👉 Prop Firm Deals https://linktr.ee/covetrader
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys? So, this is a new TradingView indicator. It is free. If you trade the orb, this is the way that I actually trade it. If you want this indicator for free, be sure to subscribe to the channel and then in the description of this video, comment your TradingView username so I can give you access. If I look, you’re not subscribed, not adding you. But yeah, it’s free. Other than that, it’s free. If you have any questions about this,
I stream live every single day. You can come on the live stream, ask. You can watch me use this on the live stream. I’m going to show you how it works right now and my settings, so don’t go anywhere. Here’s the back tests. So, last 2 months, you’d be up about $4,700. It’s I mean, the P&L curve is pretty good. It just keeps It’s just grinding up. Max equity drawdown is a thousand. I am converting this to a NinjaTrader strategy so
It can auto trade if you want it to. Remember, you can’t use bots on some prop firms, but if you want to use it on your personal account, we’ll call it. I have the NinjaTrader script I’m going to be posting in the Discord. The Discord is free and the link to that is in the description of this video. There’s also another way that you can auto trade this is you hit this three buttons. You add alerts. And then you can do
You can do webhooks and things like that. So, you can auto trade it without NinjaTrader or you can auto trade it using NinjaTrader. I’m not saying auto trade it. This is educational purposes only. The settings I provide you I came up with in 30 seconds. I did not really think it out. This is a tool. This is just somebody asked me to build this. I built it. These aren’t the settings I’m currently going to use. I kind of have to back
Test it more. I’ll be putting what I use in the Discord or talking about it live, but what I just did real quick was So, basically, you could do 5-minute orb, 15-minute orb, or 60-minute orb. You do a stop loss and a take profit. It’s in ticks. And if you want, you don’t have to use all of them. You can just use the 15-minute. You just kind of check it off. It’s up to you, right? Super easy. And basically, what it
Does is it’s taking the sweeps. So, as you can see, this is the first 5 minutes. We sweep above it. We come back through. It closes inside the five. And you basically you get locked in there and that’s it. This one was See, this is why you need to test it. Obviously, this would be a massive winner. It kind of got stopped out right there. So, this stopped out for a small loser. Um This one was small and then this one
Was a a winner. That’s just one day. I mean, if you want to look at all the stats, this is what it is. Um But yeah, I’m just saying what it does. Basically, it’s a one It’s a sweep above. When then when you close 1 minute back inside the orb, it takes that way. So, this would go short. This would be short. This would be short. If you swept below and came back up, it would go long. You can automate it.
And that’s pretty much it. Somebody wanted me to build this. I actually play this way. I don’t do it on the five. I do it on the 15 and the hourly. Um So, I’m going to automate this on my personal account, but I wanted to share it with you guys. It’s free. It’s pretty cool. You don’t have to pay for it. Any questions or you want me to add things to it, comment on the video, ask me on the live stream.
That’s pretty much it. Peace.
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