Stoplosssignal
BTCUSD 1D ADVANCED TRIANGLE BREAKOUT INDICATORAdvanced Triangle Breakout Indicator shows Short Trade Red Column Signal.
Advanced Triangle Breakout Indicator shows Open Short Trade Entry Signal.
Advanced Triangle Breakout Indicator shows Stop Loss Signal.
Advanced Triangle Breakout Indicator shows Adjusted Stop Loss Signal.
Advanced Triangle Breakout Indicator shows 1 x 2 risk/reward Take Profit Short Trade Exit Signal.
PM me if you have any questions I can help you with about this indicator.
BTCUSD 4H STRIKE TRADER ELITE (STE) LONG TRADEStrike Trader Elite Indicator (STE) shows Entry Signal Level
Strike Trader Elite Indicator shows Stop Loss Level
Strike Trader Elite Indicator shows Take Profit Level
Strike Trader Pulse Indicator shows Histogram crossover
PM me is you have any questions I can help you with about the STE Indicator
USDMXN - HOW TO TRADE WEEKLY SIGNALS WITHOUT BREAKING THE BANKThe weekly trade signals are very powerful to trade but the weekly stop losses are so large it makes you trade very small size positions.
It takes a long time for a weekly entry to hit it's first target.
This technique takes that built up explosive energy in a huge weekly pattern.
But to trade a size that will make it worth while and to get in and out of the trade more quickly.
The weekly chart shows the week of Dec. 9th is the candle that triggered the trade.
It closed on Dec 13th at an ATR of .3457.
This pair moves a hugh amount of pips every day.
Weekly ATR = .3457
Weekly candle close entry @ 19.00
Weekly SL is 1.5 x ATR (.3457) = .5186 pip SL or SL @ 19.5156
Weekly 1st TP is 1 x ATR = .3457 pip TP or TP @ 18.65
Use the free trade size calculator at our TSG website under free tools.
Demo Acct Size $10,000 Risk Percentage 1% (open two positions of 1% each) & SL of 5186 pips =
You can trade 3.62 Micro Lots or 3 micro lot trade size.
You still watch weekly chart for breakout setup but use 1st Daily chart for SL & TP.
Your alternative option is to use the Daily SL & TP for the daily breakout candle close.
Dec. 9th Daily Close breakout candle.
Daily ATR = .1361.
Daily candle close entry @ 19.24.
Daily SL is 1.5 x ATR (.1361) = .2041 pip SL or SL @ 19.44.
Daily 1st TP is 1 x ATR = .1361 pip TP or TP @ 19.1039.
Free Trade Size Calculator - Demo Acct Size $10,000 Risk 1% with SL of .2041
You can trade 9.59 Micro Lots or 9 Micro lots.
Your Daily 1st TP is closer now also at 19.1039 which your are trading with 9 miro lots.
1st TP was hit on 4th day.
USDMXN 1W trade was tied up for 5 weeks with 6 micro lots without hitting 1st TP.
Use Weekly Chart Pattern Trade set.
But use 1st Day Candle Breakout Close for Trade Management data.
No reason to use full week numbers on a weekly trade signal.
This applies to all markets that you trade.
We often see big patterns on indexes and metals where you can use this technique to shorten your trades.
This also allows you to use a bigger size.
Much better to see your TP hit in a day or two.
EURJPY 1H STRIKE TRADER INDICATOR LONG TRADEStrike Trader Indicator finds Long Signal Entry
Strike Trader Indicator finds Take Profit
Strike Trader Indicator finds Stop Loss
Price did not hit Strike Trader TP
Find your own TP
Double Top Chart Pattern
Close trade when price breaks below Double Top Neckline
EURUSD 4H EFC INDICATOR STRATEGYEFC INDICATOR is a REVERSAL finding INDICATOR.
EFC INDICATOR finds your ENTRY SIGNAL.
EFC INDICATOR finds your STOP LOSS.
EFC INDICATOR finds your TAKE PROFIT.
EFC INDICATOR has an adjustable risk reward setting.
PM me is you have any questions about the EFX INDICATOR that I can help you with.
Connect a Two MM Cross (Signal version) to the Trade ManagerHey everyone
Seems I wasn't clear enough yesterday when sharing the Trade Manager. Sorry for that
Here's a quick video showing what you should do :
Add the Two MM Cross (Signal version) to your chart
Add the Trade Manager (Open Source Version)
Connect your Two MM Cross Signal to the Trade Manager
I created this dummy script for you to play with the Trade Manager Two-MM-Cross-Signal-version/
But, you can also create your own indicator and add only 2 lines as I explained in the Trade Manager indicator description post
Hope this will clear things up a bit
See you later for the indicator of the day
Dave
NZDUSD 4H BOLLINGER BAND STRATEGYStep 1 Price touches & breaks below Lower BB.
Step 2 Breakout candle above Middle BB.
* Big bold bullish candle closing near the top.
Step 3 ENTER at the close of the breakout candle.
Step 4 SL placed 5 to 10 pips below breakout candle
Step 5 TP at break & close below the Middle BB
One Line IndicatorHello everyone! While messing around with some indicators I came up with this moving average line that is surprisingly accurate and easy to use. I feel it can be used alone or better yet something to add to your arsenal and give you confidence that a trend is about to happen. When the price moves and closes above the line, the chance of it staying above the line is significantly more than 50%, this works going down also. Basically, when the price is above it's bullish and when below it's bearish. It can also works great as a place to put a stop loss.
Let's begin with the current 4h Bitcoin chart. Currently the price has closed below the line. Based on the MACD and Stochastic indicators we shouldn't go down much further however I don't think the price will close above the line and even if it does there are more signs the price will continue to go down and you'll see why below. Another bearish sign is the price failed to get above the 38.2% fib level.
The price has is currently below the line and may likely close below. The MACD and Stochastic indicators are in overbought territory so I predict well drop to around $5.9k - $6.1k in the coming days.
Intermediate Trading Strategy - Part 2In part 1 we discussed how to identify a trend and the importance of understanding the time horizon. Please start with that post so that you understand how I identify trends.
Rules of Thumb
The longer the time frame = the lower the risk
The shorter the time frame = the higher the risk
The higher the leverage = the higher the risk
The lower the leverage = the lower the risk
The stronger the market is trending the more comfortable I feel taking on risk, in terms of position size and time frame. When the market is trending and all of the time frames are lining up then I will make some day trades. However, this has not been the case in months and is not something I am actively looking for.
Risk:Reward
If Real Estate is ‘Location, location, location!’ then in trading it is ‘Risk:reward, risk:reward, risk:reward!’
For me it does not matter if it is shorting Bitcoin' (my favorite asset) or longing a US financial stock (one of my least favorite), if the risk:reward is unbalanced enough towards my favor then I will take a position. If it isn’t a 4:1 bet then I have to be very, very certain in the position.
In order to understand this ratio I must write down my stop loss, and profit target(s) beforehand. The stop loss and profit targets are gospel! Changing them ruins the entire position. Lacking the discipline to stick to the stop loss/profit target in the heat of the moment = lacking the ability to actively trade.
Stop Losses & Profit Targets
Stop losses are usually straightforward. In parabolic markets they can change, but they shouldn’t be much more difficult. One thing that may separate me from other traders is that I like to give my position plenty of room to develop.
I hate getting whipsawed on my trades! It is my least favorite feeling and one that has taught me many lessons.
I am extremely patient and cautious with my entries. I wait until I am very confident in my position and therefore I am comfortable giving it plenty of room to develop. I set it at a level where I know I will not want to adjust it if the market is moving against me. In fact I would probably do well taking the other side of the trade, a/k/a ‘flipping my position’ as soon as my stop loss is triggered. However I have a strict no re entry rule for a minimum of 24 hours after getting stopped out.
In bull markets I set it slightly under the prior low. I will use the weekly chart by default and then zoom in to see if I feel comfortable setting it a little tighter. In bear markets I set it slightly above the prior high. This is usually illustrated by ‘Bill Williams Fractals’.
I will trail my stop loss once a new high/low is established.
If the market has entered a phase 3 hyperwave, as defined by Tyler Jenks, then I will use the Parabolic SAR' instead of Bill Williams Fractals. On the weekly chart I will use the previous SAR' as my stop and trail it as soon as a new one is printed. Or if I am using the daily chart I will set it two SAR’s behind and move it up one each time a new SAR is printed.
In the part 3 we will delve into profit taking.
BCHUSD 30M EFC STRATEGY INDICATOREFC INDICATOR
Shows open buy/sell signals
Shows close buy/sell signals for exit take profits
Shows Stop Loss
PM me if you are interested in reading about the EFC Indicator
BCHUSD 4H BITCOIN INDICATOR SIGNAL STRATEGYThis is the Bitcoin Signal Strategy indicator
It finds when price breaks out of our proprietary ATR channel lines
Short or Long signals are painted on the chart
Stop Loss is red signal line based on a 2 to 1 risk ratio
Stop Loss is then a trailing price stop loss as price continues it move
Target Profit is blue signal line based on a 2 to 1 risk ratio
Trade will exit when price hits the blue take profit signal line
PM me if you would like more information. I will be happy to help