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 Sell 1
Entrance at Sell1 level (sell) - TP at Take Profit 1 - but if -
the market will continue up than entrance Sell2 level (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 Sell3 level (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)
- if the market will continue up than entrance Sell4 level (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
- if the market move up than entrance Sell5 level (sell again, 5 transactions opened) ALL TP must be moved to the Level TP5
- and now - if the market move up than entrance Sell6 level (sell again, 6 transactions opened), ALL TP must be moved to the Level TP6 which means TP6 = TP2, TP3, TP4, TP5 and TP6 will bring the 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. Sometimes VERY LONG TIME
PLEASE DO NOT FORGET !!!!!!!!!!!!!!!!!!!
If the market will hit any next Sell level above Sell 1 and take the Profit than do not entrance any next levels.
Example: market hit Sell level 3 - it means you have 3 transactions opened for sell(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, SELL LEVEL 5 and SELL LEVEL 6. - 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 Sell 1
Entrance at Sell1 level (sell) - TP at Take Profit 1 - but if -
the market will continue up than entrance Sell2 level (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 Sell3 level (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)
- if the market will continue up than entrance Sell4 level (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
- if the market move up than entrance Sell5 level (sell again, 5 transactions opened) ALL TP must be moved to the Level TP5
- and now - if the market move up than entrance Sell6 level (sell again, 6 transactions opened), ALL TP must be moved to the Level TP6 which means TP6 = TP2, TP3, TP4, TP5 and TP6 will bring the 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. Sometimes VERY LONG TIME
PLEASE DO NOT FORGET !!!!!!!!!!!!!!!!!!!
If the market will hit any next Sell level above Sell 1 and take the Profit than do not entrance any next levels.
Example: market hit Sell level 3 - it means you have 3 transactions opened for sell(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, SELL LEVEL 5 and SELL LEVEL 6. - from now on we are waiting for next signal
Good luck traders!!!!!!!!
Comment:
Sell1 and Sell2 activated (sell) - 2 transactions open - Sell1 and Sell2
Comment:
Sell3 activated (sell) - 3 transactions open - Sell1, Sell2, Sell3
Comment:
After 2 months market closed our 3 transactions with total profit of 1074 pips
- Sell1: +259 pips
- Sell2: +330 pips
- Sell3: +485 pips
Total: 1074 pips
- Sell1: +259 pips
- Sell2: +330 pips
- Sell3: +485 pips
Total: 1074 pips
Comment:
Comment:
This algorithm is no more active.
Please do not make any more transactions at levels Sell4, Sell5 and Sell6
Please do not make any more transactions at levels Sell4, Sell5 and Sell6
