TL;DR: In this blog, we’re going to introduce you to a no-brainer trading strategy that takes just 5 minutes of your week to make profitable decisions.

Did you know that a staggering 90% of traders lose money in the market?

And the main reason for their failure? Arrogance.

It’s true.

After a single winning trade, traders often believe they’re the smartest and most profitable in the world. But this inflated sense of self-confidence sets them up for failure.

To truly succeed as a trader, you need a time-tested strategy with a track record of at least 5 years.

Without that proven success, you must always be on high alert for market changes and prepare for the worst.

There’s a saying in the trading world: If your strategy can make a fool money, then it’s a working strategy.

Once you’ve mastered a foolproof approach, you can move on to riskier and more advanced strategies with higher leverage.

With this strategy, you can achieve an average of 21.8% return per year over the last 10 years. Sounds absurd? We’ll show you some examples later.

It is only achievable with the amazing tool we’ll be using: TradeDots indicator.

Step 1: Launch TradingView Superchart

Open TradingView and launch the chart on your screen.

Step 2: Select a Wonderful Company Stock

Choose a company stock with strong fundamentals. If you’re unsure which company to choose, go for a composite index like SPY, IVV, VOO, QQQ, or VTI.

For this example, we’ll use Apple ($AAPL).

Step 3: Move to weekly timeframe

Each candlestick in the weekly timeframe represents the price range of one trading week (5 days). The candlestick is confirmed only after the trading hour on Friday.

With this strategy, you only need to check the chart once a week after the candlestick is closed.

Step 4: Activate TradeDots indicator

TradeDots is a quantitative trading indicator that identifies market reversals through real-time price action analysis.

Subscribe to TradeDots through this link. Once you’ve granted access, click the “Indicators” tab in TradingView and navigate to the “Invite-only” script tab.

Activate the TradeDots indicator on your chart.

Step 5: Find Favorable Market Entry with TradeDots

The TradeDots alerts on the chart indicate potential market reversal points, signaling an anticipated trend change.

A red dot suggests the end of a downtrend, indicating a beginning of an upward trend. Conversely, a green dot suggests the end of an uptrend, indicating a beginning of a downward trend.

If you enable the break-of-structure feature in the indicator settings, you’ll notice times when the market breaks through the indicator and continues the previous trend. We consider these breakouts and avoid making further investments until the next reversal pattern is confirmed.

Step 6: Grow your wealth

The final step is to allocate a portion of your income for investment. Visit TradingView each weekend after the market closes. Invest in the next trading day when a red dot appears, and do nothing if there are no new signals.

While you can sell your stocks when green signals appear, it’s not necessary. Stocks generally trend upwards, so theoretically, you should only sell when they become weak and overvalued.

More examples showing the performance of this strategy

Bottom up

This strategy only requires 5 minutes of your week and can outperform 90% of traders. It’s truly a game-changer for many.

However, remember that past performance doesn’t guarantee future results. The fundamentals of the stock you choose are also crucial. Always invest at your own risk and be prepared for backups.

With this foolproof trading strategy and the power of TradeDots, you can take control of your financial future. Start investing wisely and watch your wealth grow.

About TradeDots

TradeDots is a TradingView indicator that identifies market reversal patterns through the implementation of quantitative trading algorithm on price actions. Try our 7-day FREE Trial to level up your trading game.

Set up your personalized trading alerts using our Telegram Bot, so you can now trade effortlessly without gluing to your screen. Join us now to experience TradeDots across all trading assets!

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Disclaimer: The information provided in this article is for educational purposes only and should not be considered as financial advice. Trading involves risk, and it is important to conduct thorough research and seek professional guidance before making any investment decisions. Prospective investors are encouraged to perform their own due diligence or consult a financial advisor before making investment decisions.