👉 Prop Firm Deals https://linktr.ee/covetrader
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys? So, I decided to dip my toe into uh making a TradingView indicator and I might have made the greatest indicator I’ve seen on an accident. Before I even get into that, I stream live every single day. Be sure to subscribe below. Uh if you want to support the stream, use code CoveTrader. Works at all the prop firms. Uh the only way to get this indicator I’m about to show you is I’m going to put it in my
Discord. The Discord is free and the link is in the description of this video. Um when you go to the Discord, on the left there’s an indicator uh tab and it’s it’ll be free. So, everything I do is free. It’ll be free in there. Be sure to smash the like button. And uh we’re giving away free prop firm accounts uh on Monday. Well, we give them away every day on the stream. Be Be sure to be on the stream. That’s it.
All right, let me jump into this. First of all, I don’t even know how to publish this yet, to be honest with you. So, I have to look how to publish this. Um what happened was I was using AI and I was using prompts and I decided to build something I thought would be good. And uh this is what it gave me after a lot of different tries. But, what I did was I pasted it in an existing uh script already
And it gave me this. But, when I pasted the actual code again, it gives me something completely different. So, I think I got this on a mistake and I don’t know how I did it because when I post the original the original code, I get something completely different. And I had to like go [clears throat] back on very Something weird happened. But, this is what it is. Basically, this is what I ended up with. And um obviously, I’m not going to
Trade it after hours or pre-market, but I mean, it literally hits the tops, and somebody’s going to ask me uh you know, if it prints. So, look, see if it’s going to print in real time or a delayed cuz some of these indicators print delayed. Prints real time on the candle close. So, some of these indicators like this these candles close, and then all of a sudden, it shows you back there. Um that’s not the case on this one. That was
One thing I looked at, and then here you can see the short is at the top. So, right off the bat, it was obviously three for three on Friday with massive gains. Um I don’t know this is pre-market or this is after hours. I’m not using it. But, you can see how it’s just snagging I don’t know if I would keep adding. Maybe I would just would have just bought here maybe, and probably taken profit cuz that’s obviously I don’t know,
80 points off or so. But, you could just see it’s catching the bottom and then the top up here. Um I’m going to be forward testing this because it seems very promising. Um you know, some days it doesn’t give that many. Look, it gave one up here, which was a nice short for I don’t know, that’s 100 points. And then you got some shorts over here. I mean, it’s not every day where it’s just netting you crazy amount of trades. But,
Those this is three winners. I mean, that’s 100 point winner. You would have gotten in at candle 42. I mean, that’s about 20 points you would have gotten to at least break even. It’s about 30 points you at least I mean, if you didn’t take profit, you would have I would have taken profit end of day to be honest with you. But um yeah, I’m not going to go over how it works cuz I I think it got two indicators crisscrossed.
Um I don’t know what my rules are going to be. Obviously, I have to have like a take profit, a break even rule. You know, maybe once you go up 15 points, you go to break even. Um you know, maybe you’re shooting for 30 points. I have to dig into this, but it’s definitely promising. Uh you could see obviously, you know, am I going to take every one of these? Probably not. Um but you know, if I entered here at 18,
I would probably have taken profit at 70. That’s 50 points. Um it’s so I don’t know. I it’s for free. I’m going to make some more indicators. If you guys got ideas, feel free to uh throw it out there. So, something like this. Like if I was shorting up here, I’m not then shorting down here. So, like anything, you got to be smart about it. Like I’m not just going to follow it blindly and be like, “Oh, it told me to
Short up here and now I’m grabbing more shorts.” No. Um you know, same thing here. Like if you shorted up here, I’m not re-shorting down here. Like that’s just you got to be smart. Like you just banged, you know, what is that? 150 points from up here. Like why would I then short here? I’m you know, so that’s why some of the signals you you’re probably going to ignore. Uh you know, with just some common sense, probably. You know, but if
You look like this day it provided no signals until the end and you would have got a massive freaking short. And I would not trade it uh after hours or pre-market. So, here’s one you would have probably gotten. I was scrolling back to see when you would have taken a loss. Um this would have been obviously you’re not adding all of this. And I’ll be honest with you. I probably wouldn’t have I don’t know if I would have taken more than
One of these. And the reason being I remember this day. And I shorted I shorted this. So, I don’t know if I would have taken it, but we’ll just say the indicator was wrong, obviously. Um but me personally, I probably wouldn’t have taken it. You know, it says it’s shorted up here, that’s pre-market. You know, I probably wouldn’t have taken that either. Um I took I think it was one of these like bear flag breaks. I know I definitely took this
Break to the downside. Um you know, would I have taken this long? Probably not, even though like yeah, it kind of went up. I probably would have taken this though after kind of settled again. And then you know, you’re not going to freaking take these longs if you if this, probably not. So, I’m just looking at it. I’m going to have it up on my chart. I got to come up with rules. Um and we’ll see what happens. I mean, there’s
Definitely it’s definitely a scalping tool. It’s not for the full trend. But, you know, this would have been right. This would have been right. Like this would have been right. You know, am I going to take this after I shorted up here? Probably not. You know, it’s one of those things that, you know, you got to be a little bit intelligent here. But look, bottom. Bottom. Am I going to take these longs? No. You know, if I took this long, I’m
Not taking these longs. Yeah, I might take a quick scalp here, but so I like taking out this low, so being like I might have seen this, and then I probably would have taken it long somewhere around here. You know, cuz it’s just my trading style. >> [snorts] >> Damn. Yeah, like this. Not taking it. Taking it. Probably taking it. Probably taking it. You know, I’m probably not taking these short after just gave me a short up here. So, I’m just
Going over this because somebody’s going to freaking ask. So, I’m just trying to look back on days to see like what what would make sense. You know, if you took the long here, I’m probably not taking the long up here. You know, in all seriousness, I’m probably not taking this long either, even though that it would have won. You know, I probably would have only taken this. So, listen, it’s in the Discord. If you want to use it, use it. It’s
On you if you use it. That’s my disclaimer. This is for entertainment purposes only. But I made it. It’s pretty cool. Um I don’t know how I made it cuz I copied some other code, and then all of a sudden this popped up. So, I don’t really know what happened because the original the original indicator was um was just two EMAs on the screen. So, I don’t know how we went from two EMAs to this, but this is how we got
It. So, I just took an old indicator I made and I did this and then I don’t know what happened. So, if you got any questions, let me know. Peace.
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