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What’s going on, guys? So, this Trading View indicator is back. I did a back test a while back. The win rate was 86%. Um, yeah, I’m going to Somebody asked me what my favorite Trading View indicator was this week, and I told them I’ll make a video about it. So, if you watch one of my previous videos, you might have seen this already. Before I jump into it, we stream live every day 10:30 to noon, 2:00 pm to 4:30. And if
You want to support the stream, use coupon code Cove Trader when getting any prop firms. It should automatically give you the biggest discounts that are out there. So, let’s just dive into this. Um, if you’re not familiar, this is Trading View. Uh, this is one of my screens. I use the multi-time frame. This is the five, 15, and hourly. And uh I actually back tested this. Like I said, it was 86% win rate. Um what I noticed though is I can
Get a lot more than the 10 to 15 points I was trying to get uh in the back test. That’s kind of what I was shooting for. And the results were amazing. And I think what I’m going to do is I’m going to take a funded account that I have that’s new and I’m only going to play this setup. This setup only. and I am going to look for uh pretty big gains. Uh I’m going to do it live on the
Stream and if you want to watch, come join me. But here it is. It is the Lux Algo three bar indicator, three bar reversal pattern. And what I’ve noticed is it just works. It just freaking works. You could see just yesterday reversal pattern. your stop loss is down here. You know, my target probably would have been pretty close to this take uh to this pivot point. And then sure enough, you get one on the bearish side. You could take it back
Down. You get another one up here, works again, and then you get one right at the bottom. It just hap I mean, you’d be four for four. Actually, look, five for five. The only time it didn’t work was pre-market. I’m probably not trading pre-market, but other than that, it it just hits. I’m not going to go through it all on the right here, but it also works on the higher time frames. You can see I actually took this trade live. We
Had one on the hourly. Now, the hourly, obviously, the stop is much higher. I’d probably have the stop right here. That is almost a 100 point stop which is high but the reward is just as high cuz 451 was the confirmation and uh yeah I mean you could have gotten almost 200 points to the downside. Um you know and when you combine it so you have a three bar here and then you also get one on the lower time frames it’s
Kind of showing you that you got to buy. Um, but I combine it with a couple other things. I’m not I normally just don’t take it just for what it is, but also how I find targets is I’m looking for highs or I’m looking for pivot points, but I’m actually specifically targeting certain areas uh on the chart. But if I get one on the bottom and then I get one at the top, it obviously uh I would be getting out of
The long and now I am in short and then I kind of would be targeting to the downside. Um but yeah, just kind of works. I find it to be a great indicator on multi-time frames. I don’t use it on anything less than five minute. So if you’re looking at it on a one, I don’t I don’t even follow it on the one. So, I’m just it’s something that you should put on your charts and I’ve had a great level of
Success with it. If you got questions about this, comment on the video, come to live stream or there’s a description to uh the Discord in uh this link right here. So, if you have, come in the Discord and I’ll answer your questions.
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