👉 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 put this out to the community for free. It’s a TradingView indicator. There’s different settings for a lot of different things. I’m going to go over some of them right now. Um, but yeah, if you want this indicator basically be sure to subscribe to the channel below. You could do one of two things. Either you can comment on this video with your TradingView uh your TradingView name or just DM me on X. Here’s the
Post I created right there. Basically just go on X, uh retweet it, and then DM me. Super simple how to get this, not hard. Uh it is free. I don’t want to hear you complaining about anything, but I’m going to go over a couple things that people don’t realize about these strategies and indicators and things like that. So, one of the first things you got to go over before I show you the settings. I’m going to show you the settings in
2 minutes. The markets change. So, as the markets change, the settings for anything changes. Right now, everything’s super volatile, right? So, when we approach summer or this Iran war ends, you are going to have to change settings for things. The markets are not the same. There’s no straight holy grail indicator that will give you the answer for everything. As conditions change the ATR changes, your settings have to change. So, currently these settings are working, right? Some things you got to take
With any any strategy, right? I’m just going to go to one of these things. All right, watch. We took a loss right here. I don’t know what this looks like. But sometimes what happens is you know it says to buy right? Am I probably going to be buying and holding after hours? I mean, there’s probably some type of news that freaking came out for us to drop 150 points. Indicators do not take into account news. So, if the news is bad
Even if the indicator said to go up you freaking sell. Don’t be an idiot. You know what I’m saying? There’s things that are happening within the markets that the indicator does not take into account. One of them is news. So, if the news is bad and it tells you to get in, you don’t get in. Obviously news came out this day cuz we dropped I don’t know, 270 200 What was that? That was 270 points. There’s news. If there’s news out
Don’t follow it. This indic- indicators and strategies are kind of just based on the market when nothing’s going on. Right? Um so that’s one thing I want to go over. You know, the second thing is if you want to watch me trade this live subscribe. I trade live every single day. All right, I’m going to show you the settings right now. All right, I would say come on my live stream and look. The other thing is look, here are the settings,
Right? This is what I’m using. That’s just for NQ. Now, a couple things that you want to take into place. Look, when the market conditions change you can see does really well and then it sucks during certain times. You got to change the settings. When you see that it’s not doing well, obviously it’s doing well in this volatile area. When things settle down, you’re going to have to change the settings. If you’re trading ES the settings are different. Right? You’re going
To go in and you’re going to say, “Hey, what works on ES?” Boom. That’s a lot better, right? So, it’s one of these things that you got to change the settings depending on if you’re trading gold, ES I don’t trade after hours, so this is all New York session. When the market start to change and the Iran stuff ends, this is probably not going to work out that well. I’m going to go dig back and change my settings and then forward
Test in a sim account. Right? That’s probably what I’m going to do. And then I’ll have new settings. If you want the new settings come on the live stream and ask. I’m not going to keep making videos about a free a free thing. All right, it’s just how it works. Um >> [snorts] >> so yeah, that’s pretty much how it works. Um obviously it’s not bad. It doesn’t take in commissions. 165 trades we’ll just say $10 a trade. It’s not, it’s
Probably five bucks a trade. So, maybe $800 in commissions. Someone’s going to ask. I typically don’t use this too much on the last hour of trading cuz it could be back and forth. Also you just got to watch. I mean, this isn’t a straight buy and sell. It is it’s telling you, but I don’t just take the trades, you know, you got to have some thought process. It’s just kind of like a confluence type thing where I use my other strategies.
Um I got something else I’m working on to make this even better, but um some of the language in this script doesn’t work with it, so it’s going to be a completely different script, but I am working on something that’s pretty cool. Somebody asked me to put this out, so I’m putting it out for free. Doesn’t cost you anything. If you don’t like it, don’t use it. It’s free. Past results are not future results. Things can change. This is entertainment purposes
Only. So, don’t take it you know. This is just somebody wanted this for me to put it out there. I put it out there. If you want it, you want it, you use it. It’s your own responsibility. Don’t blame me. Don’t blame anything. The whole thing can change tomorrow. Doesn’t mean you’re going to make what you made previously. I’m actually going to run this on Alpha Trader. I think it’s called Alpha Trader. It’s called uh Alpha Insider. And it’s going to
Run in the live markets. Um and I’m going to see what it does forward testing. I did forward test it a little bit. It obviously worked. But I’m going to run it over there and see what the deal is. I’m also going to run it on a Ninja Ninja Trader. Um my overall goal is to run this on real money not prop prop firms. So, that’s where I’m at. If you have any questions, come on my live stream and ask. That’s
Pretty much it. Just putting it out there for everybody. All right.
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