what is a cryptocurrency for beginners

 what is a cryptocurrency for beginners

the three ema strategy isn't really the best trading system for beginners this is a video from the secret mindset and I'm gonna test this theory out one thousand times to see if it rings. truly thank you as a boss trader for suggesting this video and just a disclaimer I am not a financial advisor and take everything that you see and made in this video as entertainment and of course. all the indicators that you see in this video work on all time frames that work on all markets they then repaint data on withdrawal and they're a hundred percent for free go to your indicators tab and just type in three ema and it will be the three ema from victor grego and the default settings are 50 100 and  200 I'm just gonna change the 200 to 150. just like secret mindset had it so how this works is if the price goes below that 200 ema and the 150 ema and the 50 ema crosses as well to the downside we are in for a cell and the same vice versa when going for a long position the price has to go above the three emas and the 50 and 100 DMA.

 what is cryptocurrency for beginners

also has to cross over the 150 as you can see with a circle is pointing that is the exact moment when the conditions are met now with the secret mindset video he said the price has to cross below that  50 ma and touch the 100 ema and then cross over to the 50ma again for a long position to happen now I'm not going to do it exactly that way as you wouldn't get a lot of trades and what I'm going to do is as you can see with the circulars are pointing if it does touch the 50 ema or just crosses over and come back up again I will take a position and this is the only way how I'm gonna. 

meet that 1000 trade quota in a decent amount of time at least and as we can see over these trades over here the price has crossed below with those two emails and you can see we don't take a trade .when the price and the two emails cross over but we wait for that pullback action to happen first and as you can see with all the circles pointing all six these trades are valid and I will make them remember this is a pullback strategy so we're only gonna take pullback trades and then let me just show you how I'm gonna place my stop-loss I'm not gonna place it at 150 ema or the 100dma I'm gonna place it at the last high or low and then risking one to 1.5 with spread. let me show you just what not to do if the price goes over the 100 DMA or the 150ma and it comes back down that trade will not be valid it is only when you cross over to 50ma and possibly touch the 100dma and come back up that is only it when it will be valid so as you can see all the trades. that you see here on the screen is not valid as you can see over here this is a circumstance where the trade will be valid we crossed over the 200-year mater price and the moving averages did and then the price came down below that 50 ma touched the 100 ema and then came back up and as soon as price closes above that 50 ma again that is when I will take the trade on the next candle so this is a very selective and specific kind of setup but nonetheless, it can be done so let us get into the buy setups as you can see with the trade over here all the conditions are made the emas did cross over that 150 and the price as well so the first pullback that happened we are gonna place our trade on the next candle and then we're gonna place our stop loss at the previous low and as you can see kind of a problem that is gonna.

 

 what is cryptocurrency for beginners

happen quite a bit in this test is that the small stop loss can be stopped up pretty easily by just  a little price fluctuation and then just looking at another setup over here you can actually see  three trades on the screen all the conditions are met and three pullbacks did occur and as you can  see if you're looking at the stop loss and the position that i'm gonna take these are gonna be  very small positions at most of the time because we are on the one minute chart but not all  the position will be that small as you can see with this trade over here so let us get into the  cell setups the exact same thing just vice versa  the price has moved below that 150 ema and the two  other ema's also moved below it as you can see two  pullbacks that happen over here i'm gonna place my  position and that's how it's gonna look like and  i just wanna give a special thank you to my team  getting these results will be damn near impossible .and with that said getting those results is  really hard work so if you want to help me out  just comment down below traders q and that's it  and the results are in everything that you see on  the screen is from the 1 to 1.5 r and r we are on  the one minute time frame 1000 trades were taken  200 trades on each of these pairs risking only  one to two percent leverage was one to one hundred . spread was three the date started at twenty the rest of reward was one to one point five the  

 what is cryptocurrency for beginners

wins in a row were six and the losses in a row were nine the average win rate for the euro USD was thirty-three percent four euro jab it was  37 for gold 31 for Nasdaq 37 and on bitcoin 34. so the average win rate in total 401 to 1.5  was 34 percent the win rate on a 1 to 1.2 was 39 and the win rate for one to one was 46. and as always nothing against the secret mindset but in my opinion, this is not a really good setup for a beginner and as we can see on the scoreboard the three ema crossover pullback strategy by the secret mindset came only one percent lower than the default super trend and at the same level as Tyron indicator also on default and then going over into the information center let's go over the pros and the first pro and probably the only pro that I could really get out of the system is at least it does combine price action . with indicators and creates a hybrid system I'll give it some points for that the cons however is it has a really good idea behind it but a really poor execution here that kind of ties in with the first pro I think it's a great idea mixing your indicators with your price action trading and kind of using the indicators just to supplement your trades but in this circumstance, it just did a very poor job of its number two it was below break-even and then number three the trades that you got were way too far and wide and the rules were way too strict as you can see we were on the one minute chart and getting those trades started at the date of 2020 and this is why I mentioned at the beginning of the video that I kind of modified my pullback system on how I'm going to take the trades it is for this reason so i can actually get that quota that I needed within a reasonable.

 what is cryptocurrency for beginners

amount of time so let us go over into improvements  and the thing is that i want to mention i'm going  to show you in just a minute but it is good it  is a really good idea to filter out bad trades but in this circumstance we lost out and so many  good trades that we just couldn't participate in because the rules were just too strict and the  indicators didn't combine really well and then the second thing is maybe mix the moving averages the  types of moving averages a bit to get a slightly  better edge the problem is you're running three  emas how it calculates the price action is the same and maybe just diversifying it a little bit  with let's say with the weighted moving average and the smooth moving average you might get a  better result and if you're gonna use this system it comes up with number three mix that scalping  with the intraday you will get so much more profit out of this type of system so the potential is  kind of there you just have to work your way around it so let us hop into the chart and let  me give you a few pointers as you can see what i mentioned with the number three improvement  is exactly this this whole downtrend you didn't  

 what is cryptocurrency for beginners

participate in because your rules were just too  strict and also because you were scalping with the 121.5 r you wouldn't even get this  full trend now this isn't a perfect example of where you lose out on a lot of profit and  to be honest, you want to build your system  so you can maximize as much of this profit as you  can and then another perfect example over here you can see this whole downtrend and you only might  have participated in one or two of these trades 

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