5-Indicator Trading Strategy — Step-by-Step Guide & Transcript

[00:00] Hello everyone. In today's video, I want to show  you the five best indicator combinations and I   want to explain what each indicator represents for  this method. In this video, I will try to explain  

[00:16] each of them in detail and discuss how they  work effectively in combination with each other. Bollinger bands. And let me  increase the period to 20, 2.

[00:42] colors are red white and red  and save. The second indicator is   also Bollinger bands. but in this case with  different periods. let's increase it to 20  

[01:01] and three. As for the colors, I need different  colors like blue, white, and blue again. the  

[01:14] third indicator is the well-known stocastic  oscillator. Let's set the periods to six,

[01:26] three and three. The colors  are blue, red, green, and red.

[01:39] Save. The fourth indicator is CCI. Let's slightly increase the period to 25. I don't  change the colors just taking the lines and keep  

[01:56] them. the fifth indicator is ADX. Here it is.  this is one of the main indicators in this   method. I will significantly reduce the period  to one and five. Colors are red, white, and pink.

[02:21] And save. The next process is to set  up one-minute heiken ashi candles   and set the trading time also to 1 minute. So,  I will finally choose the best currency pairs  

[02:37] for the method to work at full efficiency.  I usually choose high percentage currency pairs   because I prefer to wait longer for a good  moment to trade on high percentage currency  

[02:52] pairs. and of course, the profitability  is much better. guys, as you can see the   candles have started to move down from the  maximum position and we don't have good  

[03:08] red candles yet. But I think that a trend will  definitely go down. first of all, I want to   tell you that one of the main indicators of this  method which I first observe is the ADX. It's red,  

[03:23] white and pink lights must necessarily intersect  each other, as you can see on the platform now. Also, ADX is used to measure the strength of  the trend. And in this particular method, ADX helps  

[03:39] me see that there is a possibility of movement in  the opposite direction. So, I think everything is   going in a perfect way. and great! guys I love  having the first   

[04:02] successful trade and I have to continue trading  here again. because I think that the movement of   the red candles is not over here and the next  high candles will also be red. The reason  

[04:15] for seeing all this is primarily the fact that  the red candles of the haiken ashi  actually cross the middle white line of the bollinger  bands and all indicators also give me a bearish  

[04:27] signal. I would also like to tell you about the stoastic oscillator that is very easy to guess   its signal. when it's red and blue lines cross each other and move from an upward trend to  

[04:45] a downward direction. This is a bearish signal.  And great! as I said, the red candles has been   fixed again. I think I caught a great moment  again. and as you can see, the ADX indicator lines  

[05:04] are crossing each other again. the stoastic  oscillator also gives me a signal. It   is a very good fact that the green candle  crosses the middle white line of the bollinger  

[05:16] bands. now, I want to tell you about the CCI.  The CCI indicator compares the current price   with the average price over a specific period  of time. It can be used in different strategies  

[05:32] and in different ways also. For example, I  found this method very useful because here it is   necessary to have at least one indicator like CCI  to understand how good the currency price is  

[05:48] at that moment. It's so cool to have another win.  Great friends. As you can see on the platform, the   green candle ended and reached its highest point  above the blue line of the Bollinger bands and  

[06:06] then the downward movement began with two candles  so far. But the main factors here are the ADX lines which intersect each other. Also, the  yellow line of the CCI has come out of the buy  

[06:22] position and maintains its middle position. the  red and blue lines of the Stocastic Oscillator   intersect and also come out of the buy position.  And if you look all the actions of the indicators  

[06:37] occur in combination with each other which is  a perfect signal for me. it's great. I won, but it's not so convincing  because the trade almost ended where I started and  

[06:57] that's why I'm continuing to trade from the same  position in a downward direction. As I said   the signals are the same and almost nothing has  changed in this particular situation, which  

[07:12] is very good fact. Now I want to return to the ADX  indicator. Friends, no matter how strong signals   of other indicators give me, if the ADX lines  do not cross, I simply don't open the position  

[07:25] because as I already told you, the crossing is  the main signal of this method. As you can see,   so far the candles are moving successfully and  I hope it will continue like this to the end.

[07:43] Just a little bit down, please. Cool. Five wins  out of five trades. As you can see, this method  

[07:55] works very well for me. guys, I could not  explain in this video the extension of the   blue and the red lines of the Bollinger  bands and why I put them on these specific  

[08:08] periods. the Bollinger bands indicator helps  me to determine volatility and also price levels.   in short, the Bollinger band lines  act as support and resistance levels. When the  

[08:22] candle stop at the Ballinger bands line and  then start moving in the opposite direction,   the difference between the red line and the blue  line is the strength of the signal. If the candle  

[08:34] start moving in the opposite direction from the  blue line, this is a strong signal. And if it   start from the red line, it's a relatively weak  signal. I hope you understood everything in detail  

[08:48] and I wish you very very successful trading days.  See you in the next video. Thank you so so much.