The SetUpps Strategy
BUYING
Only BUY when the signal appears.
Set your Stop Loss about 3 pips below the bottom of the (triangle) signal and leave it to run. Be patient!
Note: The bigger the candlestick, the bigger your Stop Loss will be which means a higher risk!
I would recommend using the Take Profit target below.
SELLING
Only SELL when the signal appears!
Set your Stop Loss about 3 pips above the top of the (triangle) signal and leave it to run. Be patient!
Note: The bigger the candlestick, the bigger your Stop Loss will be which means a higher risk!
I would recommend using the Take Profit target below.
CAN BE TRADED ON ALL CHARTS (M15 Preferably)
TAKE PROFIT TARGET
10 - 30 Pips per signal (ideally 15 Pips)
STOP LOSS SETTINGS
As stated in Entry Rules above or 3 pips below (if buying) the last swing low OR 3 pips above (if selling) the last swing high.
Best to trade in trend direction.
KEY POINTS
Start with the H4 (4 hour) chart as your main market structural map to confirm the trend of the market.
Look out for a change in direction of the market or a Pullback on the H4 chart.
Best NOT to trade against the trend!
If in doubt, for more confirmation of the signal, wait until after close of the candlestick with the signal before entering a trade. (Depending on the momentum of that candlestick as you could be loosing valuable pips)
This Strategy works best for traders that prefer to Scalp and also for Intraday trading.
Be patient and Wait for the signal!
Only BUY when the signal appears.
Set your Stop Loss about 3 pips below the bottom of the (triangle) signal and leave it to run. Be patient!
Note: The bigger the candlestick, the bigger your Stop Loss will be which means a higher risk!
I would recommend using the Take Profit target below.
SELLING
Only SELL when the signal appears!
Set your Stop Loss about 3 pips above the top of the (triangle) signal and leave it to run. Be patient!
Note: The bigger the candlestick, the bigger your Stop Loss will be which means a higher risk!
I would recommend using the Take Profit target below.
CAN BE TRADED ON ALL CHARTS (M15 Preferably)
TAKE PROFIT TARGET
10 - 30 Pips per signal (ideally 15 Pips)
STOP LOSS SETTINGS
As stated in Entry Rules above or 3 pips below (if buying) the last swing low OR 3 pips above (if selling) the last swing high.
Best to trade in trend direction.
KEY POINTS
Start with the H4 (4 hour) chart as your main market structural map to confirm the trend of the market.
Look out for a change in direction of the market or a Pullback on the H4 chart.
Best NOT to trade against the trend!
If in doubt, for more confirmation of the signal, wait until after close of the candlestick with the signal before entering a trade. (Depending on the momentum of that candlestick as you could be loosing valuable pips)
This Strategy works best for traders that prefer to Scalp and also for Intraday trading.
Be patient and Wait for the signal!
Release Notes:
This version should be traded on the M5 Charts for Scalping and on the M30 Charts for Intraday trading.
Release Notes:
The update version now displays 'SetUpps EDGE Signal' when an alert is triggered. Also my preferred currency pair: GBP/USD and preferred trading times: 8am - 5pm (UK Time)
Release Notes:
This indicator has changed and has had tweaks for less aggressive entries.
The update version now displays 'EBRM Alert' when an alert is triggered.
Preferred currency pair: GBP/USD and preferred trading times: 8am - 5pm (UK Time)
The update version now displays 'EBRM Alert' when an alert is triggered.
Preferred currency pair: GBP/USD and preferred trading times: 8am - 5pm (UK Time)
Release Notes:
A simple Beginner Strategy
Release Notes:
This version has been fine-tuned and best for trading Bitcoin/Crypto Currencies on M5 Charts.
Release Notes:
Typo Correction in script
Release Notes:
Confirm Trend direction on H1 Chart for confirmation and then scalp on M5 Chart.