Trading on open bar is difficult because any signal can appear and disappear any time (buy signal may be changed to sell signal and so on). AsI know - some traders making scalping on open bar.
As to exit so we can exit when we want - this exit signal of indicator is just a proposal - because many traders are using something as 'first take profit level', 'second tp level' ... if many exit signals so it may be partial closes.
yes, I agree - RSI is good for exit.
And the other update of this system, and for now - with Absolute Strength Market indicator:
Absolute Strength Market indicator is showing the market condition for any timeframe. For more explanation about market condition (bearish, bullish, correction, bear market rally etc) - go to this thread.
This is the image about how to use AFL Winner indicator:
May be ... I just explained about how to use AFL indicator as standalone indicator.
I will try to trade this setup just to see how this 'theoretical rules' will work in action.
I want to try but I created the signal ... so ... to test this scalping - I will need to stop the signal ...
I will try on Monday anyway as I like scalping.
Just installed MT5 for testing this scalping setup tomorrow: