Friday, June 12, 2020

Using Trading Strategies

In this post, I want to share how really, really easy it is to trade these days. I remember in early 2000 when we have to rely on professional analyst plotting on long paper charts in preparation for market opening. These days, information is available in real time at your finger tips.


Open Close Cross Strategy by JustUncleL in https://www.tradingview.com

In Trading view, not only can you do advanced plots and charts for your own analysis, leverage trading ideas from reputable analyst, you can also leverage indicators and trading strategies that are either built-in or written by other traders.

I'm using OCC Strategy by JustUncleL on XAUUSD 4hr chart with an accuracy of 83%. I buy and sell whenever it tells me to and win 3/4 of the time. There are many other strategies for you to choose one that work for the stock/ currency/ precious metal trades and time frame.

It doesn't tell you where to put your stops nor does it always trigger a trade at the most optimum price but if you choose the right strategy, you'll be winning with the less risk and effort required.

1 comment:

  1. Hi Wee-Chong, thank you for sharing this. I am just starting out trading Forex and I have been reading your blog for some insight. Do you find using Trading View strategies to be better at generating profitable trades than manual TA? From your screenshot it seems that you also applying it to stocks.

    I also started following Jack (Harmonicsasia) and watched the video you posted - have you had success following his methods?

    Thank you!

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