Yes the 45 degree angle rule is subjective but I do believe Rob Hoffman intended it to be less of an exact parameter and more of a "make sure there is a strong trend" sort of thing.
@Nick Zan I agree I could have said whether or not I think it is a good criteria for the strategy and why. As far as the pair tested goes that is always purely based on the individual request from a paying patreon subscriber so I am not choosing it based on my personal choice. Yes it would be ideal to do it how you suggest though.
Reset the chart and fix the ratio of the x and y axis. After that you can adjust the zoom to your liking. The option is under Scales>Lock price to bar ratio
also for me it's more effective to use the 45° line more like a trend line. I don't compare it with the slope of the ema, I just draw a second trend line parallel to the 45° line to check the actual trend and to look if the angle is over or under 45°, depending on if I'm short/long.
Pro Tip that started my proffessional trading career, focus on risk management as your #1 priority. It is what seperates beginner traders from profitable ones, seriously. As a trader you should have 4 trade results, Big Win, Small Win, Break Even, and Small Loss. This concept will maximize your returns and its somthing I preach about! Good luck guys!
Pro pro tip - eliminate the “break even” option. It indicates either getting into trades you’re not confident in and thus shouldn’t be in, or being uncomfortable with the risk size you entered with, which you should never be. You should either hit your minimum take profit level, or let it hit your initial stop at your predefined risk, that you are happy to lose on a good setup. Win big or small is all about profit taking strategy which is dependent on timeframe.
Right click on the chart and use reset chart (or press Alt+R). Go to the second tab from the left of the chart, select the 6-th item "trend angle" and draw a trend angle on the chart. Double click on that trend angle in the chart, go to "coordinates" tab and set angle to 45. For the other trend angle, set angle to -45. Find on the chart the area where 20 EMA is greater than 45 (or -45) angle. Then, you can zoom in and search for the right setup candles. Repeat the reset chart step to be shure that your 20 EMA is greater than 45 or less than -45 degrees angle. Thank you @Trade Pro.
@Geneboie doesnt work because each user can have a different height width on the chart and there non mstchin "45" degree angles. Mathmaticaly and can be calculated by taking the atan (of the source [ like ema 29], linear slope, number of bars to detect the linear slope over) * pii...google the questuon how calcilat in degrees the slope of a line for examples. I do it in my own custom thinkorswim studies all the time
@@terrywilson8608 It's not necessarily about ignorance, some has the mind of investing but afraid to meet, trade and invest with wrong and unprofessional brokers
FYI...Select Trend Line as a drawing tool, place a point on your chart, hold Shift and start moving the 2nd point - Trend Line angle will change to 45 degrees accordingly.
This is amazing. I started using this type of trading based on the doji candle extreme wick fills only a couple of months ago after going back and studying market architecture trying to find some design..or some trigger of longer trades at S and R and getting into them. I call them indecision candles. I did notice that when either the top or bottom wick was broken by a following momentum candle which was followed by another..you had a great trade. It has proven to be absolutely amazing.Never heard of Hoffman..but it looks like there are similarities. I also use cumulative delta to confirm. If I simply wait take this trade..and it appears many times during a day on 3 min. charts..I do very well.
Most people just log on to UA-cam to get info on the stocks to pick, without basic understanding on portfolio selection and risk tolerance. Also get the best from a financial advisor and work on your investing tolerance and with time you'd be a grand master....
It fascinates how investors pull through this in the investments space When stocks n coin at a time Inflate and deflate without notice, for me I would have had a heart attack
@@princessorela6316 You make it seem unreal to make up to that as a passive income annually, when its clearly possible. I have made over 3Hunnid & eighty thousand dollars. “Counting averagely” from January till now with no joke game plan. She’s a masterpiece and her name’s Lilliana
First of all, I have to say that this channel has one of the best content ever. As for this video, here's a little math: The slope of any curve is the relationship between the Y axis and the X axis. In this case it is the relationship of Price and Time. If we only visually try to determine the slope, ie. angle as you call it, we will not be able to do it correctly if we do not first fix the dimensions of the X and Y axes. If someone enlarges the screen, for example along the X axis, they will have the impression that the slope of the curve is smaller. It is the opposite for the Y axis. Therefore, it is necessary to first of all say for what ratio Price and Time the angle of 45 degrees refers, or calculate the so-called slope of the curve at the point as such that dY / dX> 1 is obtained. Otherwise, the whole story depends on the experience of the trader and the training of his eye to determine the right size of the image on the screen and in this regard measure an angle of 45 degrees
Definitely true. Luckily, there are indicators like "slope of the ema" on tradingview that provide a more objective way of measuring the strength of a trend
I tried this on SPY and added ADX with settings 5 on the 5min chart and I only took trades if ADX was over 30 at the same time the entry signal was given. I also did it with 1:2 RR. 100 trejds. 64% hitrate, sounds sick, but I really recomend everyone who read this to backtest it!
Regarding the angle issue you can experiment with this indicator COLORED MA WITH ANGLE in trading view. It comes configure for 40 degree angle by default but you can change this value to 45. Maybe it can help. I am using it.
Nice video and concepts. I only have a small problem with the 45 degree rule. It seems a bit subjective to me. Because you can literally stretch the axes to get a 45. More realistically I would use TTM squeeze or ADX to code these high momentum trades. I think people should probably run some statistics tests on the history of the slopes to re-define the 45 degree.
Yes for sure it is definitely subjective and I cannot explain Rob Hoffmans logic behind that rule. I think it's less of an exact parameter and more of just saying "look for a strong trend"
In this case you would use TV default zoom right? That's what I do and it works like a charm. Of all the strats on this channel this is by far the easiest to read for entry
Hey tradepro, there's an interesting strategy i would like to share, might even end up in your top10 category. Us30 on 15m tf 20 ema U can use session indicator Its simple scalp U just have to see First 15m candel of ny session closed above below 20 ema. Closed below 20ema sell if above buy. 50 pips and out. No fixed SL. Try it out. With ur thing ✌️
I've been making passive income monthly from crypto for over a year tho' I prefer trading with the help of a professional broker because it saves me time and reduces the risk of losing funds in trading as we all know how volatile the market is
Reading about people grabbing multi-figures monthly as income in investment even in this crazy days in the market,any pointers on how to make substantial progress in earnings? would be appreciated!
*It’s strange how people talk about all the profits they’ve been making through trading of bitcoin, while am here not making any profit at all. Please can someone put me through on the path.*
Bitcoin is the true decentralized cryptocurrency to ever exist in the world. I'm actually new to trading in bitcoin and can say authoritatively it's an aspect of gaining financial freedom
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification
I think the key thing here is working with a professional. Yes people have devoted their lives to making profits in the market, but those of us who haven’t but are interested in investing can simply work with them.
Hey Tradepro, great video as always. Quick question.... When you set a stop order using this system, do you have a set maximum number of bars you'll allow to trigger it. For example, if it doesn't trigger after let's say five candles, do you abandon the trade and move onto the next? Or do you just set and forget?
This season has been really great 😇 I was able to build a big income stream investing with Mrs Maya Payson, You’ve changed my whole life, Thanks so much
This Lady Called Maya Payson must be very good for people to talk about her this much. she handles my colleague's investment too. I'm surprised to see you talking about her.
@@angelmiguel133 Yes Miguel she's very good, one of the best. A registered investment Advisor that's well grounded on financial market. I. Met her once during a trading conference in London.
You invest with Mrs. Maya too, Wow, That lady has been a blessing to me. At first I was really doubting the process until I decided to give it a try, honestly the returns was massive.
i'm well pleased to meet you Mark, I also invest with Mrs. Maya, ever since my first investment with her i have never for once had any issues when withdrawing my profits. she is straightforward.
I am not here to converse for her but to share a testimony of what I confirmed, she’s the best broker i know who is sincere, trustworthy and reliable. kudos! Maya
The problem rise when you try to figure out whether you have a 45 degree angle. I mean if you move the price zoom in or zoom out the angle changes. What would you recommend to do? Use the auto fit data to screen? cheers
Just one question. After a trigger, when you put your entry and wait for the next candle hit that entry, if the next candle dont hit that entry, do you keep waiting until entry position gets hit or close the entry position and wait for another trigger to get in?
Isn't the 45 degrees angle relative to how "strechted" your display or your chart will be? Or are you using a fixed display ratio ? In which case how do you set it in TradingView ?
If you're interested, I found this indicator called "slope of the EMA" on tradingview for a strategy I've been trying, which outputs the slope of an ema at each point of time on an objective scale 👍
i believe there is no way to trade an angle on a chart... as all charts can be streched to fit this angle. i'm currently reading "the new market wizards" and i think William Eckhardt said the same :D but all these wizards have different systems. Maybe if you work look hard enought you can find a way to implement this for you ;P
how u identify the EMA slope objectively? or just subjectively see if the slope is steep enough, since streching in or out the chart will have different slope
@@stevedunphy6253 it won't give you an angle but it outputs a number depending on the slope of the ema. Find out what number corresponds to a ~45° angle and only enter when the indicator is above that number
the question about 45 degree rule: I'm thinking about create my own indicator - time range will be fixed (for example 1 candle = 1 point) and price range will be fixed by price (lower price will be the zero line of triangle) and change (delta) between two prices will be defined as a length of triangle leg. than I can simply calculate angles. based on the results I can set the output ranges and define ranges for strong and week trend ... something like RSI - 70 / 30 lines ... inputs: number of points for one candle (1 candle = 100 points for ETH and 1000 points for BTC), number of candles where I want to measure an angle, EMA length, strong trend range (above this line) and weak trend range (below this line). Output: angle (decimal). it's sci-fi or it could work ?
Dear Trader Pro I have the following insight, please correct me if I have misunderstood something. At 6:43 in the first example, you point out that you only make a move if there is a 45 degree angle on the EMA (lower timeframe). However, the angle was nowhere near 45 degrees when you placed the buy order, only about 30 degrees. It is another matter that it suddenly became steeper afterwards, but then you should not have been sitting in position. Second Position: The tail of the next candle goes beyond the stoploss, what makes you think it hit the profit limit, not the stoploss first?
The Inventory Retracement Bar used for the entry shouldn't be bigger than 1.5x-2x the ATR(10). Just a piece of info I gathered after backtesting it a bit. If the entry IRB is to big, the momentum may be already squandered and you end up with your trade triggered in the midst of a reversal. Awesome vid! Cheers
Hi TradePro (Eric) - Thank you for ALL your time and effort in putting these videos together. I know only too well how much time backtesting takes. I have a Crypto Alt-coin strategy that is really smashing it for me right now. I've been trialing it for months now. What is the best way to share this with you for your own testing/channel? Thanks, Rick
For the ones who have back-tested this strategy and have not found profitability like shown in the video, It's not because of the subjectivity of the 45 degree angles, or at least, not fully because of it. It is largely because this channel DOES NOT back-test strategies HONESTLY in the first place. Whatever numbers that are shown to you after the 100 trades are 100% of the time inaccurate. Proof? First few trades have already shown that price could very well hit his Stop-loss BEFORE hitting his Take-profit but he disregards that all the time and assume the trade is won. You can safely assume this for most of the strategies tested here - the true net prof. after 100 trades is his results - 50%. Shame on creators like you who misguide newcomers in the community.
Great call out, you can clearly see on the very first TWO they both got stopped out. This completely throws his results and testing out the window.. Poor form really.
@@arashabroshan i got great results. Backtested over 3 months of charts across 5 assets(500 trades), including BTC on 15 min chart. Not sure what on earth are you doing....
Same here. Forward tested on 5 minutes chart and after a week and more than 12 trades a day across different pairs I am well into profit and about 60% success rate.
@@dzizs I guess what’s he doing wrongly is that he’s backtesting honestly. And thats why he has those results. I’m sure u’re as delusional as the channel during backtesting, recording losses as wins (:
well i m using this indicator, the thing is sometimes one of these arrows (signals) just dissapears when the next candle opens. Is the entry signal still valid if that happends? Much appreciated !
Looks promising. I've been testing the holy grail strategy with awesome results and a watchlist with all the bybit perpetual contracts for the crypto pairs. As soon as BTC moves there are at least 20-30 winning trades possible per day with a slight adjustment of the rules.
@@starboy143ng Yes - you can also add a line at 30 and 25 right at the bottom of the indicator's source code, which creates a channel you can monitor and also saves you the hassle to add it to every pair by hand. I've tried to share the code here but my comments would not post for whatever reason. Look up - add horizontal line to indicator tradingview pine sript. It's pretty easy. You should also use the 15m and 5m timeframe for crypto. Still enough time to calculate your position size. A lot of entries especially when BTC moves. The trailing stop loss is also a two edged sword. I tried a lot of profit taking @ 1:1.5 and 1:2.0 - Crypto is way to volatile IMO to use it. 1:2 works better but it boils down to personal risk tolerance. I've also added a SMMA indicator with the length set at 99 (chart timeframe) to keep an eye of the general trend - so more shorts if price is below it and longs if above. Hope that helped - below are links to the chart and the watchlist for the bybit pairs.
On 9:55 you say, that some trades are not getting triggered in. They woulve been triggered later though. Do you have a rule of thumb you use how long do you leave the order open before canceling it? Or are you waiting for the next green triangle and if the previous order doesnt gets triggered you cancel and marke a new trade?
I found Rob Hoffman explaining it himself and to be clear he says a 45 degree angle OVER THE LATE 20 BARS... So I am assuming he is saying to stretch it out so you can see 20 bars on screen then use the 45 degree thing. *copy n paste "Rob Hoffman- One Award-Winning Trading Strategy You Can Use Right Now" into youtube to find it for yourself. Skip to 15.00 for that part. What is your interpretation?
@♜ Pìnned by Trade Pro•• Mate nobody falls for these scams please give it a rest!! We're looking for useful information and you're spamming with this nonsense!
@@randytrashcan True, I have since come to the same conclusion. Nevertheless I have been testing it with live paper trades over the last few days, when I found the time. Using 5 min to 4h time frames even in this sideways / down market taking only long positions we currently have I am up over 6%. Total of 10 trades, 2 loss, 8 wins. I just set my own subjective 45 degree angle and it seems to be quite good so far. Also use stoch and set an alarm at 50% profit just in case it's not looking to hit target... Pretty happy with it so far.
@@henleybeach2396 I watched Hoffman's lecture on it here (the same one a number of folks have mentioned in the comments), and while he does once say to use a 45 degree angle on the EMA, he's talking about it very subjectively. When going through a few examples, he's merely talking about strong trends, either up or down. And that makes sense, as this strategy aims to take advantage of large pushes at breaks of resistance. I've been testing it out a bit as well, and I've noticed when coupled with a few rudimentary support/resistance zones and watching for a handful of IRB "flags" to form around the zone provides some solid confirmation of a breakout from the zone.
at 6:45, that entry bar's low goes below stop loss, while the high hits the profit target. You don't know how that bar unfolded in real-time, whether it hit SL vs. TP first, so you can't call that a winner (unless you went to the lower timeframes to confirm).
@@shanepascoe1078 the first one is definitely a winner. Remember, he's entering the trade only if price subsequently crosses the high of the bearish retracement bar, so on the first trade, he enters on the 3rd bar after the bearish retracement bar as that is when price crosses above it - but I don't know how many bars he is allowing to pass by before canceling the limit order... probably as long as price is above short EMA for longs, or below it for shorts.
I like your videos, ty. In this strategy it seems a lot of times in your example price hit SL in the 1 candle u open the trade, so it's not a win trade. Am i wrong?
From what I understand abt Hoffman's strategy- entry is 1 cent/ pip/ tick, above/below the IRB (depending on long or short). He uses trailing stop loss along the 20ema... your stops seem too tight thus ppl having problem with it not working right. Stock must be in a momentum move if its an uptrend in something really going sideways this wont work
Sorry to comment again. I backtested 10 Forex Pairs with this "strategy". I was even stricter with trend definition. It is impossible to achieve a positive hit rate with this on any time frame. I question the integrity of these videos. You should check strategies more throughly across various instruments. It is dangerous to give inexperienced traders the illusion of crazy profitable strategies. I am disappointed.
I see you testing manually, but isn't there any way to automate this? A software where you just select the variables and conditions you want to test and let the it do the testing. I can't find anything on this. I think this is really weird, because I feel this software should be already out there...
I’m in the process of writing an EA to trade this strategy - with regards to the 45 degree angle requirement that’s a bit of a none starter as far as writing the code is concerned. I’m going to try and use high time frame confirmation for the trend, something I’ve used in the past to good effect. If you get the rules right and for example have all timeframes from 15min to the daily trending in the same direction, your usually good to go.
Investing in cryptocurrency is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent Payouts, with the rights skills and proper understanding of how the market works, i pray that anyone who reads this become successful in life.
Mrs Pamela Morgan is the right person to start trading cryptocurrency with.. she knows her way around the crypto world.. she has been helping me increase my investment every day for over months... She is a genius, have made close to 1btc through her
The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy
It looks like you don't take into account commission, which if I do and use 1.5 risk/reward it's almost a loss everytime. Most gains on BTC are below the 0.8% commission fees. Did you take commission into account?
i have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
ByBit would be your best bet. When you place limit orders you actually get a small rebate for providing liquidity to the exchange. Takes away all fees.
Respect but shit what is displayed to me in the ANGEL. Thanks for the video but what's with the angle? the angle you set changes when you zoom or magnify. how do you adjust the angle? I can show you pictures of how an angle shows 2 different ones or changes by zooming
Hi. Could you make a video on how to set up your first trading robot ? Maybe start doing compareson/review of those services providers? Or just show how to set up one script of yours?
@@joctagon I can almost guarantee he woukd be using a fixed amount it would be insane to change the risk amount per trade as you woukd certainly lose money and there woukd be no way to calculate potential profit/loss without using fixed amounts. As for the percent that's a guess but most traders risk around 2 percent, it really doesn't matter what that figure is as long as it isn't rediculous, I wouldn't risk any more than 5 percent per trade as you could go through a long losing streak and destroy your account pretty quick. 2 percent is the most common risk per trade that trader's use
@@example6978 In one of these videos he paper trades BTC with a 10k account and buys/sells exactly 1 BTC every trade. Clearly over risking and over leveraged. This is why I'm interested to know the actual numbers used.
Excellent! But this strategy has been codified in a pine script with all its ideal parameters, in order to backtest it in a longer range of time? Thank you very much!🙋♂
On a 15 minute chart you either have to be trading with a ton of exposure to make the scalping worth it, or this shouldn’t be for BTC. It’s way to expensive to scalp with all the fees in my opinion. So you’d either need a ton of leverage or a ton of capital on a single trade to make money off those tiny moves.
If you look at candle that isnt formed yet then yes slope changes, so basicaly you have to wait untill candle closes and then determine your course of action.
It appears that the long entry is at the high of the wick in SOME cases and at the high of the body in others. 7:10 shows the high of the body. Please confirm correct method.Thx
Depends whether you're long or short. Entry is the extremity in the direction you want. Stop loss is just beyond the other extremity. So if long, SL is just below previous low. Entry is just above previous high.
@@leebourgoin4918 It's simple to perform a quick check. I'm finding an extreme amount of being stopped out. I make a note of 45 deg periods with a reset chart then view the stops during those periods. I wish that I'm mistaken but can't see how.
for longs, entry is always right above the high of the bearish retracement wick and only based on that wick. The bar that the entry happens on is irrelevant.
Can anyone explain how the 45 degree angle thing works? Is it relative to the crossover of the EMAs? Or just 45 degrees on the chart? Should I draw my 45 degree line at the cross but relative to the chart? This is very confusing to me hahah
I appreciate all the effort you go through with showing the trading strategies. But it would be good to show how the strategy, using the same settings, perform on different instruments e.g. forex + stocks + crypto. I feel that all these strategies are very limited to certain instruments and timeframes.
Trade pro put in this vid description that the strategy has been claimed to work on all timeframes and all instruments. I still recommend to be cautious and backtest it first.
Though these channels are very useful, especially this one, anyone worth their salt is still gonna recommend that you backtest it yourself. That's the work that goes into trading - you can't just blindly put your money on everything just because you saw a youtube video, you still have to do some of the legwork yourself.
Yes the 45 degree angle rule is subjective but I do believe Rob Hoffman intended it to be less of an exact parameter and more of a "make sure there is a strong trend" sort of thing.
@Nick Zan I agree I could have said whether or not I think it is a good criteria for the strategy and why. As far as the pair tested goes that is always purely based on the individual request from a paying patreon subscriber so I am not choosing it based on my personal choice. Yes it would be ideal to do it how you suggest though.
have you tried with heikin Ashi?
Reset the chart and fix the ratio of the x and y axis. After that you can adjust the zoom to your liking. The option is under Scales>Lock price to bar ratio
also for me it's more effective to use the 45° line more like a trend line. I don't compare it with the slope of the ema, I just draw a second trend line parallel to the 45° line to check the actual trend and to look if the angle is over or under 45°, depending on if I'm short/long.
Yes people if you watch the 1 hour video of his, it is subjective and once you start to test it, you will see what works. It is a good strat.
Pro Tip that started my proffessional trading career, focus on risk management as your #1 priority. It is what seperates beginner traders from profitable ones, seriously. As a trader you should have 4 trade results, Big Win, Small Win, Break Even, and Small Loss. This concept will maximize your returns and its somthing I preach about! Good luck guys!
Your videos have helped me so much as a trader! Appreciate this tip!
100%
As someone who HAS lost money, this is the truest thing. I love trading and won’t ever stop, always learning, tweaking, testing.
Pro pro tip - eliminate the “break even” option. It indicates either getting into trades you’re not confident in and thus shouldn’t be in, or being uncomfortable with the risk size you entered with, which you should never be.
You should either hit your minimum take profit level, or let it hit your initial stop at your predefined risk, that you are happy to lose on a good setup.
Win big or small is all about profit taking strategy which is dependent on timeframe.
My acount have small wun and big loss but still profitable,coz my strategy have 90% win rate
Right click on the chart and use reset chart (or press Alt+R). Go to the second tab from the left of the chart, select the 6-th item "trend angle" and draw a trend angle on the chart. Double click on that trend angle in the chart, go to "coordinates" tab and set angle to 45. For the other trend angle, set angle to -45. Find on the chart the area where 20 EMA is greater than 45 (or -45) angle. Then, you can zoom in and search for the right setup candles. Repeat the reset chart step to be shure that your 20 EMA is greater than 45 or less than -45 degrees angle. Thank you @Trade Pro.
thanks man
@Geneboie doesnt work because each user can have a different height width on the chart and there non mstchin "45" degree angles. Mathmaticaly and can be calculated by taking the atan (of the source [ like ema 29], linear slope, number of bars to detect the linear slope over) * pii...google the questuon how calcilat in degrees the slope of a line for examples. I do it in my own custom thinkorswim studies all the time
Now should be the best time to buy and hold Bitcoin because it will soon come up to a standard rate which enough profits will be granted.
I'm so happy I just got into bitcoin trading and I made my first profits, I wish i know about bitcoin earlier I would have made a lot of money by now
Seriously for real bitcoin is a life changing business which can change anyone
Generally the world is now aware of bitcoin trade
Some people stay out of investing or getting to try something new due to ignorance that's it.
@@terrywilson8608 It's not necessarily about ignorance, some has the mind of investing but afraid to meet, trade and invest with wrong and unprofessional brokers
FYI...Select Trend Line as a drawing tool, place a point on your chart, hold Shift and start moving the 2nd point - Trend Line angle will change to 45 degrees accordingly.
Good One Dianne, never knew this is possible
Thx. And using this way it always stays at 45 right? Might look flat but in relevance with the ema it still stays at 45? I think Im right there??
Just messing around with it and I guess it all depends on how your chart is when u put the line down. Hmmmmm
This is amazing. I started using this type of trading based on the doji candle extreme wick fills only a couple of months ago after going back and studying market architecture trying to find some design..or some trigger of longer trades at S and R and getting into them. I call them indecision candles. I did notice that when either the top or bottom wick was broken by a following momentum candle which was followed by another..you had a great trade. It has proven to be absolutely amazing.Never heard of Hoffman..but it looks like there are similarities. I also use cumulative delta to confirm. If I simply wait take this trade..and it appears many times during a day on 3 min. charts..I do very well.
That sounds really interesting. Could you make a video about it Nick?
Most people just log on to UA-cam to get info on the stocks to pick, without basic understanding on portfolio selection and risk tolerance. Also get the best from a financial advisor and work on your investing tolerance and with time you'd be a grand master....
It fascinates how investors pull through this in the investments space When stocks n coin at a time Inflate and deflate without notice, for me I would have had a heart attack
you need to have a brief on what you wanna invest in carefully before going in
@@princessorela6316 You make it seem unreal to make up to that as a passive income annually, when its clearly possible. I have made over 3Hunnid & eighty thousand dollars. “Counting averagely” from January till now with no joke game plan. She’s a masterpiece and her name’s
Lilliana
Kindly reach her through her telegram
*LillianDora*
Indicators are very lagged so one cannot rely on them instead they should look into learning price action trading with her, she's a good one
First of all, I have to say that this channel has one of the best content ever. As for this video, here's a little math: The slope of any curve is the relationship between the Y axis and the X axis. In this case it is the relationship of Price and Time. If we only visually try to determine the slope, ie. angle as you call it, we will not be able to do it correctly if we do not first fix the dimensions of the X and Y axes. If someone enlarges the screen, for example along the X axis, they will have the impression that the slope of the curve is smaller. It is the opposite for the Y axis. Therefore, it is necessary to first of all say for what ratio Price and Time the angle of 45 degrees refers, or calculate the so-called slope of the curve at the point as such that dY / dX> 1 is obtained. Otherwise, the whole story depends on the experience of the trader and the training of his eye to determine the right size of the image on the screen and in this regard measure an angle of 45 degrees
Definitely true. Luckily, there are indicators like "slope of the ema" on tradingview that provide a more objective way of measuring the strength of a trend
Thanks for that information. It hurt my brain a little bit but definitely need to know that.
I tried this on SPY and added ADX with settings 5 on the 5min chart and I only took trades if ADX was over 30 at the same time the entry signal was given. I also did it with 1:2 RR. 100 trejds. 64% hitrate, sounds sick, but I really recomend everyone who read this to backtest it!
EMA 20 (5 min tf) , ADX ( above 30 ) + hoffman indicator on 5 min TF right?
You still doing well with that?
Regarding the angle issue you can experiment with this indicator COLORED MA WITH ANGLE in trading view. It comes configure for 40 degree angle by default but you can change this value to 45. Maybe it can help. I am using it.
cant find anything with that name. do you have a copy
Nice video and concepts. I only have a small problem with the 45 degree rule. It seems a bit subjective to me. Because you can literally stretch the axes to get a 45. More realistically I would use TTM squeeze or ADX to code these high momentum trades. I think people should probably run some statistics tests on the history of the slopes to re-define the 45 degree.
Yes for sure it is definitely subjective and I cannot explain Rob Hoffmans logic behind that rule. I think it's less of an exact parameter and more of just saying "look for a strong trend"
@@tradepro Rob Hoffman stated in a lecture about the IRB on UA-cam he calculates the EMA angle based on the previous 20 bars
Using the 45* angle works well enough IF you reset ones chart and only scroll without stretching the chart--only because one is being consistent.
TTM squeeze and Cipher B 🔥
In this case you would use TV default zoom right? That's what I do and it works like a charm. Of all the strats on this channel this is by far the easiest to read for entry
Hey tradepro, there's an interesting strategy i would like to share, might even end up in your top10 category.
Us30 on 15m tf
20 ema
U can use session indicator
Its simple scalp
U just have to see First 15m candel of ny session closed above below 20 ema.
Closed below 20ema sell if above buy.
50 pips and out. No fixed SL.
Try it out. With ur thing
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Understanding the concept of crypto is of great importance. Many had venture into it blindly and today crying foul.
You're right
I'm thinking of investing in the Crypto market but taking my time to figure out how the whole thing works
I've been making passive income monthly from crypto for over a year tho' I prefer trading with the help of a professional broker because it saves me time and reduces the risk of losing funds in trading as we all know how volatile the market is
Crypto is volatile which is why most successful investors trade with professional brokers
Reading about people grabbing multi-figures monthly as income in investment even in this crazy days in the market,any pointers on how to make substantial progress in earnings? would be appreciated!
How do u know when the candle ur entering is at its high or low?
You dont. You put a pending order above/belove the ir-candle. If the order gets hit then u hope that the price is going in ur favor. Thats it
@@m.w.9231 oh I see, appreciate the response 🙏
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It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification
What matters is getting yourself a good investment company that knows how to make profits
@@jessiecoleman4870 Exactly, the trick is to diversify your investment, don’t panic when everyone else is and invest constantly
I think the key thing here is working with a professional. Yes people have devoted their lives to making profits in the market, but those of us who haven’t but are interested in investing can simply work with them.
Hey Tradepro, great video as always. Quick question.... When you set a stop order using this system, do you have a set maximum number of bars you'll allow to trigger it. For example, if it doesn't trigger after let's say five candles, do you abandon the trade and move onto the next? Or do you just set and forget?
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Thank you. What do you think about smart money concepts? Any way to backtest a strategy using this concept based on order blocks, liquidity etc.
The problem rise when you try to figure out whether you have a 45 degree angle. I mean if you move the price zoom in or zoom out the angle changes. What would you recommend to do? Use the auto fit data to screen? cheers
2:00 but how do we know that those traders enter at those candles in the first place?
Is there a indicator that changes the collor of EMA 20 from when it is in 45 degree and when it is not?
Just one question. After a trigger, when you put your entry and wait for the next candle hit that entry, if the next candle dont hit that entry, do you keep waiting until entry position gets hit or close the entry position and wait for another trigger to get in?
Isn't the 45 degrees angle relative to how "strechted" your display or your chart will be? Or are you using a fixed display ratio ? In which case how do you set it in TradingView ?
I have the same question. The angle rule seems a bit subjective.
Right click and "reset chart" then look for the 45 degree angle.
If you're interested, I found this indicator called "slope of the EMA" on tradingview for a strategy I've been trying, which outputs the slope of an ema at each point of time on an objective scale 👍
i believe there is no way to trade an angle on a chart... as all charts can be streched to fit this angle.
i'm currently reading "the new market wizards" and i think William Eckhardt said the same :D but all these wizards have different systems. Maybe if you work look hard enought you can find a way to implement this for you ;P
@@alexd9134 that's a good one, thanks. I'll try this one out.
Does this work with heikin ashi?
how u identify the EMA slope objectively? or just subjectively see if the slope is steep enough, since streching in or out the chart will have different slope
Right click and "reset chart"
Use "slope of the ema" indicator and take all setups above a certain threshold 👍
@@alexd9134 can you explain this. I have it on and the line hovers just over and under "1.00". How is this giving me an angle??
You could also try a faster EMA (i.e. 10), and treat it like a binary filter (it's either sloping up or down).
@@stevedunphy6253 it won't give you an angle but it outputs a number depending on the slope of the ema. Find out what number corresponds to a ~45° angle and only enter when the indicator is above that number
the question about 45 degree rule: I'm thinking about create my own indicator - time range will be fixed (for example 1 candle = 1 point) and price range will be fixed by price (lower price will be the zero line of triangle) and change (delta) between two prices will be defined as a length of triangle leg. than I can simply calculate angles. based on the results I can set the output ranges and define ranges for strong and week trend ... something like RSI - 70 / 30 lines ... inputs: number of points for one candle (1 candle = 100 points for ETH and 1000 points for BTC), number of candles where I want to measure an angle, EMA length, strong trend range (above this line) and weak trend range (below this line). Output: angle (decimal). it's sci-fi or it could work ?
How do you define your 45deg angle as your price scale can change and so your angle ?
Dear Trader Pro
I have the following insight, please correct me if I have misunderstood something.
At 6:43 in the first example, you point out that you only make a move if there is a 45 degree angle on the EMA (lower timeframe). However, the angle was nowhere near 45 degrees when you placed the buy order, only about 30 degrees. It is another matter that it suddenly became steeper afterwards, but then you should not have been sitting in position.
Second Position: The tail of the next candle goes beyond the stoploss, what makes you think it hit the profit limit, not the stoploss first?
The Inventory Retracement Bar used for the entry shouldn't be bigger than 1.5x-2x the ATR(10).
Just a piece of info I gathered after backtesting it a bit. If the entry IRB is to big, the momentum may be already squandered and you end up with your trade triggered in the midst of a reversal.
Awesome vid! Cheers
Good Point! Thank you for Sharing!
Hi TradePro (Eric) - Thank you for ALL your time and effort in putting these videos together. I know only too well how much time backtesting takes.
I have a Crypto Alt-coin strategy that is really smashing it for me right now. I've been trialing it for months now. What is the best way to share this with you for your own testing/channel? Thanks, Rick
What would the strategy say about something that has both a long and a short signal, like a wide-range doji candle?
What is the angle tool that you use?
Trendline + shift
For the ones who have back-tested this strategy and have not found profitability like shown in the video, It's not because of the subjectivity of the 45 degree angles, or at least, not fully because of it. It is largely because this channel DOES NOT back-test strategies HONESTLY in the first place. Whatever numbers that are shown to you after the 100 trades are 100% of the time inaccurate. Proof? First few trades have already shown that price could very well hit his Stop-loss BEFORE hitting his Take-profit but he disregards that all the time and assume the trade is won. You can safely assume this for most of the strategies tested here - the true net prof. after 100 trades is his results - 50%. Shame on creators like you who misguide newcomers in the community.
i justback-tested this ...bitcoin on 15 min horrible result and i was wondering what went wrong
Great call out, you can clearly see on the very first TWO they both got stopped out. This completely throws his results and testing out the window.. Poor form really.
@@arashabroshan i got great results. Backtested over 3 months of charts across 5 assets(500 trades), including BTC on 15 min chart. Not sure what on earth are you doing....
Same here. Forward tested on 5 minutes chart and after a week and more than 12 trades a day across different pairs I am well into profit and about 60% success rate.
@@dzizs I guess what’s he doing wrongly is that he’s backtesting honestly. And thats why he has those results. I’m sure u’re as delusional as the channel during backtesting, recording losses as wins (:
well i m using this indicator, the thing is sometimes one of these arrows (signals) just dissapears when the next candle opens. Is the entry signal still valid if that happends? Much appreciated !
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Seeing all the questions about the 45 degree angle, I think we want to know the % of the delta from candle to candle.
how can I get the delta?
Dude, but if you zoom in or out of the graph, the angle of the ema changes, how do you make it the true angle? is there any way?
Looks promising. I've been testing the holy grail strategy with awesome results and a watchlist with all the bybit perpetual contracts for the crypto pairs. As soon as BTC moves there are at least 20-30 winning trades possible per day with a slight adjustment of the rules.
what are your adjustments my friend?
@@denisthebosss as long as the ADX is coming from below and all the other requirements are met you can take entries with the ADX @25 and above.
@@theomitrentsis is the ADX at default settings ?
@@starboy143ng Yes - you can also add a line at 30 and 25 right at the bottom of the indicator's source code, which creates a channel you can monitor and also saves you the hassle to add it to every pair by hand. I've tried to share the code here but my comments would not post for whatever reason. Look up - add horizontal line to indicator tradingview pine sript. It's pretty easy.
You should also use the 15m and 5m timeframe for crypto. Still enough time to calculate your position size. A lot of entries especially when BTC moves.
The trailing stop loss is also a two edged sword. I tried a lot of profit taking @ 1:1.5 and 1:2.0 - Crypto is way to volatile IMO to use it. 1:2 works better but it boils down to personal risk tolerance.
I've also added a SMMA indicator with the length set at 99 (chart timeframe) to keep an eye of the general trend - so more shorts if price is below it and longs if above.
Hope that helped - below are links to the chart and the watchlist for the bybit pairs.
A useful and competent explanation, so I tried it and it turned out that everything works fine. Special thanks to the author for such useful content.
So are you rich now?
On 9:55 you say, that some trades are not getting triggered in. They woulve been triggered later though. Do you have a rule of thumb you use how long do you leave the order open before canceling it? Or are you waiting for the next green triangle and if the previous order doesnt gets triggered you cancel and marke a new trade?
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I found Rob Hoffman explaining it himself and to be clear he says a 45 degree angle OVER THE LATE 20 BARS... So I am assuming he is saying to stretch it out so you can see 20 bars on screen then use the 45 degree thing. *copy n paste "Rob Hoffman- One Award-Winning Trading Strategy You Can Use Right Now" into youtube to find it for yourself. Skip to 15.00 for that part. What is your interpretation?
@♜ Pìnned by Trade Pro•• Mate nobody falls for these scams please give it a rest!! We're looking for useful information and you're spamming with this nonsense!
No, that wouldn't work either. Old screens were 800x600. Yours might be a 1080. Mine's a 1440, but I have an ultra wide as well.
@@randytrashcan True, I have since come to the same conclusion. Nevertheless I have been testing it with live paper trades over the last few days, when I found the time. Using 5 min to 4h time frames even in this sideways / down market taking only long positions we currently have I am up over 6%. Total of 10 trades, 2 loss, 8 wins. I just set my own subjective 45 degree angle and it seems to be quite good so far. Also use stoch and set an alarm at 50% profit just in case it's not looking to hit target... Pretty happy with it so far.
@@henleybeach2396
I watched Hoffman's lecture on it here (the same one a number of folks have mentioned in the comments), and while he does once say to use a 45 degree angle on the EMA, he's talking about it very subjectively. When going through a few examples, he's merely talking about strong trends, either up or down. And that makes sense, as this strategy aims to take advantage of large pushes at breaks of resistance.
I've been testing it out a bit as well, and I've noticed when coupled with a few rudimentary support/resistance zones and watching for a handful of IRB "flags" to form around the zone provides some solid confirmation of a breakout from the zone.
@@randytrashcan Exactly Randy, well put. Yes other technicals do strengthen the strategy and help that risk ratio and result.
It looks like the first two example trades you do get wicked out for a stop loss. I'm confused.
The angle is correlated to the scale of your display…. I am not so sure about this strategy…. Please gives us more info on the scaling
at 6:45, that entry bar's low goes below stop loss, while the high hits the profit target. You don't know how that bar unfolded in real-time, whether it hit SL vs. TP first, so you can't call that a winner (unless you went to the lower timeframes to confirm).
He should test it conservatively and consider anything that falls below the stop loss as a losing trade.
I noticed the first two were a loss, but he said they would have won. I'm confused.
@@shanepascoe1078 the first one is definitely a winner. Remember, he's entering the trade only if price subsequently crosses the high of the bearish retracement bar, so on the first trade, he enters on the 3rd bar after the bearish retracement bar as that is when price crosses above it - but I don't know how many bars he is allowing to pass by before canceling the limit order... probably as long as price is above short EMA for longs, or below it for shorts.
@@trtnec thank you for the clarification.
The 45 degree angle should be measured between price and 20 EMA or is it between the two EMA,s?
I like your videos, ty. In this strategy it seems a lot of times in your example price hit SL in the 1 candle u open the trade, so it's not a win trade. Am i wrong?
From what I understand abt Hoffman's strategy- entry is 1 cent/ pip/ tick, above/below the IRB (depending on long or short). He uses trailing stop loss along the 20ema... your stops seem too tight thus ppl having problem with it not working right. Stock must be in a momentum move if its an uptrend in something really going sideways this wont work
The angle will depend on the zoom you have on the chart. Did you consider using something like ADX ?
How do you measure angle on the chart that you can squeeze and pull apart and thus change the angle of EMA lines the way you need it...
Let’s Talk I have something profitable👆
Hello thanks for watching and commenting. Hit me up ⤴️For more updates on ETH, NFT's, BTC📈
Sorry to comment again. I backtested 10 Forex Pairs with this "strategy". I was even stricter with trend definition. It is impossible to achieve a positive hit rate with this on any time frame. I question the integrity of these videos. You should check strategies more throughly across various instruments. It is dangerous to give inexperienced traders the illusion of crazy profitable strategies. I am disappointed.
thanks i need this comment
Not to mention the spread will mostly ruin the whole setup
I have tested this on a 15min TF. It's just an okay strategy, not that great. You can use Rob Hoffman Overlay instead of the subjective 45 angle.
Do you know a indicator to get the angle ? can EMA slope/Angle oscillator work for this ? how to use it ?
I see you testing manually, but isn't there any way to automate this?
A software where you just select the variables and conditions you want to test and let the it do the testing. I can't find anything on this. I think this is really weird, because I feel this software should be already out there...
I’m in the process of writing an EA to trade this strategy - with regards to the 45 degree angle requirement that’s a bit of a none starter as far as writing the code is concerned. I’m going to try and use high time frame confirmation for the trend, something I’ve used in the past to good effect. If you get the rules right and for example have all timeframes from 15min to the daily trending in the same direction, your usually good to go.
how did you go have you got any results
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can I change it to 60 degree and above, then increase risk accordingly?
Do you know how i can set the alert in tradingview to get notice when the inventory-bar arrives?
It looks like you don't take into account commission, which if I do and use 1.5 risk/reward it's almost a loss everytime. Most gains on BTC are below the 0.8% commission fees. Did you take commission into account?
He never done it , in any videos, commisions are bypassed...
how does this perform with lower timeframes and on equities? thanks
i have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
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Which one strategy do you use?
Have you tried this one on LTF?
what time frame is this strat good on ?
How would you set EMA for day trading on 1 min chart? thanks
Hello sir. How do you identify the angle of the 20 period moving average?
Is this one of your trading robots? Is it possible to buy it from you for mt4?
Great video, excited to try this strategy! Question, can you recommend a good alert to set up and use.
Interesting 🤑 How do you get the white angle guide lines? please thank you
sometimes there is a green and red Triangle on the same candle, what does this mean please?
Will u be doing a strategy for this?
What crypto exchange could you possibly trade in to be able to take these trades without exchange fees eating up profits?
ByBit would be your best bet. When you place limit orders you actually get a small rebate for providing liquidity to the exchange. Takes away all fees.
Respect but shit what is displayed to me in the ANGEL. Thanks for the video but what's with the angle? the angle you set changes when you zoom or magnify. how do you adjust the angle? I can show you pictures of how an angle shows 2 different ones or changes by zooming
Hi. Could you make a video on how to set up your first trading robot ? Maybe start doing compareson/review of those services providers? Or just show how to set up one script of yours?
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You have a good strategy but why don’t you wait to test back inside the EMA. To continue the trend and move only sell under.
How much are you risking per trade? Is it fixed 1% risk or are you just buying as much BTC as your account can handle per trade (without leverage)?
It would be fixed. Probably around 2 percent
@@example6978 is that a guess though? It's an important detail. Also 2% is a pretty high risk per trade
@@joctagon I can almost guarantee he woukd be using a fixed amount it would be insane to change the risk amount per trade as you woukd certainly lose money and there woukd be no way to calculate potential profit/loss without using fixed amounts. As for the percent that's a guess but most traders risk around 2 percent, it really doesn't matter what that figure is as long as it isn't rediculous, I wouldn't risk any more than 5 percent per trade as you could go through a long losing streak and destroy your account pretty quick. 2 percent is the most common risk per trade that trader's use
@@example6978 In one of these videos he paper trades BTC with a 10k account and buys/sells exactly 1 BTC every trade. Clearly over risking and over leveraged. This is why I'm interested to know the actual numbers used.
@@joctagon that doesn't mean he is risking 1 BTC
Is there a way you can show me how the emas at a 45 degrees angle? Thanks
Does it work on any time frames?
How do you make the price trigger for setup conditional order or limit order?
Where can I find a link to your strategy spreadsheet?
Any reason you are not using replay function?
I am confused… how can I get 45 degree angle ? We only have 2 points ; EP and EMA …
What is your Holy Grail strategy for 121% Gains? Just saw in the sheet.
Why do you always test for such minimal r/r? I’d be more interested to see how these strategies perform looking for 3R+
Which EMA is it in Tradingview?
Excellent! But this strategy has been codified in a pine script with all its ideal parameters, in order to backtest it in a longer range of time? Thank you very much!🙋♂
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How can I automate this strategy on my trading account!?
instead of the EMA, please test it with supertrend in agreement of buy or sell
That's what I was thinking. It would accomplish the same thing but but be more objective as opposed to the slope which is too subjective.
one supertrend with default values or two supertrends or more?
Super trend is made from 2 emas already. So I would try just one.
what is the indicator you use on tradingview to spot the 45 retrace candle sir?
Let’s Talk I have something profitable👆📩👍
Can that limit order works on futures
On a 15 minute chart you either have to be trading with a ton of exposure to make the scalping worth it, or this shouldn’t be for BTC. It’s way to expensive to scalp with all the fees in my opinion. So you’d either need a ton of leverage or a ton of capital on a single trade to make money off those tiny moves.
I wonder why you didn't use the application you show us at the beginning to make this back testing, it could save you a lot of time
Best strategy ever ! Works very well on longer TF (w/m) for stocks ! Thanks !
The angle of the MA is not an absolute factor though, as you zoom in and out the slope changes so how do you make it an objective parameter?
If you look at candle that isnt formed yet then yes slope changes, so basicaly you have to wait untill candle closes and then determine your course of action.
? Why you not use a simple Backtester?
Thanks for the fantastic testing. Really interesting 🧐
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It appears that the long entry is at the high of the wick in SOME cases and at the high of the body in others. 7:10 shows the high of the body. Please confirm correct method.Thx
Depends whether you're long or short.
Entry is the extremity in the direction you want. Stop loss is just beyond the other extremity.
So if long, SL is just below previous low. Entry is just above previous high.
Yes but there are cases where he changes when going long see the time reference
@@leebourgoin4918 It's simple to perform a quick check. I'm finding an extreme amount of being stopped out. I make a note of 45 deg periods with a reset chart then view the stops during those periods. I wish that I'm mistaken but can't see how.
for longs, entry is always right above the high of the bearish retracement wick and only based on that wick. The bar that the entry happens on is irrelevant.
@@trtnec It was just an error on 2 of his examples. I'm finding an excessive number of losses from being stopped out.
How do i know if the two EMAS are 45 Degrees apart?
Is there a certain tool i can use?
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Can anyone explain how the 45 degree angle thing works? Is it relative to the crossover of the EMAs? Or just 45 degrees on the chart? Should I draw my 45 degree line at the cross but relative to the chart? This is very confusing to me hahah
so u have to manually enter all these trades right?
as in you cant set limit orders for the moving direction?
I appreciate all the effort you go through with showing the trading strategies. But it would be good to show how the strategy, using the same settings, perform on different instruments e.g. forex + stocks + crypto. I feel that all these strategies are very limited to certain instruments and timeframes.
Trade pro put in this vid description that the strategy has been claimed to work on all timeframes and all instruments. I still recommend to be cautious and backtest it first.
Though these channels are very useful, especially this one, anyone worth their salt is still gonna recommend that you backtest it yourself. That's the work that goes into trading - you can't just blindly put your money on everything just because you saw a youtube video, you still have to do some of the legwork yourself.