This strategy is very simple and highly profitable. In a market with slow movements like the current one, it can generate around 1% per hour without leverage and trading in SPOT, significantly reducing the risk of losses.

Indicators

We will use two free indicators available in the basic version of TradingView, making it ideal for beginners who do not have the paid version.

  1. Smart Money Concepts (Expo)

  2. Bollinger Bands

Strategy

The strategy consists of:

  • Buy: when the price touches the lower Bollinger band and the Smart Money Concepts indicator shows a LL (Lower Low).

  • Sell: when the price reaches the upper Bollinger band and a HH (Higher High) forms.

Example and performance

The analyzed examples correspond to the current market, which is in a low volatility phase. Still, applying this strategy on a 5-minute chart over a period of 6 hours yielded gains close to 6%, making it a simple and profitable option.

To put it in perspective, the annual interest rate in the U.S. is around only 3%, while this strategy allows for significantly higher returns in a short period of time.

Recommendations

If you decide to try it, I suggest doing so first in a demo account or with a small capital. Additionally, to avoid watching the chart all the time, you can set alerts in TradingView that notify you of buying and selling moments.

I hope you find it useful! 🚀