This KISS BOT AI indicator WILL Never Cheat you In The Market | NEW Artificial Intelligence (FREE)

Stock Accurate
12 May 202408:23

TLDRThis video introduces the KISS BOT AI indicator, a free and highly accurate trading tool designed to enhance trading strategies on the TradingView platform. The KISS Spot indicator generates clear buy and sell signals, which, when combined with the Unwrecked KISS Stochy indicator, can be used to place trades with a 1:1.5 risk to reward ratio. The strategy is tested on a 5-minute chart of the US 100 index, demonstrating how to enter and exit trades confidently. Examples of trades are provided to illustrate the effectiveness of this AI-based trading approach.

Takeaways

  • ๐Ÿ˜€ The video introduces a KISS SPOT trading indicator for TradingView, which is claimed to be highly reliable and accurate.
  • ๐Ÿ” The strategy uses two free indicators from TradingView: 'Unwrecked KISS Stoki' and 'KISS SPOT Keep It Simple Bot'.
  • ๐Ÿ“ˆ To set up the trading, search for 'Unwrecked KISS Stoki' and 'KISS SPOT' in TradingView's search box and apply them to the chart.
  • โš™๏ธ Modify the settings of the 'KISS SPOT' indicator by hiding lines and arrows, and adjusting the ATR period to 50 and the ATR multiplier to 3.5.
  • ๐Ÿ“Š The 'KISS SPOT' indicator provides clear buy and sell signals, aiding in confident trade entries and exits.
  • ๐Ÿ“‰ The strategy is tested on a 5-minute chart of the US 100 index, demonstrating how to use the indicators effectively.
  • ๐Ÿšซ For a sell order, wait for a long sell signal from 'KISS SPOT', a bearish candle, and an oversold condition in the 'Unwrecked KISS Stoki' indicator.
  • ๐Ÿ’ฐ Set the stop loss at the ATR level indicated by 'KISS SPOT' and aim for a risk-to-reward ratio of 1:1.5.
  • ๐Ÿ“ˆ For a buy order, look for a long buy signal from 'KISS SPOT', a bullish candle, and an overbought condition in the 'Unwrecked KISS Stoki' indicator.
  • ๐Ÿ Close trades at breakeven or take profit when the target is hit, following the signals provided by the indicators.
  • ๐Ÿค” The video provides examples of trades to help viewers understand the strategy and encourages questions in the comments for further clarification.

Q & A

  • What is the main topic of the video?

    -The main topic of the video is introducing a KISS BOT AI indicator for trading, which is claimed to be reliable and accurate, and explaining how to use it with TradingView platform.

  • What does KISS stand for in the context of the video?

    -In the context of the video, KISS stands for 'Keep It Simple, Stupid', which implies that the trading strategy is straightforward and easy to follow.

  • Which trading platform is mentioned in the video for using the KISS BOT AI indicator?

    -The trading platform mentioned in the video for using the KISS BOT AI indicator is TradingView.

  • How many indicators are used in the KISS trading strategy presented in the video?

    -The KISS trading strategy presented in the video uses two indicators: the unwrecked KISS Stoki and the KISS Spot.

  • What changes are made to the settings of the KISS Spot indicator in the video?

    -In the video, the settings of the KISS Spot indicator are modified to hide lines and arrows, change the ATR period to 50, and the ATR multiplier to 3.5.

  • What is the purpose of the unwrecked KISS Stoki indicator in the trading strategy?

    -The unwrecked KISS Stoki indicator is used to identify overbought and oversold conditions in the market, which helps in determining the entry and exit points for trades.

  • How are buy and sell signals generated using the KISS Spot indicator?

    -Buy and sell signals are generated by the KISS Spot indicator through clear visual cues that allow traders to enter and exit trades with confidence.

  • What is the time frame used for testing the trading strategy in the video?

    -The trading strategy is tested on a 5-minute chart of the US 100 index in the video.

  • How is the stop loss for trades determined in the KISS trading strategy?

    -In the KISS trading strategy, the stop loss for trades is determined by placing it at the ATR level indicated by the KISS Spot indicator.

  • What is the risk to reward ratio used in the KISS trading strategy as mentioned in the video?

    -The risk to reward ratio used in the KISS trading strategy, as mentioned in the video, is 1 to 1.5.

  • How can viewers ask questions related to the KISS trading strategy if they have any?

    -Viewers can ask questions related to the KISS trading strategy in the comment section of the video, and the creators will try their best to answer all questions.

Outlines

00:00

๐Ÿ“ˆ Introduction to AI Trading Indicators

The video script introduces viewers to a reliable and accurate AI-based trading indicator called 'Kiss Spot Trading View Indicator.' The presenter offers a free method to enhance trading strategies using two free indicators available on Trading View, a popular trading platform. The video promises to demonstrate how to apply these indicators to generate clear buy and sell signals, which can be tested on a 5-minute chart of the US 100 index. The presenter guides viewers through the process of adding and customizing the indicators, setting the ATR period to 50 and the ATR multiplier to 3.5, to prepare for trading setups.

05:03

๐Ÿ“‰ Trading Strategy Execution and Examples

This paragraph details the execution of the trading strategy using the Kiss Spot indicator and the Unwrecked Kiss Stoki indicator. It explains the conditions under which sell and buy orders are placed, such as the market forming bearish or bullish candles and the indicators showing oversold or overbought lines. The stop loss is set at the ATR level indicated by the Kiss Spot, with a risk-to-reward ratio of 1 to 1.5. The script provides examples of trades that demonstrate the strategy's effectiveness, including instances where the market hits the target, and encourages viewers to ask questions in the comments section for further clarification. The video concludes with a reminder to like, share, and subscribe for more trading tips and tutorials.

Mindmap

Keywords

๐Ÿ’กKISS BOT AI indicator

The term 'KISS BOT AI indicator' refers to a specific artificial intelligence-based trading tool discussed in the video. It is designed to provide reliable and accurate trading signals to users. In the context of the video, it is presented as a 'free' way to enhance trading strategies, suggesting that it is accessible to a wide range of traders without incurring additional costs.

๐Ÿ’กTrading View

Trading View is a web-based platform used for charting financial markets and creating trading strategies. It is mentioned in the script as the platform where the KISS BOT AI indicator and other trading indicators can be added to a chart. It is an integral part of the video's narrative, as the presenter uses it to demonstrate how to apply and use the KISS BOT AI indicator.

๐Ÿ’กAI trading indicators

AI trading indicators are tools that utilize artificial intelligence to analyze market data and generate trading signals. In the video, the presenter introduces a KISS BOT AI indicator as an example of such a tool, emphasizing its accuracy and reliability. These indicators are key to the video's theme of leveraging AI for trading.

๐Ÿ’กUnwrecked KISS Stoki

The 'Unwrecked KISS Stoki' is one of the two free Trading View indicators mentioned in the video. It is used in conjunction with the KISS BOT AI indicator to provide trading signals. The script describes how to apply this indicator to a chart and how its 'oversold' or 'overbought' lines can be used in conjunction with the KISS BOT AI indicator to make trading decisions.

๐Ÿ’กBuy and sell signals

Buy and sell signals are alerts generated by trading indicators that suggest when to enter or exit a trade. The KISS BOT AI indicator is highlighted in the video for generating 'clear buy and sell signals,' which allow traders to make decisions with confidence. These signals are central to the video's demonstration of how the KISS BOT AI indicator functions.

๐Ÿ’กATR period

The 'ATR period' refers to the Average True Range period, a setting in the KISS BOT AI indicator that determines the time frame over which the ATR is calculated. In the script, the presenter instructs viewers to change the ATR period to 50, which is a significant parameter in customizing the indicator's sensitivity to market volatility.

๐Ÿ’กATR multiplier

The 'ATR multiplier' is another setting in the KISS BOT AI indicator that adjusts the range used for stop loss calculations. The video script specifies changing the ATR multiplier to 3.5, which would increase the stop loss distance from the market price, potentially allowing for more room for price movement before a trade is closed.

๐Ÿ’กRisk to reward ratio

The 'risk to reward ratio' is a fundamental concept in trading that compares the potential loss on a trade to the potential gain. In the video, a 1 to 1.5 ratio is suggested, meaning for every unit of risk, the trader aims for 1.5 units of profit. This ratio is used to manage risk and ensure that the potential reward justifies the risk taken.

๐Ÿ’กStop loss

A 'stop loss' is an order placed with a broker to sell a security when it reaches a certain price. It is designed to limit an investor's loss on a position. In the video, the presenter explains that the stop loss for trades using the KISS BOT AI indicator should be placed at the ATR level, which helps manage risk by automatically exiting a trade if the market moves against the trader's position.

๐Ÿ’ก5-minute chart

A '5-minute chart' is a type of price chart that displays the price action of a security over 5-minute intervals. The video mentions testing the KISS BOT AI indicator strategy on a 5-minute chart of the US 100 index, which is a way to analyze short-term price movements and trade accordingly.

Highlights

Introduction of a new AI trading indicator called 'KISS Spot' that promises high reliability and accuracy.

The KISS Spot indicator is available for free on TradingView, a popular trading platform.

The strategy uses only two free TradingView indicators to enhance trading setups.

Instructions on how to add the KISS Spot and Unwrecked KISS Stoki indicators to a trading chart.

Modification of the ATR period to 50 and ATR multiplier to 3.5 for the KISS Spot indicator settings.

KISS Spot generates clear buy and sell signals, aiding confident trade entries and exits.

Testing the strategy on a 5-minute chart of the US 100 index.

Detailed explanation of the trade setup for short selling when conditions are met.

Setting stop loss at the KISS Spot indicator's ATR level and a risk-to-reward ratio of 1 to 1.5.

Demonstration of a successful trade execution with the target being hit.

Explanation of the long position setup with buy signals and overbought conditions.

The importance of confirming signals with market candlestick formations.

Examples of trades showcasing the effectiveness of the KISS Spot and Unwrecked KISS Stoki indicators.

Guidance on closing trades at break-even when a sell signal is received.

Encouragement for viewers to ask questions in the comments for further clarification.

A reminder to like, share, and subscribe for more trading tips and tutorials.

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