Here is how you actually make over $250 per
day trading or scalping the forex, crypto, or stock market. Hello traders, today we will
be going over a strategy to actually make over $250 per day! Before we start if you
are interested in trading crypto with leverage and getting an over $4300 bonus check out
the link in the description of the video. Now that we have gotten that out of the way
let’s go over how you can make over $250 per day, scalping or day trading with little
capital.
So to make the $250 we first need to figure
out how many trades we should be taking every day. We also need to calculate how much profit
we need to make with each trade. We have found that taking 1 to about 2 trades per day is
realistic for most people because you would probably need to quit your job if you were
taking 10 trades per day. From what we have seen the best timeframe for taking about 1
to 2 trades per day seems to be the 15-minute timeframe, so we will be using the 15-minute
timeframe for this video. Now let’s take a look at how much profit we will need to
make and what strategy we will be using to make that profit.
Most retail traders don’t have much capital
to start with and so they use leverage to increase their exposure to profit, however
always keep in mind that this will also increase the risk of liquidation. The average crypto
scalper uses anywhere from 5 to 50 ex leverage so for this video we will be using 10 to 15
ex leverage since this seems appropriate. So assuming we start with $1000 and we use
15x leverage, we will need to make 1.6% per day or around 1 to 2% per day. We now know
exactly how many trades we should be taking and around how much profit we should make
per trade but what strategy will we be using to enter into positions, let’s head over
to tradingview and show you exactly that. We will be using an adjusted Gaussian Moving
Average or GMA for short, this is an indicator that is based on the Ehlers Gaussian filter
and can be used for smoothing.
The GMA rejects high frequencies which are fast movements
in the market better than an EMA and it has lower lag. The Elhers Gaussian Filter was
published by John F. Ehlers in "Rocket Science For Traders" and it was first implemented
in Wealth-Lab by Dr. René Koch. In short, the GMA is a 1 to 4 pole Ehlers Gaussian Filter
with standard deviation filtering and it should perform similarly to the Ehlers Fisher Transform.
Overall it’s a great indicator that in some cases functions a lot better than the regular
EMA that nearly every strategy uses to indicate trend direction.
As I said previously, we
also see that the GMA filters out undesired high-frequency components, therefore the smoothers
are called low-pass filters, and they all work by some form of averaging. We will be
using this indicator in combination with other tradingview indicators that we will be using
as confirmation. This will make it so that the strategy becomes a lot more profitable.
Whenever you are trading with just 1 indicator there will be a higher chance that the signals
that are shown are false. So let’s go ahead and add these indicators to the chart. First head over to tradingview and change
the timeframe of the chart to the 15-minute timeframe. Now go to the indicator search
tab and search for the Gaussian Moving Average indicator. Select the indicator made by Lox
and add it to the chart.
Now let’s add the second indicator to the chart. Search for
the ATR bands indicator, select the indicator made by AlexanderTeaH and add it to the chart.
The last indicator that we will be adding to the chart is the high-volume candles indicator.
Search for the high-volume candles indicator and select the indicator made by Dima Kiev.
Those were all of the indicators that we needed to add to the chart. Now let’s configure
the indicator settings to help us take accurate entries. First head over to the high-volume candles
indicator settings, after that go to the style tab and change the low-volume candle colors.
after doing that click on the okay button. Now let’s change the Gaussian Moving Average
indicator settings, click on the settings button and head over to the style tab. Deselect
the bar colors. Also deselect the long and short signals, Now head over to the input
tab, we will be changing the period to 75. When you have done that click on the okay
button.
Lastly, go to the ATR bands indicator and navigate to the style tab. We will be
changing the colors of the lines to make them more clear. Once you have done that go to
the input tab and change the lower ATR band multiplier to 3, make sure you do the same
for the upper ATR band. Those were all of the settings that we will be changing now
let me show you when to enter into a position. Let me first show you when to enter into a
buy position.
The first thing we need to look out for is the GMA switching from red to green.
Secondly, the price must be trading above the GMA line. We also need to make sure that
the candle that broke through the line was a so-called important candle. If all of the
conditions are met we will enter into a position. We will put the stop loss at the lower ATR
band. For our take profit we will target a two times risk-to-reward ratio. As you can
see this position would have indeed been very profitable. Let’s now look at a different
buy signal to clear up any confusion. We can see here that the GMA is switching
from red to green indicating bullish momentum.
Secondly, the price is trading above the GMA
line. We also see that the candle that broke through the line was a so-called important
candle this is the best indicator we could find to make sure that we don’t enter a
position during a ranging market. As you can see all of the conditions that we just mentioned
have been met so we will now enter into the buy position. We will put the stoploss at
the lower ATR band. For our take profit we will target a two times risk-to-reward ratio.
As you can see this position would have indeed been very profitable Like I said previously entries should not
be made during a ranging market, let me show you an entry that you shouldn’t take. As
you can see the market is currently not trending, instead it’s moving sideways. This makes
it so that our trades will be a lot less profitable. Let me show you an example, as you can see
here all of the conditions were met and we entered into a position, however, since we
entered in a ranging market the profit we made wasn’t a lot.
It might actually seem
like it made a decent amount of profit, but look at how long we would need to stay in
the trade. This would make it hard for us to make the $250 per day. Now let’s take
a look at when to enter into a sell position. The first thing we need to look out for is
the GMA switching from green to red. Secondly, the price must be trading below the GMA line.
We also need to make sure that the candle that broke through the line was an important
candle this indicated that we pushed through the GMA line with high amounts of bearish
volume which might indicate the price being pushed down even further.
If all of the conditions
are met we will enter into a position. We will put the stop loss at the upper ATR band.
For our take profit we will target a two times risk-to-reward ratio. As you can see this
position would have been profitable again. So can we make $250 per day with this strategy? Yes, we clearly can, the strategy shows around
1 to 4 signals per day and you usually make 2 to about 4% per trade. This means that even
if the strategy only had a 50% win rate we would still be able to make between $150 and
$300 if we were to be trading with $1000 and using 15 ex leverage, by the way, if you want
to trade on an exchange that has some of the lowest fees when it comes to trading with
leverage check out the link in the description of the video.
If you enjoyed the video please
leave a like and subscribe to the channel. If you have any questions feel free to leave
a comment.
