A Trader Life
  • Introduction
  • Strategies
    • TOTUS
    • DOMINUS
    • One tool to rule them all
    • Scalper Crypto
      • Pair list 06/02/21
    • Swinger Crypto
    • CALCULUS
    • ETH V
    • BTC Correlation
    • IPSIMUS
    • VWAP Stock
    • MTF Stock
  • Courses
    • Anton Kreil – Professional Trading Masterclass
    • Introduction to Stocks
      • List of brokers for stock
      • Selling options for profits
      • Introduction to Stocks and Technical Analysis
    • Psychology
      • Some psychology
      • Inside a traders mind
      • 20 Trading rules
      • Do you want to be a professional trader?
      • Psychological Mindset
      • The defining decade and why your twenties matter and how to make the most of them now by Meg Jay sum
      • How to win friends and influence people by Dale Carnegie summary
      • Curious by Ian Leslie summary
      • A Mind For Numbers | Barbara Oakley summary
    • Excel Tips
      • Risk of ruining your account
      • How to make use of the peg ratio
      • How to combine a spread trade with PMI
      • How to calculate ATR
      • How to calculate implied volatility with excel
      • How to make use of distribution in financial markets using excel
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  1. Strategies

One tool to rule them all

This is a trend following strategy, designed to take beginning of a trend and ride it until there is a reversal inside. It does not matter if it's CRYPTO, FOREX, STOCKS, FUTURES or INDEXES. As long as there is a trend, this tool will get it.

For technical tools I am using a combination of almost all types of moving averages, using short, normal and long lengths (around 250 moving averages are inside).

For oscillators I use a combination of the most used oscillator (30 of them).

Lastly we have the price action rules, that goes together with the rating, so we can have an even better idea if the trend is ending, we have a reversal, or we are at the beginning of the trend.

PROS

  • Works with literally any pair, any market, any timeframe

  • Can have very high returns if used properly

  • Can be traded both manually or automated

  • Does not use a stop loss or take profit level

CONS

  • Requires manual trading

  • For maximum profits, trading experience is required

  • Pairs need to be monitored frequently

  • Does not use a stop loss or take profit level

  • If used incorrectly with leverage can lose the entire capital

Alert

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Last updated 3 years ago

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https://www.tradingview.com/script/uCCoDZIU-One-tool-to-rule-them-all-any-market-any-timeframe/www.tradingview.com