BUY, SELL, with white Plot Waves but on a 4hr TF Tutorial
Same formula settings as Buy and Sell. Added a 4th plot MA for a longer time frame. This will help exit the trade much earlier for greater profits otherwise without this 4th plot wave, traders may be at risk of losing out for greater profits.
4hr TF Buy, Sell, with wave settings, are the same settings with 30min TF.
FOR 30MIN TIMEFRAME (Green Wave)
Make sure the 4th white MA is unchecked when using a 30min TF.
1. Wait for Buy
2. After the Buy label, the green Wave Confirms Entry BUY Above the orange and yellow waves.
3. Follow the green wave with candlesticks
4. Wait for the green wave to move underneath the orange and yellow waves to confirm to exit the trade.
FOR 4HR TIMEFRAME (White Wave)
Go to settings and click by adding the 4th white MA, all four MAs must be active
1. Wait for Buy
2. After the Buy label, the White Wave Confirms Entry BUY Above the green, orange, and yellow waves.
3. Follow the white wave with candlesticks
4. Wait for the white wave to move underneath the green wave to confirm to exit the trade.
Please read the comment on the chart referring to Sell Signal arriving late. Instructions applied.
You may get a Sell label before the white wave falls beneath the green wave. Does not mean you should exit (up to you) but I'll take the sell signal label as guidance knowing the white wave will fall beneath the green wave soon.
Just like the buying label, doesn't mean I should buy when the buying label appears but I should wait until the white wave moves above the green, orange, and yellow waves.
Anything else I might have missed, I'm not responsible. Backtest it, and do your research. This is not intended for financial advice. Agreeing to use this tutorial strategy, means you are solely making your own decisions to enter and exit a trade. You also agree not to hold me responsible in case of financial loss.
The Buy, Sell, and Waves have specific settings to make it work. I'm only sharing input settings for those who request along with indicator names. I'll private message you with them.
Any trader making changes to these two indicators must know, that trading is a risk and profits are not guaranteed. Nothing in trading is 100% guaranteed to win.
4hr TF Buy, Sell, with wave settings, are the same settings with 30min TF.
FOR 30MIN TIMEFRAME (Green Wave)
Make sure the 4th white MA is unchecked when using a 30min TF.
1. Wait for Buy
2. After the Buy label, the green Wave Confirms Entry BUY Above the orange and yellow waves.
3. Follow the green wave with candlesticks
4. Wait for the green wave to move underneath the orange and yellow waves to confirm to exit the trade.
FOR 4HR TIMEFRAME (White Wave)
Go to settings and click by adding the 4th white MA, all four MAs must be active
1. Wait for Buy
2. After the Buy label, the White Wave Confirms Entry BUY Above the green, orange, and yellow waves.
3. Follow the white wave with candlesticks
4. Wait for the white wave to move underneath the green wave to confirm to exit the trade.
Please read the comment on the chart referring to Sell Signal arriving late. Instructions applied.
You may get a Sell label before the white wave falls beneath the green wave. Does not mean you should exit (up to you) but I'll take the sell signal label as guidance knowing the white wave will fall beneath the green wave soon.
Just like the buying label, doesn't mean I should buy when the buying label appears but I should wait until the white wave moves above the green, orange, and yellow waves.
Anything else I might have missed, I'm not responsible. Backtest it, and do your research. This is not intended for financial advice. Agreeing to use this tutorial strategy, means you are solely making your own decisions to enter and exit a trade. You also agree not to hold me responsible in case of financial loss.
The Buy, Sell, and Waves have specific settings to make it work. I'm only sharing input settings for those who request along with indicator names. I'll private message you with them.
Any trader making changes to these two indicators must know, that trading is a risk and profits are not guaranteed. Nothing in trading is 100% guaranteed to win.
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