How to Set Alerts in Tradingview ***Strategy Included*** — Transcript

Full transcript

1. 0:00like many of you i absolutely despise
2. 0:04sitting in front of my computer for
3. 0:06eight hours a day staring at
4. 0:08candlesticks going up and down and up
5. 0:10and down and up and down i want someone
6. 0:13to tell me hey go look at the charts you
7. 0:16might want to get in on this trade so in
8. 0:18this video i'm going to show you how to
9. 0:21easily and quickly set alerts in trading
10. 0:23view so that you can get on with your
11. 0:25life and quite possibly go ride your
12. 0:27bike
13. 0:29[Music]
14. 0:34welcome back to the channel everybody my
15. 0:36name's artie and this is the moving
16. 0:37average a show where we discuss
17. 0:39everything day trading to keep you
18. 0:41profitable on a consistent basis now i
19. 0:43hate tutorial videos that take 85
20. 0:46minutes so let's get into the charts i'm
21. 0:48gonna show you exactly how to set this
22. 0:49up so hopefully you watched my previous
23. 0:51video about a five-minute scalping
24. 0:53strategy this is basically just two
25. 0:56parts of that strategy we are looking at
26. 0:58the frankfurt open which opens up one
27. 1:01hour before the london session i
28. 1:03currently have this in replay mode so
29. 1:05that i can show you how to set this up
30. 1:07but basically i'm just using two of the
31. 1:09four indicators that i discussed this
32. 1:11box right here is called the fx market
33. 1:13sessions the blue line is the v whap
34. 1:16line so essentially you only have to get
35. 1:19on the charts for five minutes to get
36. 1:22all of this set up what you can do is
37. 1:24set your alarm to wake you up at eight
38. 1:26o'clock and start getting ready by the
39. 1:28time nine o'clock rolls around you've
40. 1:30already had breakfast showered done your
41. 1:33entire morning routine maybe even
42. 1:35including a workout at that time this
43. 1:37indicator will have already created a
44. 1:39box bracket around that first trading
45. 1:42hour now once you hop on the charts what
46. 1:45you can do is draw a horizontal line
47. 1:48across the top and the bottom of this
48. 1:52box now one of the things you're looking
49. 1:54for is above or below this v-wap line
50. 1:58because we are trading above the v-wap
51. 2:00line i want you to only take into
52. 2:02consideration long positions now what
53. 2:04you're waiting for is a five-minute
54. 2:07candlestick to close
55. 2:09above that frankfurt session box now the
56. 2:13cursor that i like to use is the cross
57. 2:15hair not the arrows now once you have
58. 2:17your crosshairs on the screen what you
59. 2:19can see is time vertically and price
60. 2:22horizontally hover over to the right
61. 2:25side of the screen where the price is
62. 2:27and make sure your cross hairs are lined
63. 2:29up with that yellow line that you made
64. 2:31right here you get a little plus icon
65. 2:34you're gonna click that button right
66. 2:35here and once you click that button
67. 2:37you're gonna get a pop-out menu that
68. 2:38says add alert it'll give you different
69. 2:40options depending on which indicators
70. 2:42you have up on your chart but what we're
71. 2:45gonna do is just add a price alert for
72. 2:47us 30 at this price level so once you
73. 2:50click that add alert for that price
74. 2:53level you will see a orange dash line
75. 2:56that pops up if you hover over it with
76. 2:58your cursor you will see that you have
77. 3:00an alert at that price crossing that
78. 3:02level you can also move it up and down
79. 3:05to fine-tune it to exactly where you set
80. 3:07your mark when you do fine-tune it a
81. 3:09window pops up and you can set how you
82. 3:12want to be notified whether it's in the
83. 3:14app whether it's a pop-up whether it's
84. 3:17on your desktop or whether you want to
85. 3:18get an email then just click save now
86. 3:21because this is a five-minute chart this
87. 3:22alert might show up right after the
88. 3:25close of that first hour of trading the
89. 3:27frankfurt session but it also could
90. 3:30consolidate for an hour and in the
91. 3:32meantime you could do something else now
92. 3:34once the price has crossed that
93. 3:35threshold you've gotten your alert and
94. 3:38just using these two confluences you can
95. 3:40safely take a trade right here now what
96. 3:42i want you to do is set your take profit
97. 3:45and your stop loss levels those are also
98. 3:47going to be set as alerts now what i
99. 3:50want you to target is either a one to
100. 3:52one or one to two risk to reward ratio
101. 3:55on this your stop loss is going to be
102. 3:58the bottom of this frankfurt session and
103. 4:01your take profit levels are going to be
104. 4:03intervals of the size of this frankfurt
105. 4:06session so you can do is actually choose
106. 4:08your rectangle tool trace it to the
107. 4:11exact size of that frankfurt session and
108. 4:14then just drag it to the top of that
109. 4:16frankfurt session to see where your
110. 4:18first take profit level is draw another
111. 4:21horizontal line across the top of it and
112. 4:24then just do that again repeating the
113. 4:26process putting another horizontal line
114. 4:28across the top of that now i want you to
115. 4:31set alerts for both of those levels just
116. 4:34click the plus icon right here where the
117. 4:36price would match that horizontal line
118. 4:38that you did add alert for us 30 at that
119. 4:41price level likewise for take profit too
120. 4:44so with this being your entry right here
121. 4:46once you got that alert the price had
122. 4:48crossed that line and closed above that
123. 4:50level you can now set your trade at take
124. 4:52profit one and take profit two if you
125. 4:55guys are enjoying this video so far and
126. 4:56you like the way that i teach make sure
127. 4:58you're subscribed to the channel and
128. 4:59make sure you drop a like on this video
129. 5:01depending on what platform you're using
130. 5:04if you're using mt4 i would suggest
131. 5:06putting in two trades of equal size so
132. 5:10each trade only risking half a percent
133. 5:12one percent in total your first trade
134. 5:15closes at take profit one and your
135. 5:17second trade closes at take profit two
136. 5:19or if you're using a platform like
137. 5:21ctrader you can actually set that in
138. 5:24where it closes a certain percent of
139. 5:25your position so you only have one
140. 5:27position and every time the price
141. 5:29crosses those levels you'll get a
142. 5:31notification on your phone or through
143. 5:33email that way you don't have to sit and
144. 5:34wait and watch the price and get anxiety
145. 5:37and psych yourself out of a trade and do
146. 5:40all of the negative psychological things
147. 5:42that normal day traders do the whole
148. 5:44purpose of setting alerts is to ease the
149. 5:47trader psychology because a lot of
150. 5:49people when they watch price reversing
151. 5:51on them they will close the trade early
152. 5:53and not let it play out whereas if you
153. 5:55wait to get a notification then you can
154. 5:57check so if we watch this trade play out
155. 6:00right here most people would have closed
156. 6:03their trade they see ah it's so close to
157. 6:06my stop loss i'm just gonna close it and
158. 6:09then you know whatever this was a bad
159. 6:11trade whereas if you entered your trade
160. 6:14left it turned on notifications
161. 6:17you would just let it play out as it's
162. 6:19supposed to play out and as you can see
163. 6:21take profit 1 was hit but not
164. 6:24immediately it was a very slow moving
165. 6:26market on this day so to show you how
166. 6:28long this took to hit take profit 1 3
167. 6:31hours and 40 minutes
168. 6:33think of the things that you could do in
169. 6:35your life with 3 hours and 40 minutes
170. 6:39[Music]
171. 6:43so half of your trade is already closed
172. 6:45and in profit which is a good thing now
173. 6:47again the reason these alerts are so
174. 6:50important is to keep you in your trade
175. 6:52as you have planned you can see here
176. 6:55during the new york open we had some
177. 6:57crazy fluctuations in the market and a
178. 7:00lot of people would have gotten scared
179. 7:01at this point and closed their second
180. 7:04trade or if they only had one position
181. 7:06open they would have closed the entire
182. 7:08position at a loss but if you had alerts
183. 7:11set up which is the most highly
184. 7:13recommended thing you can possibly do
185. 7:16you hit your take profit too and from
186. 7:18this trade you had onus 30 a stop loss
187. 7:23of 50 points and a take profit of 81
188. 7:25points
189. 7:29now depending on your contract size for
190. 7:31your broker that could have been a
191. 7:33profitable trade of eighty-two dollars
192. 7:35eight hundred and twenty dollars or
193. 7:38eight thousand two hundred dollars and
194. 7:40again i'm going to reiterate this the
195. 7:42most important aspect of this is keeping
196. 7:45you in your trades by you not watching
197. 7:48the charts because this would have
198. 7:49psyched you out this would have psyched
199. 7:51you out and this would have psyched you
200. 7:53out if you're struggling with traitor
201. 7:56psychology and holding your trades
202. 7:58set alerts almost every single indicator
203. 8:02has a method for you to set alerts what
204. 8:05you need to do is go into the settings
205. 8:07and play with each one as you like there
206. 8:09are thousands of videos on the internet
207. 8:11to set up alerts on all different types
208. 8:13of indicators so just take the time and
209. 8:15learn the indicators that you're using
210. 8:17if there's a specific indicator that you
211. 8:19would like me to show you how to set up
212. 8:21alerts on whatever if i get enough
213. 8:23requests on a certain indicator i will
214. 8:26make a video on it if not i'll just
215. 8:28respond to the comments and if you guys
216. 8:29would like a full breakdown of this
217. 8:31strategy including the other indicators
218. 8:33that i use to get my confluence for
219. 8:36these types of trades watch this video
220. 8:38right here i really hope you guys
221. 8:40enjoyed this video i hope you got some
222. 8:41value out of it if you have not already
223. 8:43make sure you're subscribed to the
224. 8:44channel by clicking this button right
225. 8:47here thanks so much for watching and
226. 8:48we'll see you in the next video