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 = TP1, TP2, TP3, TP4 and TP5 will bring PROFIT
4H TIME FRAME - it means you have to be patient because the market may need some time to respond. It is possible that Algorithm will add more levels and create SL.
Please make sure you manage your budget well!!!
PLEASE DO NOT FORGET !!!!!!!!!!!!!!!!!!!
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
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 = TP1, TP2, TP3, TP4 and TP5 will bring PROFIT
4H TIME FRAME - it means you have to be patient because the market may need some time to respond. It is possible that Algorithm will add more levels and create SL.
Please make sure you manage your budget well!!!
PLEASE DO NOT FORGET !!!!!!!!!!!!!!!!!!!
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
Good luck traders!!!!!!!!
Comment:
Sell1 and Sell2 were activated (sell) - 2 transactions open Sell1 and Sell2
Comment:
Sell3 was activated (sell) - 3 transactions open Sell1, Sell2 and Sell3
Comment:
Sell4 activated (sell) - 4 transactions open Sell1, Sell2, Sell3 and Sell4
Comment:
Sell5 activated (sell) - 5 transactions open Sell1, Sell2, Sell3, Sell4 and Sell5
Comment:
Algorithm add new levels
Comment:
same update. I just add levels
Comment:
Sell6 activated (sell) - 6 positions open - Sell1, Sell2, Sell3, Sell4, Sell5 and Sell6
Comment:
After 90 days market closed our 6 transactions with total profit of: +1402 pips
- Sell1: -114 pips
- Sell2: +70 pips
- Sell3: +184 pips
- Sell4: +227 pips
- Sell5: +401 pips
- Sell6: +634 pips
Total: +1402 pips
- Sell1: -114 pips
- Sell2: +70 pips
- Sell3: +184 pips
- Sell4: +227 pips
- Sell5: +401 pips
- Sell6: +634 pips
Total: +1402 pips
Comment:
This Algorithm is no more active. Please do not make any more transactions at level Sell7
