This highly profitable scalping strategy on the 1 minute chart performs very well in this series of 100 back tested trades. This goes to show how easily a decent …
44 Comments
CAREFUL ANYONE NOT USING THE TRADINGVIEW VERSION OF THE ENGULFING PATTERN FINDER. Their version doesn't signal A LOT of actual engulfing patterns and the results are much better because of this. Whatever the tradingview engulfing pattern finder is doing makes the signals much better. So do not trade this with any other engulfing pattern signal. Thanks for watching!
Engulfing bars don't show up even though I followed the same steps as you did. Am i missing something ..Or is it because of free version of trading view
my question is, if you make let's say, 50$ benefits per trade, how does fees/commissions affects you? is it possible that these fees are higher than 50$, which is the earned amount exposed in this case? many thanks for your help, great video btw!
I have a problem when opening 1 min chart the candles are not full but only few of them only small lines left from candles, when I switch to akashi candles they show nicely but the engulfing bear and bull do not work on akashies, any comments?
Idea seems worth checking out. Candle patterns hold quite a lot of force. But man… That manual backtesting is some cavemen shit right there. In the amount of time you spent testing, I wrote up script that finds best permutation of indicator inputs for my strat and literally crunches through thousands of hours per minute.
Hey man, appreciate what you are doing!! did you made scipts for strategytester for all the strategies on your YT channel? Would like to play around with them:)
hey trade pro PLS REPLY you say that there's low fees and no spreads in crypto world. yes there are low fees to be found but how do your say there is no spreads? the btc spreads having the highest liquidity have very large spreads as I can see… do you wanna imply that the price movements in the scalps would be large enough to mitigate the effect of those large spreads????
Here is a question for the group. I really like this channel and this group. My question is what platform is best for crypto trading with this strategy? I have started utilizing Trading View and love it. Im looking for the best crypto broker that will interface with Trading View. Thanks in advance!
Successful people don't become that way overnight. What most people see at a glance wealth, a great career purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
I just back tested this myself 100 times and my results were WINS: 42 LOSSES: 58 which is resulted in a profit of 26% before fees. Hopefully i can somehow optimise to improve my results. Anyone have any ideas?
In fact we used same indicators & Bullish/Bearish engulfing pattern finder that you taught!! And we even used same pairs and some more pairs to make sure about the strategy! So far we have tested the top 4 strategies on your list, but our results in different pairs are far from yours.
Are you sure about the results? We tested this strategy 100,200,500 times (if the coin had that history) on 1m, 5m, 15m and 30m charts for BTC, ADA, ETH, DOT, BNB, FILE, XRP but the maximum % profit 5.98 % ! it just wasted our time ! Most of trades are closed at next candle by trigger Stop Loss ! even we tested it with ATR !
Unfortunately, I replicated this strategy (on tradingview) from April 20, 2021 on btcusd 1 min timer, and the results were terrible. 35 wins, 65 losses, -0.33 Gain in account… what gives?
hey trade pro in the beginning of the video you say that there are very good chance of finding no spreads and super low fees in crypto space. could you please elaborate? every forex broker has high spreads especially in the crypto pairs…. thanks a lot btw as soon as I become profitable I'll be doing a sizable charity in your spirit in my home country because your videos has been awesome so far
I papertradet this strategy on the Futures Markets. The result are good so far, around 45% winrate, 1:2 R, so profit factor is around 1.6, after 80 papertrades. How would you filter the signals? Any recommendation? I took divergence, but unfortunatelly the results was not significant better. Thx for comments in advance!
Seems very promising, right now I'm not in a position to do this but if I become profitable, I'll make a sizable donation to you, thanks a lot mister. Btw i have a video idea, could you do a 'how to' video about using crypto futures with these strategies. Forex brokers are old useless compared to crypto exchange futures imo.
Im in your debt kind sir thank you I subbed and you've changed my whole approach to trading and I'm finally headed toward continuous profit im 2 and 2 right now going for 10 concecutive wins then all star mode
CAREFUL ANYONE NOT USING THE TRADINGVIEW VERSION OF THE ENGULFING PATTERN FINDER. Their version doesn't signal A LOT of actual engulfing patterns and the results are much better because of this. Whatever the tradingview engulfing pattern finder is doing makes the signals much better. So do not trade this with any other engulfing pattern signal. Thanks for watching!
whats the name of the music by the way thx nice strat
https://youtu.be/Tz6WlpnZR34
Love your videos bro, as anyone try this on higher frames?
Thaks and keep going the good work
The problem is at the moment the trend from btc is so trash mostly sideways trend and thats deadly
thank u !
thank you for existing!
do the opposite long below 200MA short above
Hmm. Interesting!! Will try it. Thanks0
Saying thank you is not enough, carlos_1uptradee []n lnster;gram you’re the best. Imma refer my friends and family to you. What a good helper……
Engulfing bars don't show up even though I followed the same steps as you did. Am i missing something ..Or is it because of free version of trading view
The spread wouldn't let you trade this as you presented. Also, it would have taken most of those stops.
my question is, if you make let's say, 50$ benefits per trade, how does fees/commissions affects you? is it possible that these fees are higher than 50$, which is the earned amount exposed in this case?
many thanks for your help, great video btw!
I have a problem when opening 1 min chart the candles are not full but only few of them only small lines left from candles, when I switch to akashi candles they show nicely but the engulfing bear and bull do not work on akashies, any comments?
Idea seems worth checking out. Candle patterns hold quite a lot of force. But man… That manual backtesting is some cavemen shit right there. In the amount of time you spent testing, I wrote up script that finds best permutation of indicator inputs for my strat and literally crunches through thousands of hours per minute.
47% on 49 wins and 51 lose it means the average profit of the trades is around 1% each, that is impossible in 1 minute time frame
Hey man, appreciate what you are doing!! did you made scipts for strategytester for all the strategies on your YT channel? Would like to play around with them:)
Which RSI is it?
Also, can we not make an EA for this?
1 min TF is too quick for me. I'm going to test on the 15 min on small live account. will keep you guys posted on results 🙂
58% Win rate on test account but when I used it on my normal account I've got 33% ….idk bro I feel like I'm unlucky af.
hey trade pro PLS REPLY
you say that there's low fees and no spreads in crypto world. yes there are low fees to be found but how do your say there is no spreads? the btc spreads having the highest liquidity have very large spreads as I can see… do you wanna imply that the price movements in the scalps would be large enough to mitigate the effect of those large spreads????
Here is a question for the group. I really like this channel and this group. My question is what platform is best for crypto trading with this strategy? I have started utilizing Trading View and love it. Im looking for the best crypto broker that will interface with Trading View. Thanks in advance!
Mr Eddie Dewayne is the best, recommending him to all beginners who wants to recover losses like I did
How to make this better:
On buys, even if confluence is there with the 200 ema and the engulfing signal, do not take the signal if the rsi is over 70 (overbought).
On sells dont take sells if rsi is below 30 (oversold).
I didnt get the settings for the RSI
I wonder if this works on 15min frame because the spread is killing me? 😀
Successful people don't become that way overnight. What most people see at a glance wealth, a great career purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
This one although I struggled to understand everything I finally did manage to get it right.
I'll try this one on paper trade.
Thank you. I'm excited.
I just back tested this myself 100 times and my results were WINS: 42 LOSSES: 58 which is resulted in a profit of 26% before fees. Hopefully i can somehow optimise to improve my results. Anyone have any ideas?
In fact we used same indicators & Bullish/Bearish engulfing pattern finder that you taught!! And we even used same pairs and some more pairs to make sure about the strategy! So far we have tested the top 4 strategies on your list, but our results in different pairs are far from yours.
Your testing is great; however, you are including ALL signals that occur 24/7. Not realistic when a lot of the signals happen when you’re sleeping.
Are you sure about the results? We tested this strategy 100,200,500 times (if the coin had that history) on 1m, 5m, 15m and 30m charts for BTC, ADA, ETH, DOT, BNB, FILE, XRP but the maximum % profit 5.98 % ! it just wasted our time ! Most of trades are closed at next candle by trigger Stop Loss ! even we tested it with ATR !
What is the period use for the RSI ?
Unfortunately, I replicated this strategy (on tradingview) from April 20, 2021 on btcusd 1 min timer, and the results were terrible. 35 wins, 65 losses, -0.33 Gain in account… what gives?
hey trade pro
in the beginning of the video you say that there are very good chance of finding no spreads and super low fees in crypto space. could you please elaborate? every forex broker has high spreads especially in the crypto pairs…. thanks a lot
btw as soon as I become profitable I'll be doing a sizable charity in your spirit in my home country because your videos has been awesome so far
I papertradet this strategy on the Futures Markets. The result are good so far, around 45% winrate, 1:2 R, so profit factor is around 1.6, after 80 papertrades. How would you filter the signals? Any recommendation? I took divergence, but unfortunatelly the results was not significant better. Thx for comments in advance!
which platform has the lowest fee?
Seems very promising, right now I'm not in a position to do this but if I become profitable, I'll make a sizable donation to you, thanks a lot mister.
Btw i have a video idea, could you do a 'how to' video about using crypto futures with these strategies. Forex brokers are old useless compared to crypto exchange futures imo.
Im in your debt kind sir thank you I subbed and you've changed my whole approach to trading and I'm finally headed toward continuous profit im 2 and 2 right now going for 10 concecutive wins then all star mode
did the same thing for a sample group of 100 on BTC/USDT and won only 31 out of 100. yikes
Implement the same strategy live on demo and show it to viewers. If you believe in this strategy, then do it in real and show to us plz
Is the RSI on a 50 period or default 14?
i backtested this on btcusdt doesnt work unfortunately