📌I will tell you a Camarilla breakthrough strategy with a very high winning rate, which is very suitable for the next market. Be sure to keep it for later😍😍🚀
Camarilla trades based on the contraction and expansion of prices. When the price breaks through, there is a high probability that it will continue to move in the direction of the breakthrough😘
This strategy is suitable for higher time frames, such as 15 minutes/1 hour/4 hours, and involves two TradingView indicators:
The first indicator is Expanded Camarilla Levels
·Set HTF Method to User Defined
·Set TimeFrame to one hour
·Leave only H3 and L3 lines in the menu bar, and set the graph to the origin graph
·Other unused functions can be unchecked/
The second indicator is Linear Regression Slope (LRS), mainly used to determine the market direction
·Set the parameter length to 200
·Set the color to blue
·Tick off the arrows that are not used/
Long position rules
·Find a set of Camarilla inclusion intervals
·The positive K-line crosses the Camarilla upper rail and the closing price falls above
·The Camarilla inclusion interval is above the LRS indicator
After the above conditions are met, the closing price of the key K-line is our entry position. The short position rule is the opposite, but the market is strong and try to do less shorting/
Stop loss and take profit
·Stop loss can be set to the upper and lower rails. If it is very close to the recent high and low points of the band, you can also choose the high and low points of the band
·Take profit to choose the way of taking profit in batches/
There is a situation that is often encountered in actual transactions, that is, the Camarilla inclusion interval coincides with the LRS indicator. The entry rules are the same~