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 LONG transaction starting at level Buy 1
Entrance at Buy level1 (buy) - TP at Take Profit 1 - but if -
the market will continue down than entrance Buy level 2 (buy 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 down than entrance Buy Level 3 (buy 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 down than entrance Buy level 4 (buy again) and move TP1, TP2, TP3 to TP4 level (4 transactions opened and all of them will have TP at the same level TP4
- and now - if the market move down than entrance Buy 5 (buy again, 5 transactions opened), ALL TP must be moved to the Level TP5 which means TP5 = TP2, TP3, TP4 and TP5 will bring the PROFIT------------ TP1 will be LOST and this is your SL
1h TIME FRAME - REMEMBER - there is possibilities that you will have to open 5 transactions or more on this pair - MANAGE YOUR BUDGET !!!!! - DO NOT INVEST EVERYTHING YOU HAVE !!!!!!
PLEASE DO NOT FORGET !!!!!!!!!!!!!!!!!!!
If the market will hit any next Buy level below Buy 1 than take the Profit and do not entrance any next levels.
Example: market hit Buy level 3 - it means you have 3 transactions opened for buy(Buy1, Buy2 and Buy3) - next, market went UP and hit the TP3 - you close automatically all 3 transactions with Profit and DO NOT ENTRANCE ANYMORE BUY LEVEL 4 AND BUY 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 LONG transaction starting at level Buy 1
Entrance at Buy level1 (buy) - TP at Take Profit 1 - but if -
the market will continue down than entrance Buy level 2 (buy 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 down than entrance Buy Level 3 (buy 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 down than entrance Buy level 4 (buy again) and move TP1, TP2, TP3 to TP4 level (4 transactions opened and all of them will have TP at the same level TP4
- and now - if the market move down than entrance Buy 5 (buy again, 5 transactions opened), ALL TP must be moved to the Level TP5 which means TP5 = TP2, TP3, TP4 and TP5 will bring the PROFIT------------ TP1 will be LOST and this is your SL
1h TIME FRAME - REMEMBER - there is possibilities that you will have to open 5 transactions or more on this pair - MANAGE YOUR BUDGET !!!!! - DO NOT INVEST EVERYTHING YOU HAVE !!!!!!
PLEASE DO NOT FORGET !!!!!!!!!!!!!!!!!!!
If the market will hit any next Buy level below Buy 1 than take the Profit and do not entrance any next levels.
Example: market hit Buy level 3 - it means you have 3 transactions opened for buy(Buy1, Buy2 and Buy3) - next, market went UP and hit the TP3 - you close automatically all 3 transactions with Profit and DO NOT ENTRANCE ANYMORE BUY LEVEL 4 AND BUY LEVEL 5. - from now on we are waiting for next signal
Good luck traders!!!!!!!!
Comment:
Level Buy 3 was activated (buy) - 3 transactions open Buy 1, Buy 2 and Buy 3
Comment:
Level Buy 4 was activated (buy) - 4 transactions open Buy1, Buy2, Buy3 and Buy4
Comment:
Level Buy 5 was activated (buy) - 5 transactions open Buy1 , Buy2, Buy3, Buy4 and Buy5
Comment:
After a month Market closed our 9 transactions:
Buy1: -146 pips
Buy2: -126 pips
Buy3: -65 pips
Buy4: +6 pips
Buy5: +78 pips
Buy6: +139 pips
Buy7: +207 pips
Buy8: +260 pips
Buy9: +334 pips
9 transactions were close at TP9 with total profit of 687 pips
Buy1: -146 pips
Buy2: -126 pips
Buy3: -65 pips
Buy4: +6 pips
Buy5: +78 pips
Buy6: +139 pips
Buy7: +207 pips
Buy8: +260 pips
Buy9: +334 pips
9 transactions were close at TP9 with total profit of 687 pips
2 transactions opened - buy