👉 Prop Firm Deals https://linktr.ee/covetrader
Transcript
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What’s going on, guys? So, I made this indicator that everyone has been asking me about. Uh it is the IB strategy indicator that basically takes trades on the retracement. This indicator is for free. I’m giving it out to everybody for free. 2 seconds, I’ll tell you how to get it. But before I do, I stream live every single day here on YouTube. Plus, I got a lot of other videos that you should watch. How I use cloud to create strategies, um
NinjaTrader strategies, all types of things. I mean, whatever. I also trade live every day 9:00 in the morning until noon, and then again 2:00 p.m. until 4:30. We’ll be doing account giveaways on the stream next week, so be sure to be on there. Subscribe below. Also, smash the like button. All right. If you want this strategy, you have to comment your TradingView username on the channel right here. So, go in the comment section right now. Put your Put your TradingView username
In, and that’s the only way I’m going to be able to give you access to it. I’m going to show you how this works. It’s a little bit different. So, as you can see real quick, there’s a bunch of lines on the screen, right? You got a TP2 line, TP1 line. You have the uh You have the IB, right? Bottom, top. This becomes break even, and this is your stop out line. Now, you can get rid of all these lines. You
Go to style, you can get rid of them all, right? So, right now, this is actually designed to use two contracts, cuz I have two TPs enabled. Um If you’re using two contracts, just have the TP1 half your contracts, TP 2, half. I made it like this so you can use I don’t know, say you use 10 contracts and you want to get rid of three of them on TP 1 and seven of them on TP 2, you can do that
Here. So, I kind of made it flexible. All right, you got your retracement of the IB. This is getting in at 50% of the retracement. You can make this whatever you want. So, basically, if the IB high is made first, the low is made second, it then looks for the retracement to enter. 50%, it will enter. You can change that to whatever you want. That’s up to you. I’m not giving you These numbers are just defaults. This isn’t tested. This isn’t
Anything. My default numbers, obviously, it says that would have made money. Awesome. They’re just default numbers. This is on you to play around however you want. I’m just giving you the script to enable you to do it. All right. Um So, yeah, it’s pretty simple. Basically, TP 2, the distance of the IB, 100%, you know, breaks it breaks it down. Right? If the IB is this far, from here to here is 100%. Um if you want to just get out, a
Lot of people have a strategy where you get in with like a 50% retracement and then back out at the line, you would just set that at 50%, right? 50% up, 50% down. Super simple. And that’s pretty much it. You know, you can also change this from 9:30, you know, till 9:45 and do the orb. So, it doesn’t have to be an IB. It could be an orb play. It could be an orb indicator. You can put two of them on
Here. You can do one that’s orb, one that’s IB. Um it automatically stops trades out. It it won’t take any new trades after 3:00 and basically auto closes at 4:00. Um if you want See, now it just shows the IB, right? It’s cleaner that way. I was just kind of showing you all the lines. If you wanted to see them, you could see them. You could go to none. Um also all levels, like I said, you go to style, you could
Take whatever you want off. It’s pretty uh it’s pretty simple. All right? Gives you everything that you wanted. People have asked me about doing this type of indicator before. Uh it seems like IB retracement is is the hot thing right now. So, I made this to give it out for free, because that’s what I do. I have a ton of indicators I’ve given out for free. If you want anything that’s for free, come on our live stream and ask. I’ll probably
Make it for you. Um also, you can move to stop after your TP1. Uh move to not your stop. You can move your break even to your break even after TP1 if you want. You can enable just one TP. I mean, it’s pretty much however you want to do it. I would just say backtest a lot. You know, play around with it. I don’t I use this a little bit different than everybody else, but it’s been asked several times, so I
Decided to make it and give it out. Like I said, put your TradingView name in the comment section of the video. Be sure to subscribe, and I will give you access.
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