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EtherMatt

Top & Bottom Indicator with KDJ Confirmation

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
EtherMatt Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis youtube toptrader TOP bottomfinder topfinder strategy testing winrate scalping
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trendanalysis indicator beyondta youtube toptrader top bottomfinder topfinder strategy testing winrate scalping
Simple Top & Bottom Indicator with confluence of the KDJ Indicator!

Long Entry Example:
-Background Switched from red to blue
-Buy Label Printed
-KDJ close above 50

Short Entry Example
-Background Switched from blue to red
-Sell Label Printed
-KDJ close below 50

SL Placement:
-Last Bullish/Bearish Candle of previous opposite chart background.

Risk to Reward:
1:2 (recommended)
1.1.5 (higher Winrate)

I coded it into a Strategy.
Suitable for the 1min Chart.
Comment:
16% Gain on Account -> see Strategy Dashboard Top Right
(based on 1% Risk per Trade)
Comment:
SL Placement: ATR, Swing High's/Low's, S/R-Level's is possible as well
Disclaimer

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