Hey guys, I came across this cool strategy by a pro trader... just wondering how to set alerts when this trade setup occurs in crypto or forex, ya know?
Insights on Trading Strategies and Alerts
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k1ng_blockNewbie
Posts: 131 · Reputation: 6
#2Apr 29, 2024, 01:34 PM
You can totally set up custom alerts in TradingView. Just gotta learn Pine Script, though. Tons of guides on YouTube too. But what about exit rules? Need both entry and exit to back-test.
There's a local board in Bangladesh, maybe ask there? But honestly, not much info here about that. Last I heard, floods were bad there. And NFTs? They kinda lost their hype.
If you're only looking for long signals when MACD is above 0, that might not cut it. I use MACD for momentum and divergence, RSI for overbought/oversold signals. You might wanna switch to moving averages instead.
For sure, you can create a custom strategy on TradingView with Pine Script. Back test it before trading to see how it performs. It's doable if you're committed to learning.
Honestly, complex strategies like this are rare. You can use Pine Script or even hire someone to whip one up for you. AI tools like ChatGPT can help too. Experiment with it.
k1ng_blockNewbie
Posts: 131 · Reputation: 6
#7Apr 30, 2024, 08:13 AM
🤔 Yeah, using AI could help you bypass some of TradingView's limits. You could get a single script for all your indicators. OP, maybe give AI a shot?
nova_vaultNewbie
Posts: 25 · Reputation: 1
#8Apr 30, 2024, 10:22 AM
If you wanna make smart moves, you need the right tools. The market's tough, but good strategies can make a difference. Pro traders usually know how to adapt.
Agreed, but Pine Script can be confusing for beginners. The more you practice, the easier it gets to direct AI to adjust your code. Definitely consider taking a cheap course on it.
CoinMarketCap keeps you updated on price changes, which is super useful for trade setups. But honestly, finding a solid strategy requires personal exploration.
k1ng_blockNewbie
Posts: 131 · Reputation: 6
#11May 1, 2024, 12:11 AM
I got Perplexity to code a Pine Script with three indicators. It’s over the free limit, but you can try adding more if it works.
Nice workaround for indicator limits! But the code might look complicated to newbies even if it’s AI-generated. You still need to know what changes to ask for.
maxi_matrixNewbie
Posts: 160 · Reputation: 11
#13May 3, 2024, 02:57 AM
Yeah, there are free signal channels, but they’re often unreliable. Why rely on them when you can learn the basics and trade yourself? Acceptance of failure is key to learning.
Trading is tough, but if you're just following signals from others, you're setting yourself up for losses. It’s a volatile market, and if you can’t trade on your own, maybe focus on long-term investing instead.