The Best Intraday Trading Strategy: Makes money
The best intraday trading strategy is one of the best strategies on tradingview. Use this strategy for consistent profits in the trading market. This strategy is very easy to learn and works in almost every market like forex or crypto etc. In this strategy, the indicator we will use is:
- MACD Indicator
It is a very powerful and technical indicator. This MACD indicator uses moving averages to recognise market trends. For a profitable trade, we don’t depend on the MACD Indicators only. We use a combination of this indicator with others for better results.
How to Add a MACD Indicator to the Chart?
For this, you should go to the trading view. Move towards the Indicator tab type in MACD and click on the top indicator as shown in the image given below.
Components of MACD
MACD is actually made up of 4 different components that are:
- The MACD Line
- The Signal Line
- The Histogram
- The Zero Line
You can check the details of these components in the image below.
MACD Line
The MACD Line is the blue line. Mostly, the MACD Line is 12, the Moving Average.
Signal Line
The orange line is called the signal line. Which is 26, the slow length as shown below.
Histogram
The third component is the histogram. It shows the difference between the two lines. If the gap between the two lines is less then the height of the histogram bars will be smaller and vice versa.
The Zero Line
The fourth component is the zero line. This line shows the centre part of the indicator.
How Does MACD Work?
MACD Indicator finds the trend. You can identify when the market is about to go into an upward trend when the two lines cross upward. Similarly, when the blue Line crosses below the signal line it shows that the market is about to enter into a downward trend. Moreover, you can also check the momentum of the market through the histogram. A bigger histogram shows high momentum and a smaller histogram shows low momentum.
Signals of the Best Intraday Trading Strategy
- Up Trend: To indicate an up trend only consider the signal when the MACD line crosses the signal line upwards but only if they cross below the zero line. You will not consider the signal when it crosses but if it’s above the zero line you should not enter the trade.
- Down Trend: You should only enter the short trade when the lines are crossing downward and are above the zero line as shown in the given image.
Adding Another Indicator to avoid False Signals
The MACD Indicator itself doesn’t work very well. MACD works well when the market trending. To confirm the signal of MACD you need to add the 200 Moving Average. To add this go to the indicators tab on trading view and type EMA.
- Moving Average Exponential
Click on the settings of the EMA. In the input section change the length to 200. You can also change the colour of the EMA as you want as I have changed it to red.
EMA Indicator
When you will apply the indicator to the chart you can see there is a single line on the chart. EMA line helps you to identify the market trend. You can identify a buy trend if the market is above the moving average and vice versa.
BUY Trade
You should execute the buy trade when the following conditions are fulfilled.
- When the Moving Average blue Line crosses above the orange line.
- The Lines crosses are below the zero line.
- The price is above the 200 EMA.
- It indicates a strong upward trend.
Stop Loss
In buy trade set your stop loss below the Moving Average.
SELL Trade
You can place a short order when the following conditions are fulfilled.
- When the Moving Average blue Line crosses down the orange line.
- The lines crossing are above the zero line.
- When the market is below the EMA.
- It indicates a strong downward trend.
Stop Loss
In short order always set your stop loss above the moving average.
Conclusion
The Best Intraday Trading Strategy involves the combination of MACD and EMA Indicators. This powerful strategy helps you identify the powerful signals you should trade. It also helps you to ignore false signals. It is the best strategy for 2025. Make profits and improve your trading skills with these technical indicators.
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