart and fix the ratio of the x and y axis. After that you can adjust the zoom to your liking. The option is under Scales>Lock price to bar ratio
also for me it's more effective to use the 45° line more like a trend line. I don't compare it with the slope of the ema, I just draw a second trend line parallel to the 45° line to check the actual trend and to look if the angle is over or under 45°, depending on if I'm short/long.
Yes people if you watch the 1 hour video of his, it is subjective and once you start to test it, you will see what works. It is a good strat.
Pro Tip that started my proffessional trading career, focus on risk management as your #1 priority. It is what seperates beginner traders from profitable ones, seriously. As a trader you should have 4 trade results, Big Win, Small Win, Break Even, and Small Loss. This concept will maximize your returns and its somthing I preach about! Good luck guys!
Your videos have helped me so much as a trader! Appreciate this tip!
100%
As someone who HAS lost money, this is the truest thing. I love trading and won’t ever stop, always learning, tweaking, testing.
Pro pro tip - eliminate the “break even” option. It indicates either getting into trades you’re not confident in and thus shouldn’t be in, or being uncomfortable with the risk size you entered with, which you should never be.
You should either hit your minimum take profit level, or let it hit your initial stop at your predefined risk, that you are happy to lose on a good setup.
Win big or small is all about profit taking strategy which is dependent on timeframe.
My acount have small wun and big loss but still profitable,coz my strategy have 90% win rate
Now should be the best time to buy and hold Bitcoin because it will soon come up to a standard rate which enough profits will be granted.
I'm so happy I just got into bitcoin trading and I made my first profits, I wish i know about bitcoin earlier I would have made a lot of money by now
Seriously for real bitcoin is a life changing business which can change anyone
Generally the world is now aware of bitcoin trade
Yes investing in bitcoin now should be at the top of every wise individual list
Some people stay out of investing or getting to try something new due to ignorance that's it.
Most people just log on to RUclips to get info on the stocks to pick, without basic understanding on portfolio selection and risk tolerance. Also get the best from a financial advisor and work on your investing tolerance and with time you'd be a grand master....
Please share 🙏
Am one of the Most luckiest person to see this
Right click on the chart and use reset chart (or press Alt+R). Go to the second tab from the left of the chart, select the 6-th item "trend angle" and draw a trend angle on the chart. Double click on that trend angle in the chart, go to "coordinates" tab and set angle to 45. For the other trend angle, set angle to -45. Find on the chart the area where 20 EMA is greater than 45 (or -45) angle. Then, you can zoom in and search for the right setup candles. Repeat the reset chart step to be shure that your 20 EMA is greater than 45 or less than -45 degrees angle. Thank you @Trade Pro.
thanks man
@Geneboie doesnt work because each user can have a different height width on the chart and there non mstchin "45" degree angles. Mathmaticaly and can be calculated by taking the atan (of the source [ like ema 29], linear slope, number of bars to detect the linear slope over) * pii...google the questuon how calcilat in degrees the slope of a line for examples. I do it in my own custom thinkorswim studies all the time
This is amazing. I started using this type of trading based on the doji candle extreme wick fills only a couple of months ago after going back and studying market architecture trying to find some design..or some trigger of longer trades at S and R and getting into them. I call them indecision candles. I did notice that when either the top or bottom wick was broken by a following momentum candle which was followed by another..you had a great trade. It has proven to be absolutely amazing.Never heard of Hoffman..but it looks like there are similarities. I also use cumulative delta to confirm. If I simply wait take this trade..and it appears many times during a day on 3 min. charts..I do very well.
That sounds really interesting. Could you make a video about it Nick?
Hey Tradepro, great video as always. Quick question.... When you set a stop order using this system, do you have a set maximum number of bars you'll allow to trigger it. For example, if it doesn't trigger after let's say five candles, do you abandon the trade and move onto the next? Or do you just set and forget?
Understanding the concept of crypto is of great importance. Many had venture into it blindly and today crying foul.
You're right
I'm thinking of investing in the Crypto market but taking my time to figure out how the whole thing works
I've been making passive income monthly from crypto for over a year tho' I prefer trading with the help of a professional broker because it saves me time and reduces the risk of losing funds in trading as we all know how volatile the market is
Crypto is volatile which is why most successful investors trade with professional brokers
Reading about people grabbing multi-figures monthly as income in investment even in this crazy days in the market,any pointers on how to make substantial progress in earnings? would be appreciated!
Hi TradePro (Eric) - Thank you for ALL your time and effort in putting these videos together. I know only too well how much time backtesting takes.
I have a Crypto Alt-coin strategy that is really smashing it for me right now. I've been trialing it for months now. What is the best way to share this with you for your own testing/channel? Thanks, Rick
It fascinates how investors pull through this in the investments space When stocks n coin at a time Inflate and deflate without notice, for me I would have had a heart attack
you need to have a brief on what you wanna invest in carefully before going in
@@princessorela6316 You make it seem unreal to make up to that as a passive income annually, when its clearly possible. I have made over 3Hunnid & eighty thousand dollars. “Counting averagely” from January till now with no joke game plan. She’s a masterpiece and her name’s
Lilliana
Kindly reach her through her telegram
*LillianDora*
Indicators are very lagged so one cannot rely on them instead they should look into learning price action trading with her, she's a good one
Best strategy ever ! Works very well on longer TF (w/m) for stocks ! Thanks !
the question about 45 degree rule: I'm thinking about create my own indicator - time range will be fixed (for example 1 candle = 1 point) and price range will be fixed by price (lower price will be the zero line of triangle) and change (delta) between two prices will be defined as a length of triangle leg. than I can simply calculate angles. based on the results I can set the output ranges and define ranges for strong and week trend ... something like RSI - 70 / 30 lines ... inputs: number of points for one candle (1 candle = 100 points for ETH and 1000 points for BTC), number of candles where I want to measure an angle, EMA length, strong trend range (above this line) and weak trend range (below this line). Output: angle (decimal). it's sci-fi or it could work ?
FYI...Select Trend Line as a drawing tool, place a point on your chart, hold Shift and start moving the 2nd point - Trend Line angle will change to 45 degrees accordingly.
Good One Dianne, never knew this is possible
Thx. And using this way it always stays at 45 right? Might look flat but in relevance with the ema it still stays at 45? I think Im right there??
Just messing around with it and I guess it all depends on how your chart is when u put the line down. Hmmmmm
Hey tradepro, there's an interesting strategy i would like to share, might even end up in your top10 category.
Us30 on 15m tf
20 ema
U can use session indicator
Its simple scalp
U just have to see First 15m candel of ny session closed above below 20 ema.
Closed below 20ema sell if above buy.
50 pips and out. No fixed SL.
Try it out. With ur thing
✌️
I like your videos, ty. In this strategy it seems a lot of times in your example price hit SL in the 1 candle u open the trade, so it's not a win trade. Am i wrong?
This season has been really great 😇 I was able to build a big income stream investing with Mrs Maya Payson, You’ve changed my whole life, Thanks so much
This Lady Called Maya Payson must be very good for people to talk about her this much. she handles my colleague's investment too. I'm surprised to see you talking about her.
@@angelmiguel133 Yes Miguel she's very good, one of the best. A registered investment Advisor that's well grounded on financial market. I. Met her once during a trading conference in London.
You invest with Mrs. Maya too, Wow, That lady has been a blessing to me. At first I was really doubting the process until I decided to give it a try, honestly the returns was massive.
i'm well pleased to meet you Mark, I also invest with Mrs. Maya, ever since my first investment with her i have never for once had any issues when withdrawing my profits. she is straightforward.
I am not here to converse for her but to share a testimony of what I confirmed, she’s the best broker i know who is sincere, trustworthy and reliable. kudos! Maya
Thank you. What do you think about smart money concepts? Any way to backtest a strategy using this concept based on order blocks, liquidity etc.
Just one question. After a trigger, when you put your entry and wait for the next candle hit that entry, if the next candle dont hit that entry, do you keep waiting until entry position gets hit or close the entry position and wait for another trigger to get in?
Great video, excited to try this strategy! Question, can you recommend a good alert to set up and use.
The problem rise when you try to figure out whether you have a 45 degree angle. I mean if you move the price zoom in or zoom out the angle changes. What would you recommend to do? Use the auto fit data to screen? cheers
I tried this on SPY and added ADX with settings 5 on the 5min chart and I only took trades if ADX was over 30 at the same time the entry signal was given. I also did it with 1:2 RR. 100 trejds. 64% hitrate, sounds sick, but I really recomend everyone who read this to backtest it!
EMA 20 (5 min tf) , ADX ( above 30 ) + hoffman indicator on 5 min TF right?
You still doing well with that?
Hey there mate, great informative video. Keep up the great quality content without the frill. It's much appreciated
;;;;;
Regarding the angle issue you can experiment with this indicator COLORED MA WITH ANGLE in trading view. It comes configure for 40 degree angle by default but you can change this value to 45. Maybe it can help. I am using it.
cant find anything with that name. do you have a copy
Awesome! Thanks for providing new and fresh ideas
Nice video and concepts. I only have a small problem with the 45 degree rule. It seems a bit subjective to me. Because you can literally stretch the axes to get a 45. More realistically I would use TTM squeeze or ADX to code these high momentum trades. I think people should probably run some statistics tests on the history of the slopes to re-define the 45 degree.
Yes for sure it is definitely subjective and I cannot explain Rob Hoffmans logic behind that rule. I think it's less of an exact parameter and more of just saying "look for a strong trend"
@@tradepro Rob Hoffman stated in a lecture about the IRB on RUclips he calculates the EMA angle based on the previous 20 bars
Using the 45* angle works well enough IF you reset ones chart and only scroll without stretching the chart--only because one is being consistent.
TTM squeeze and Cipher B 🔥
In this case you would use TV default zoom right? That's what I do and it works like a charm. Of all the strats on this channel this is by far the easiest to read for entry
A useful and competent explanation, so I tried it and it turned out that everything works fine. Special thanks to the author for such useful content.
So are you rich now?
Thanks for the fantastic testing. Really interesting 🧐
Let’s Talk I have something profitable👆📩👍
Quality video, I enjoyed this strategy.
Do you know how i can set the alert in tradingview to get notice when the inventory-bar arrives?
How would you set EMA for day trading on 1 min chart? thanks
Is there a indicator that changes the collor of EMA 20 from when it is in 45 degree and when it is not?
Amazing bro, keep up the good work love from Iraq
The angle will depend on the zoom you have on the chart. Did you consider using something like ADX ?
How do you make the price trigger for setup conditional order or limit order?
Looks promising. I've been testing the holy grail strategy with awesome results and a watchlist with all the bybit perpetual contracts for the crypto pairs. As soon as BTC moves there are at least 20-30 winning trades possible per day with a slight adjustment of the rules.
what are your adjustments my friend?
@@denisthebosss as long as the ADX is coming from below and all the other requirements are met you can take entries with the ADX @25 and above.
@@theomitrentsis is the ADX at default settings ?
@@starboy143ng Yes - you can also add a line at 30 and 25 right at the bottom of the indicator's source code, which creates a channel you can monitor and also saves you the hassle to add it to every pair by hand. I've tried to share the code here but my comments would not post for whatever reason. Look up - add horizontal line to indicator tradingview pine sript. It's pretty easy.
You should also use the 15m and 5m timeframe for crypto. Still enough time to calculate your position size. A lot of entries especially when BTC moves.
The trailing stop loss is also a two edged sword. I tried a lot of profit taking @ 1:1.5 and 1:2.0 - Crypto is way to volatile IMO to use it. 1:2 works better but it boils down to personal risk tolerance.
I've also added a SMMA indicator with the length set at 99 (chart timeframe) to keep an eye of the general trend - so more shorts if price is below it and longs if above.
Hope that helped - below are links to the chart and the watchlist for the bybit pairs.
This looks fantastic, will try this and try and code this up a to backtest.
Dear Trader Pro
I have the following insight, please correct me if I have misunderstood something.
At 6:43 in the first example, you point out that you only make a move if there is a 45 degree angle on the EMA (lower timeframe). However, the angle was nowhere near 45 degrees when you placed the buy order, only about 30 degrees. It is another matter that it suddenly became steeper afterwards, but then you should not have been sitting in position.
Second Position: The tail of the next candle goes beyond the stoploss, what makes you think it hit the profit limit, not the stoploss first?
How do you define your 45deg angle as your price scale can change and so your angle ?
On 9:55 you say, that some trades are not getting triggered in. They woulve been triggered later though. Do you have a rule of thumb you use how long do you leave the order open before canceling it? Or are you waiting for the next green triangle and if the previous order doesnt gets triggered you cancel and marke a new trade?
how does this perform with lower timeframes and on equities? thanks
Interesting 🤑 How do you get the white angle guide lines? please thank you
Dude, but if you zoom in or out of the graph, the angle of the ema changes, how do you make it the true angle? is there any way?
*It’s strange how people talk about all the profits they’ve been making through trading of bitcoin, while am here not making any profit at all. Please can someone put me through on the path.*
Bitcoin is the true decentralized cryptocurrency to ever exist in the world. I'm actually new to trading in bitcoin and can say authoritatively it's an aspect of gaining financial freedom
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification
What matters is getting yourself a good investment company that knows how to make profits
@@jessiecoleman4870 Exactly, the trick is to diversify your investment, don’t panic when everyone else is and invest constantly
I think the key thing here is working with a professional. Yes people have devoted their lives to making profits in the market, but those of us who haven’t but are interested in investing can simply work with them.
Is this one of your trading robots? Is it possible to buy it from you for mt4?
First of all, I have to say that this channel has one of the best content ever. As for this video, here's a little math: The slope of any curve is the relationship between the Y axis and the X axis. In this case it is the relationship of Price and Time. If we only visually try to determine the slope, ie. angle as you call it, we will not be able to do it correctly if we do not first fix the dimensions of the X and Y axes. If someone enlarges the screen, for example along the X axis, they will have the impression that the slope of the curve is smaller. It is the opposite for the Y axis. Therefore, it is necessary to first of all say for what ratio Price and Time the angle of 45 degrees refers, or calculate the so-called slope of the curve at the point as such that dY / dX> 1 is obtained. Otherwise, the whole story depends on the experience of the trader and the training of his eye to determine the right size of the image on the screen and in this regard measure an angle of 45 degrees
Definitely true. Luckily, there are indicators like "slope of the ema" on tradingview that provide a more objective way of measuring the strength of a trend
Thanks for that information. It hurt my brain a little bit but definitely need to know that.
Hello sir. How do you identify the angle of the 20 period moving average?
Do you know a indicator to get the angle ? can EMA slope/Angle oscillator work for this ? how to use it ?
From what I understand abt Hoffman's strategy- entry is 1 cent/ pip/ tick, above/below the IRB (depending on long or short). He uses trailing stop loss along the 20ema... your stops seem too tight thus ppl having problem with it not working right. Stock must be in a momentum move if its an uptrend in something really going sideways this wont work
Nice strategy. Thank you!
What would the strategy say about something that has both a long and a short signal, like a wide-range doji candle?
Respect but shit what is displayed to me in the ANGEL. Thanks for the video but what's with the angle? the angle you set changes when you zoom or magnify. how do you adjust the angle? I can show you pictures of how an angle shows 2 different ones or changes by zooming
I will try to test it, ty!
The 45 degree angle should be measured between price and 20 EMA or is it between the two EMA,s?
I appreciate all the effort you go through with showing the trading strategies. But it would be good to show how the strategy, using the same settings, perform on different instruments e.g. forex + stocks + crypto. I feel that all these strategies are very limited to certain instruments and timeframes.
Trade pro put in this vid description that the strategy has been claimed to work on all timeframes and all instruments. I still recommend to be cautious and backtest it first.
Though these channels are very useful, especially this one, anyone worth their salt is still gonna recommend that you backtest it yourself. That's the work that goes into trading - you can't just blindly put your money on everything just because you saw a youtube video, you still have to do some of the legwork yourself.
I’m in the process of writing an EA to trade this strategy - with regards to the 45 degree angle requirement that’s a bit of a none starter as far as writing the code is concerned. I’m going to try and use high time frame confirmation for the trend, something I’ve used in the past to good effect. If you get the rules right and for example have all timeframes from 15min to the daily trending in the same direction, your usually good to go.
how did you go have you got any results
Great content. As usual, this channel never stops giving valuable strategies for the traders. Thank you.
@♜ Pìnned by Trade Pro•• why are you alive? Are you not ashamed of yourself? Fake guy..
The angle is correlated to the scale of your display…. I am not so sure about this strategy…. Please gives us more info on the scaling
Hi. Could you make a video on how to set up your first trading robot ? Maybe start doing compareson/review of those services providers? Or just show how to set up one script of yours?
Let’s Talk I have something profitable👆📩👍
Can anyone explain how the 45 degree angle thing works? Is it relative to the crossover of the EMAs? Or just 45 degrees on the chart? Should I draw my 45 degree line at the cross but relative to the chart? This is very confusing to me hahah
Can't wait to try it out!
Where can I find a link to your strategy spreadsheet?
Is there a way you can show me how the emas at a 45 degrees angle? Thanks
Seeing all the questions about the 45 degree angle, I think we want to know the % of the delta from candle to candle.
how can I get the delta?
can I change it to 60 degree and above, then increase risk accordingly?
Does this work with heikin ashi?
Quality content as usual
Let’s Talk I have something profitable👆📩👍
The Inventory Retracement Bar used for the entry shouldn't be bigger than 1.5x-2x the ATR(10).
Just a piece of info I gathered after backtesting it a bit. If the entry IRB is to big, the momentum may be already squandered and you end up with your trade triggered in the midst of a reversal.
Awesome vid! Cheers
Good Point! Thank you for Sharing!
How can I automate this strategy on my trading account!?
I wonder if "inventory retracement candles" might have another name. I use TOS and it does not have that type of candle stick pattern in their scripts.
Doesn't the angle change when you zoom in and zoom out?
The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy
you are definitely right , waiting on the government is a big waste
Investments are the stepping Stones to success especially if you been guided by a professional
Investing is good but investing in the right thing is the actual key to success . who is your pro ?
That was exactly what I did, I trade with a professional stock expert "TERESA JENSEN WHITE " who i met in one of the seminars..
There are so many investment out there but if profits must be considered then not all investments are good to go into
Excellent! But this strategy has been codified in a pine script with all its ideal parameters, in order to backtest it in a longer range of time? Thank you very much!🙋♂
What'sapp✙𝟏8496427299
More updates on ETH, NFT’s, BTC📊
What'sap✙𝟏8496427299
More updates on ETH, NFT’s, BTC📊
Looking very good and promising.
Thanks man! Enjoy the stay in the nice bamboo hut 😉
@♜ Pìnned by Trade Pro•• OK just lemme sell my house to invest with you broh
Your work ethic is 💯🦍
It looks like the first two example trades you do get wicked out for a stop loss. I'm confused.
sometimes there is a green and red Triangle on the same candle, what does this mean please?
how u identify the EMA slope objectively? or just subjectively see if the slope is steep enough, since streching in or out the chart will have different slope
Right click and "reset chart"
Use "slope of the ema" indicator and take all setups above a certain threshold 👍
@@alexd9134 can you explain this. I have it on and the line hovers just over and under "1.00". How is this giving me an angle??
You could also try a faster EMA (i.e. 10), and treat it like a binary filter (it's either sloping up or down).
@@stevedunphy6253 it won't give you an angle but it outputs a number depending on the slope of the ema. Find out what number corresponds to a ~45° angle and only enter when the indicator is above that number
The angle of the MA is not an absolute factor though, as you zoom in and out the slope changes so how do you make it an objective parameter?
If you look at candle that isnt formed yet then yes slope changes, so basicaly you have to wait untill candle closes and then determine your course of action.
Can that limit order works on futures
well i m using this indicator, the thing is sometimes one of these arrows (signals) just dissapears when the next candle opens. Is the entry signal still valid if that happends? Much appreciated !
What'sapp✙𝟏8496427299
More updates on ETH, NFT’s, BTC📊
What'sap✙𝟏8496427299
More updates on ETH, NFT’s, BTC📊
I am confused… how can I get 45 degree angle ? We only have 2 points ; EP and EMA …
at 6:45, that entry bar's low goes below stop loss, while the high hits the profit target. You don't know how that bar unfolded in real-time, whether it hit SL vs. TP first, so you can't call that a winner (unless you went to the lower timeframes to confirm).
He should test it conservatively and consider anything that falls below the stop loss as a losing trade.
I noticed the first two were a loss, but he said they would have won. I'm confused.
@@shanepascoe1078 the first one is definitely a winner. Remember, he's entering the trade only if price subsequently crosses the high of the bearish retracement bar, so on the first trade, he enters on the 3rd bar after the bearish retracement bar as that is when price crosses above it - but I don't know how many bars he is allowing to pass by before canceling the limit order... probably as long as price is above short EMA for longs, or below it for shorts.
@@trtnec thank you for the clarification.
what time frame is this strat good on ?
Man, it would be great if you explain how you use that giant X to check the angle.
cool man, gonna test it
Thank you bro!
Hello thanks for watching and commenting. Hit me up ⤴️For more updates on ETH, NFT's, BTC📈
Which EMA is it in Tradingview?
Any reason you are not using replay function?
How do you measure angle on the chart that you can squeeze and pull apart and thus change the angle of EMA lines the way you need it...
Let’s Talk I have something profitable👆
Hello thanks for watching and commenting. Hit me up ⤴️For more updates on ETH, NFT's, BTC📈
With Steve Hendricks assistance on my trades I’ve been able to make huge profits from my trades, it’s been so good trading with her
On telegram
Stevehendricks
what is the indicator you use on tradingview to spot the 45 retrace candle sir?
Let’s Talk I have something profitable👆📩👍
Does it work on any time frames?
How do u know when the candle ur entering is at its high or low?
You dont. You put a pending order above/belove the ir-candle. If the order gets hit then u hope that the price is going in ur favor. Thats it
@@m.w.9231 oh I see, appreciate the response 🙏
Great Video, Thanks
Will u be doing a strategy for this?
What is the angle tool that you use?
Trendline + shift
Isn't the 45 degrees angle relative to how "strechted" your display or your chart will be? Or are you using a fixed display ratio ? In which case how do you set it in TradingView ?
I have the same question. The angle rule seems a bit subjective.
Right click and "reset chart" then look for the 45 degree angle.
If you're interested, I found this indicator called "slope of the EMA" on tradingview for a strategy I've been trying, which outputs the slope of an ema at each point of time on an objective scale 👍
i believe there is no way to trade an angle on a chart... as all charts can be streched to fit this angle.
i'm currently reading "the new market wizards" and i think William Eckhardt said the same :D but all these wizards have different systems. Maybe if you work look hard enought you can find a way to implement this for you ;P
@@alexd9134 that's a good one, thanks. I'll try this one out.
Interesting strategy man.
Why do you always test for such minimal r/r? I’d be more interested to see how these strategies perform looking for 3R+
Great trading video 🙏🥳