Forget for a moment about SL. Focus on TP at the time you entrance the market. Try to understand the idea.
My algorithm alert me about SHORT transaction starting at level Sell 1
Entrance at Sell1 level (sell) - TP at Take Profit 1 - but if - the market will continue up than entrance Sell2 level (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 Sell3 level (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) - if the market will continue up than entrance Sell4 level (sell 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 up than entrance Sell5 level (sell again, 5 transactions opened), ALL TP must be moved to the Level TP5 which means TP5 = TP1, TP2, TP3, TP4 and TP5 will bring the PROFIT. SL is not scheduled yet at this moment.
4H TIME FRAME - it means you have to be patient because the market may need some time to respond. Sometimes VERY LONG TIME . MANAGE YOUR BUDGET WELL!!!!!!!!!!
PLEASE DO NOT FORGET !!!!!!!!!!!!!!!!!!!
If the market will hit any next Sell level above Sell 1 and take the Profit than do not entrance any next levels. Example: market hit Sell level 3 - it means you have 3 transactions opened for sell(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, and SELL LEVEL 5. - from now on we are waiting for next signal
My ideas are not recommendations or trading advice, trade at your own risk
Good luck traders!!!!!!!!
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Sell1 activated (sell) - 1 transactions open Sell1
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Sell2 activated (sell) - 2 transactions open - Sell1 and Sell2