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 = TP3, TP4 and TP5 will bring PROFIT ------- TP1 and TP 2 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.
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 = TP3, TP4 and TP5 will bring PROFIT ------- TP1 and TP 2 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.
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!!!!!!!!
Komen:
Sell level 1 was activated (sell) - 1 transaction open - Sell1
Komen:
Sell level 2 was activated (sell) - 2 transactions open - Sell1 and Sell2
Komen:
Sell level 3 and level 4 was activated (sell) - 4 transactions open - Sell1. Sell2, Sell3 and Sell4
Komen:
Sell level 5 activated (sell) - 5 transactions open - Sell1, Sell2, Sell3, Sell4 and Sell5
Komen:
Algorithm add new levels
Komen:
same update, I just added the levels
Komen:
Market closed our 5 positions with total profit of: 501 pips
Sell1: -59 pips
Sell2: -30 pips
Sell3: +82 pips
Sell4: +178 pips
Sell5: +330 pips
Total: +501 pips
Sell1: -59 pips
Sell2: -30 pips
Sell3: +82 pips
Sell4: +178 pips
Sell5: +330 pips
Total: +501 pips
Komen:
This algorithm is no more active. Please do not make any more transactions at levels Sell6, Sell7, Sell8 and Sell9
