setup:
1. add martin trend bars, add martin S/R, add martin
L/S zones to chart
2. set martin S/R to 1 or 2 sensitivity (recommend 1)
rules for opening a trade:
-open if zone color is in the same direction as your
trade, green for long short for red
-open on the next 3 color trio you have after a trio
of the opposing color (aggressive)
-open on the next 3 color trio after a large block of
the opposing color (ultra conservative)
rules for stop loss:
-if longing, put SL slightly under the current support
(1-5 pips)
-if shorting, put SL slightly under the current
resistance (1-5 pips)
rules for taking profit/losses:
-you get stopped out on your trades
-if longing and resistance line becomes lower than the
previous resistance line then close the trade
-if shorting and support line becomes higher than the
previous support line then close the trade
-if zone color changes to the opposing color then
close the trade
-be smart and close the trade yourself under your own
discretion
1. add martin trend bars, add martin S/R, add martin
L/S zones to chart
2. set martin S/R to 1 or 2 sensitivity (recommend 1)
rules for opening a trade:
-open if zone color is in the same direction as your
trade, green for long short for red
-open on the next 3 color trio you have after a trio
of the opposing color (aggressive)
-open on the next 3 color trio after a large block of
the opposing color (ultra conservative)
rules for stop loss:
-if longing, put SL slightly under the current support
(1-5 pips)
-if shorting, put SL slightly under the current
resistance (1-5 pips)
rules for taking profit/losses:
-you get stopped out on your trades
-if longing and resistance line becomes lower than the
previous resistance line then close the trade
-if shorting and support line becomes higher than the
previous support line then close the trade
-if zone color changes to the opposing color then
close the trade
-be smart and close the trade yourself under your own
discretion
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.