Professional Trader's Strategy

Hey everyone, I just came across a cool strategy from a pro trader and I’m trying to find a way to get alerts when this specific trade setup happens across any crypto or forex pairs. So here’s the gist: First, the price action compresses and the MACD stays pretty flat for about 3-15 minutes. Then, we wait for a breakout from that range and see the Fast and Slow MACD lines expand. After that, we look for a price retracement, and we check if the FAST MACD dips below the SLOW MACD. Here’s how to enter: when the FAST MACD crosses back above the SLOW MACD, and both are above the zero line, that’s when we go long. So, my question is: can anyone suggest a way to get alerts when this specific setup happens in any cryptocurrency or forex pair? I mean, it seems pretty unique, not just your average MACD crossover.

I believe that you make your own custom alert in TradingView, but you need to learn their scripting language called Pine Script. You probably could also find basic guides and other educational materials in YouTube and the internet in general. Plus what are the rules to EXIT the trade? You could back-test the strategy when you have both entry and exit. Compare that strategy against a simple Buy and HODL strategy with the same time frame, and see if the "professional trader's" strategy could outperform.

I think Bangladesh has an active local board; you can ask there. It's difficult to get an answer here because we know nothing about that country. The last I heard about it was floods. As for NFTs, they're no longer as popular as they were in previous years.

I think you can only just get falls signal if you are only attempting to place long when when fast and slow is above 0 in MACD. I don't think that's a good strategy for I only use MACD for checking momentum and divergence and RSI for overbought and oversold signal. I think your strategy will fit more in moving average 100 and 200 if this will cross and 100 MA is above the 200MA you can put a long position. About alerts if you talking about a signal I think tradingview have them but you need to manually set alert to any assets you want you to be notified. If you talking about a tool that can alert you if what crypto cross that I think you can check https://www.tradingview.com/crypto-screener/ I don't know if you can force it to notify but try to customize the settings.

It's possible on trading view via creating a custom strategy using pine script language. You would also have a chance to first back test it before you actually use it in real trading to know how effective it is. Therefore, you need to learn some pine script language. Not hard if you are committed, but it might take a bit of your time Alternatively, you can slim through the publically available community scripts via the indicator button. You never know, there is one that has exactly what you are looking for

such complex strategy like this, you won't find it anywhere except forging your own which as other have mentioned, by using pine script. can easily hire some freelancer to do this, or even prompt AI like chatGPT or gemini to do this. I'd advise to play around with tradingview pine script's and using AI for prototype and see the result, if you're not adept with pine script itself.

? 🤔 That could work. In fact, because the free version of TradingView limits the number of indicators in one chart, you could probably use AI to make a Pine Script for you to have all those indicators you need under one script. OP, it's probably good to try AI. I suggest to use Perplexity app.

There are important tools to get access to if one is keen on making quite good moves in the space. There have been quite difficult times in the market but with applying formidable strategies, we can belt up and make reinforce strategies that would become helpful for our very existence in the space. Applying strategies shouldn't be challenging for anyone but for the professional traders, they're in control of their activities and will explore more alternatives if they're opportune.

It's possible, but it could still be confusing for a person who is completely new to pine script. The more familiar you are with a language, the easier it is to command chatGPT to write or edit a code to your preference. I think OP should take some time to learn pine script. There are some cheap courses on Udemy that go for not more than $15 for first timers Like this ones 1. https://www.udemy.com/course/learn-tradingview-pine-script-programming-from-scratch/learn/lecture/21312292 2. https://www.udemy.com/course/pinescript/learn/lecture/22790363

The CoinMarketCap would keep you updated on every crypto market price whether on increase or decrease of prices which you can use to setup your trades formations. If you want think of how to get informed of making good trading strategy, I doubt if there's a reliable one unless you'd dive and discover your own strategy. If you also think the above trading experts as said is a reliable for you, then you can always follow them on their media handles which I believe they'd have trading streaming channels to update their followers. But then, I'll just say you should be careful of those claiming trading experts in the media.

I asked Perplexity to make a Pine Script with three indicators. That's three indicators which is over the limit that TradingView allows for users of the free version. You can try adding more indicators if it still works. To use it, go to Pine Editor, and simply copy and paste the script, then "add to chart".  👍

Yeah, this is a nice go-around the indicator limits on trading view. However, such code as much simple as it may seem so simple in our eyes could look so complicated and pointless in the newbies eyes even when it's generated with the help of chatGPT or Perplexity. Also, the commands for the conditions that OP needs in the script would make it a little longer and on need to have an idea in order to tell Perplexity or ChaptGPT on what to alter/modify and what not to.

Yes there are free channels for potential signal however, thats not accurate and concrete type of trading signal. Im not sure why some prefer to have this if they can learn the fundamentals of trading and then execute it themselves. Yeah its not hard, but in signal youll definitely blame then if the trading didnt panned out. In every strategy theirs always a failure, so acceptance is a must to learn and gain experience on setting it up. Might be better than random signal giving false hope.

Trading is risky and difficult but if you are trading dependently by signals of any group (free or paid), you are not a good trader. By depending on other people for trading decisions, you will lose money if they are wrong, and you can not control accuracy of their signals. While as said it is not easy to trade accurately in a volatile and unpredictable market. If you can not trade independently, why don't think of forget about trading and do something else like Long Term Investment?