VLSystem Algorithm
Updated
2 days ago we closed our 3 transactions on this pair with 265 pips Profit.
Please check the link to related idea to understand how this algorithm works.
I just changed the visualization and I hope it will still works great for you.
Please let me know if you want to come back to the old design.
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
- NOW - if the market move up than entrance Sell Level 4(sell again, 4 transactions opened) ALL TP must be moved to the Level TP4 = TP1, TP2, TP3 and TP4 will bring PROFIT
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. - from now on we are waiting for next signal
Good luck traders!!!!!!!!
Please check the link to related idea to understand how this algorithm works.
I just changed the visualization and I hope it will still works great for you.
Please let me know if you want to come back to the old design.
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
- NOW - if the market move up than entrance Sell Level 4(sell again, 4 transactions opened) ALL TP must be moved to the Level TP4 = TP1, TP2, TP3 and TP4 will bring PROFIT
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. - from now on we are waiting for next signal
Good luck traders!!!!!!!!
Note
Sell1 level was activated (sell) - One position open Sell1Note
Marked closed our 1 transaction (Sell1 -TP1) after 19 days with profit 112 pips.This algorithm is no more active for this pair so please do not make any more entrance at levels Sell2, Sell3 and Sell4
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