RangeFilter SL TP
- Indicatori
- Versione: 1.0
- Attivazioni: 5
* Suitable for all major trading sessions and multiple timeframes.
Risk Management
Each trading signal includes an automatically plotted Stop Loss Line, providing a clear level for managing risk and protecting trading capital.
Dynamic Take Profit Levels
The indicator automatically displays five predefined Take Profit targets for every trade:
* Target 1 (TP1): 250 Pips
* Target 2 (TP2): 500 Pips
* Target 3 (TP3): 800 Pips
* Target 4 (TP4): 1200 Pips
* Target 5 (TP5): 2000 Pips
These profit levels allow traders to secure partial gains while leaving positions open to capture larger market trends.
* Target Levels — Clearly labeled TP1, TP2, TP3, TP4, and TP5
The clean and intuitive interface makes it easy to identify market direction and manage trades efficiently.
Benefits
* Advanced Range Filter trend detection.
* Clear Buy and Sell trading signals.
* Automatic Stop Loss visualization.
* Five predefined Take Profit targets.
* Reduces false signals in ranging markets.
* Easy-to-read chart layout.
* Supports disciplined risk management.
* Suitable for scalping, day trading, swing trading, and position trading.
* Compatible with Gold (XAUUSD), Forex pairs, Indices, Commodities, and CFDs.
Recommended Trading Rules
Buy Setup
1. Wait for the Blue Range Filter line and Blue candle confirmation.
2. Enter the Buy trade after confirmation of bullish momentum.
3. Place the Stop Loss at the displayed Stop Loss Line.
4. Take profits at TP1 (250), TP2 (500), TP3 (800), TP4 (1200), or TP5 (2000) pips.
Sell Setup
1. Wait for the Orange Range Filter line and Orange candle confirmation.
2. Enter the Sell trade after confirmation of bearish momentum.
3. Place the Stop Loss at the displayed Stop Loss Line.
4. Take profits at TP1 (250), TP2 (500), TP3 (800), TP4 (1200), or TP5 (2000) pips.
Best Markets
* Gold (XAUUSD)
* Forex Major & Minor Pairs
* Indices
* Commodities
* CFDs
