Vatican Bank Cartel indicator strategy by yashgode9

To effectively utilize the "VATICAN BANK CARTEL" indicator, I have developed a trading strategy that has yielded a net profit of 7.23% over three months. This strategy has proven profitable for me, although its success may vary depending on the market conditions in which you choose to trade. It is advisable to avoid using this strategy in highly volatile markets.
Here is a detailed outline of my strategy:
1. Indicator Setup:
- Apply the "VATICAN BANK CARTEL" indicator to your chart with the following settings:
- Depth: 30
- Deviation: 5
- Backstep: 5
- Use a 1-hour timeframe for this initial setup.
2. Secondary Analysis:
- Open a new tab in your browser and access the TradingView platform.
- Set the timeframe to 3 minutes for this second analysis.
3. Signal Interpretation:
- Monitor the 1-hour chart for a "buy" signal.
- Once a "buy" signal is identified, switch to the 3-minute chart to look for corresponding "buy" signals.
- Execute a buy trade on the 3-minute chart when it generates a "buy" signal.
4. Trade Management:
- Close your trade as soon as a "square-off buy" signal appears on the 3-minute chart.
- Continue this process until the 1-hour chart generates a "square-off buy" signal.

Note:- you can also use 5-min chart instead of 3-min chart, use whichever timeframe gives you profitable results.

In summary, this strategy involves taking advantage of “buy” signals across different timeframes, ensuring that trades are aligned with signals from both the 1-hour and 3-minute charts, while being cautious of market volatility.