the most accurate Buy sell signals from mix of two indicators on trading view first we need to set the time frame the strategy that I'm going to explain is suitable for scalping and day trading on Lower time frames so time frames like 1 minute 5 minutes and 15 minutes are good choices for this trading strategy we continue on one minute time frame this is the price chart of euro to US dollar but no limitation on this and you can use this trading strategy on any other asset or Market whether it's Forex crypto or stock market
the only requirement is high trading volume and liquidity because we don't want to experience any unreal price Gap or large spread between bed and ask prices that can damage our trade entry stop-loss and profit as I mentioned earlier we're going to add two indicators to our chart so here we click on indicators and we search range filter buy and sell we at this one which is written by someone named PV n t o m this is a fake famous byy cell signal indicator for scalping strategies we're going to use this indicator with its default settings
only here in the style tab we remove everything that we have here except Buy Signal and sell signal so we remove everything so on the chart we only have Buy cell signals for adding the next indicator here again we click on indicators and we search fromo channel this one which is written by big beluca for this indicator we also use it with default settings the only thing thing that we need to change is here for the indicator we click on these uh three dots and for visual order we click on bring to front so the
candles will have color based on their position regarding the channel this is a very powerful indicator that can help you to know when the momentum and volatility is very low so the market is flat and it also helps you to know when the momentum is increased and the market is out of the range market and trending in a direction in times that the candles are gray it shows low volatility and momentum in the market and when the candles become green it shows that we have increased upside momentum and the price is advancing in an uptrend
and when the candles become blue it shows that we have increased downside momentum and the price is declining in a downtrend the indicator also generates Buy sell signals by showing these labels when the candles become green or blue after a period of low volatility and momentum all right everything is already set on the chart and let's see how we trade based on this setup this is how we do it we want two consecutive signals from the two indicators if the signals are at the same time we don't take any action if the signals are not
next to each other like this case here where the second signal is given three candles later we don't take any action this is not accepted when one indicator gives the signal the other indicator should give signal on the next candle exactly like this case here when this candle was closed we have a buy signal from range filter indicator and when next candle was closed we had a Buy Signal from fromo Channel so this is a confirmed signal and we can enter a long position at this point when this new candle is opened this stop loss
below the middle line of the fromo channel and profit Target at 1.5 risk reward ratio and you can see that this was a very profitable signal here after this period of low volatility and momentum we have a sell signal from fromo Channel and then the other indicator gave sell signal when the next candle is closed so this is a confirmed sell signal and we can enter a short position at this point when this new candle is opened and this is also a very profitable trade where the price declined down to this point moving on the
chart here we have a Buy Signal and the other indicator also gave Buy Signal in the next candle so the Buy Signal here is confirmed and we can enter a long position at this point when this new candle is opened and this is also a profitable signal as you can see here at this point both of the indicators gave signal at the same time so we don't take any action here at this point and here we have a boy signal from fromo Channel and the other indicator also gave boy signal when the next candle is
closed so this is a confirmed Buy Signal and in practice we could enter a long position at this point and you can see that the price truly Advanced after that but the advancing of the price was not enough to reach to a level that gives us a minimum risk reward ratio of 1.5 you can see that the price declined after that and probably hitting our stop loss and this is the most important point that you must pay attention this trading strategy doesn't give you 100% guaranteed signals no trading strategy is capable of this and you
will definitely have false signals or signals like this one that may not provide enough movement of the price so you must understand the fact that although this trading strategy is accurate enough to make consistent profit in the long run losing positions are also part of the game so you need to manage them properly otherwise you will definitely lose your trading account there is a risk management strategy that is called 1% role and it's a perfect choice for scalping and day trading strategies I have a complete guide on this the link is also placed in the
description and I highly recommend you to watch it because without a proper risk management strategy you cannot become a successful Trader all right that's it thank you for watching this video if you have any questions feel free to ask and leave a comment for me I'll answer your question as soon as possible if you haven't subscribed to my Channel Please Subscribe and hit the Bell so you get the notifications of my new video see you guys in next video and good luck with your Trading
