HalfTrend M15
- Indicators
- Version: 1.10
- Activations: 5
GOLD, XAUUSD Trading Signal
Position Management & Trading Rules
Position Management
Important (You must be Follow this)
- use only 15m Time frame Chart
Gold
Small Position
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Take Profit (TP): 2400 Points
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Stop Loss (SL): 1450 Points
Big Position
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Take Profit (TP): 4000 Points
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Stop Loss (SL): 1650 Points
Entry Rules
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When the main indicator generates a Buy signal, enter the trade at the closing price of the same candle that produced the signal.
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The same rule applies to Sell signals. Enter the Sell trade at the closing price of the signal candle.
Signal Filter
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Add the default Triple Exponential Moving Average (TEMA) from MT5 with a period of 160 or 200.
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Buy Only: If the market price is above the TEMA line, take Buy trades only and ignore all Sell signals.
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Sell Only: If the market price is below the TEMA line, take Sell trades only and ignore all Buy signals.
This TEMA acts as the primary trend filter to ensure trades are taken only in the direction of the prevailing market trend.
