Forget for a moment about SL. Focus on Tp at the moment you entrance the market.
I will get to the SL in the moment.
Try to understand the idea.
My algorithm alert me about short transaction starting at level 1
Entrance at Sell level1 (sell) - TP at Take Profit 1 - but if -
the market will continue up than entrance Sell level 2 (sell again) and move TP1 to TP2 level (which means, you will have 2 transactions opened and both TP1 and TP2 will be from now on the same level TP2)
- if the market will continue up than entrance Sell Level 3 (sell again) and move TP1, TP2 to TP3 level (which means, you will have 3 transactions opened and TP1, TP2 and TP3 will move to TP3 level
- and again - if the market will continue up than entrance Sell level 4 (sell again) and move TP1, TP2, TP3 to TP4 level (4 transactions opened and all of them will have TP at the same level TP4
- NOW - if the market move up than entrance Sell Level 5(sell again, 5 transactions opened) ALL TP must be moved to the Level TP5 = TP2, TP3, TP4 and TP5 will bring PROFIT ------- TP1 will be LOST and this is your SL.
4H TIME FRAME - it means you have to be patient because the market may need some time to respond.
Good luck traders!!!!!!!!
I will get to the SL in the moment.
Try to understand the idea.
My algorithm alert me about short transaction starting at level 1
Entrance at Sell level1 (sell) - TP at Take Profit 1 - but if -
the market will continue up than entrance Sell level 2 (sell again) and move TP1 to TP2 level (which means, you will have 2 transactions opened and both TP1 and TP2 will be from now on the same level TP2)
- if the market will continue up than entrance Sell Level 3 (sell again) and move TP1, TP2 to TP3 level (which means, you will have 3 transactions opened and TP1, TP2 and TP3 will move to TP3 level
- and again - if the market will continue up than entrance Sell level 4 (sell again) and move TP1, TP2, TP3 to TP4 level (4 transactions opened and all of them will have TP at the same level TP4
- NOW - if the market move up than entrance Sell Level 5(sell again, 5 transactions opened) ALL TP must be moved to the Level TP5 = TP2, TP3, TP4 and TP5 will bring PROFIT ------- TP1 will be LOST and this is your SL.
4H TIME FRAME - it means you have to be patient because the market may need some time to respond.
Good luck traders!!!!!!!!
Комментарий:
Sell level 2 activated - 2 transactions opened (sell)
Комментарий:
Sell level 3 activated (sell) - 3 transactions opened (Sell Level 1, Sell Level 2, Sell Level 3)
Комментарий:
Marked closed our 3 transactions.
Sell 1 with profit of 33 pips
Sell 2 with profit of 105 pips
Sell 3 with profit of 165 pips
Total Profit 303 pips
This algorithm is no more active at this moment so please do not make any more entrance at levels Sell 4 and Sell 5.
Sell 1 with profit of 33 pips
Sell 2 with profit of 105 pips
Sell 3 with profit of 165 pips
Total Profit 303 pips
This algorithm is no more active at this moment so please do not make any more entrance at levels Sell 4 and Sell 5.
If the market will hit any next Sell level above Sell 1 than take the Profit and do not entrance any next levels.
Example: market hit Sell level 3 - it means you have 3 transactions opened for sale(Sell1, Sell2 and Sell3) - next, market went down and hit the TP3 - you close automatically all 3 transactions with Profit and DO NOT ENTRANCE ANYMORE SELL LEVEL 4 AND SELL LEVEL 5. - from now on we are waiting for next signal