Help with this profitable Indicator
Hello traders,
Two months ago I discovered this indicator and use it in my trading. I have my own rules for using it, but I feel this indicator has greater potential. I want to share my ideas and metrics to those who want to improve their profits.
First I'll explain the rules, feel free to modify them for better use.
Time Range: 1 Hour Pairing: Any
Buy
- You need to wait for some time before crossing the +100 level of the indicator. It takes a long time after the candle closes.
- Do not receive the signal if there are already 6 bars before. Only take the content within the first 5 horizontal lines
sell
- You need to wait for a bar to cross the -100 level of the indicator. Go short after the candle closes.
- Do not receive the signal if there are already 6 bars before. Only take the inside of the first 5 horizontal lines.
quit
-You can choose TP, like 50 points or whatever you want.
-You can follow the traffic lights
stop loss
-I personally do not use stop loss because on the opposite signal I close the trade and open a new one. Sometimes the price will retrace -60 pips or more, but if the indicator does not change, profits will be made later.
I don't close the trade after a valid signal appears, the indicator can go from red to green and back to red multiple times, but if there is no valid signal, I keep the trade open.
Hope someone can improve this system.
cheers
Two months ago I discovered this indicator and use it in my trading. I have my own rules for using it, but I feel this indicator has greater potential. I want to share my ideas and metrics to those who want to improve their profits.
First I'll explain the rules, feel free to modify them for better use.
Time Range: 1 Hour Pairing: Any
Buy
- You need to wait for some time before crossing the +100 level of the indicator. It takes a long time after the candle closes.
- Do not receive the signal if there are already 6 bars before. Only take the content within the first 5 horizontal lines
sell
- You need to wait for a bar to cross the -100 level of the indicator. Go short after the candle closes.
- Do not receive the signal if there are already 6 bars before. Only take the inside of the first 5 horizontal lines.
quit
-You can choose TP, like 50 points or whatever you want.
-You can follow the traffic lights
stop loss
-I personally do not use stop loss because on the opposite signal I close the trade and open a new one. Sometimes the price will retrace -60 pips or more, but if the indicator does not change, profits will be made later.
I don't close the trade after a valid signal appears, the indicator can go from red to green and back to red multiple times, but if there is no valid signal, I keep the trade open.
Hope someone can improve this system.
cheers


















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