Community Post: circle.traderslandin...et-up-trading-script
This script is intended for informational and educational purposes only. Trading contains a high level of risk. Use at your own risk.
This script is intended for informational and educational purposes only. Trading contains a high level of risk. Use at your own risk.
Release Notes:
Original Video: youtu.be/poRF7VPhDkw
Original System Rules
☝️ Long Entry
1. RSI closes below the bottom Bollinger Band on the TDI.
2. Price moves back into or below the TEMA.
3. Enter on the candle that closes above the TEMA and the EMA.
👇 Short Entry
1. RSI closes above the top Bollinger Band on the TDI.
2. Price moves back into or above the TEMA.
3. Enter on the candle that closes below the TEMA and the EMA.
🔥 Risk to Reward: 1:1 for 50%, when 1:1 is hit, move the stop to break-even and target 1:2 for the 2nd half.
🛑 Where to place stop-loss:
For Longs: Below the previous swing low.
For Shorts: Above the previous swing high.
🚀 Where to take profits: 1:1, 1:2
Original System Rules
☝️ Long Entry
1. RSI closes below the bottom Bollinger Band on the TDI.
2. Price moves back into or below the TEMA.
3. Enter on the candle that closes above the TEMA and the EMA.
👇 Short Entry
1. RSI closes above the top Bollinger Band on the TDI.
2. Price moves back into or above the TEMA.
3. Enter on the candle that closes below the TEMA and the EMA.
🔥 Risk to Reward: 1:1 for 50%, when 1:1 is hit, move the stop to break-even and target 1:2 for the 2nd half.
🛑 Where to place stop-loss:
For Longs: Below the previous swing low.
For Shorts: Above the previous swing high.
🚀 Where to take profits: 1:1, 1:2
Release Notes:
Stop loss and take profit now calculated at trade entry and not every bar.
Release Notes:
Update title.