In this blog we will talk about SETUPS FOR ENTERING A POSITION AND SETUPS FOR EXITING POSITIONS
Active discussion on the indicator in the telegram group
↓ ↓ ↓
OPEN BUY SETUP TIMEFRAME M5
- Step 1 : Trading hours (8:00 - 18:00)
- Step 2 : Change filter up (FILTER)
- Step 3 : Trend change + entry point 1.1 / 1.2 / 1.3 (up arrow)
OPEN BUY SETUP (WITH RFI LEVELS) TIMEFRAME M5
- Step 1: Trading hours (8:00 - 18:00)
- Step 2: Change filter up (FILTER)
- Step 3: Trend change + entry point 1.1 / 1.2 / 1.3 (up arrow)
- Step 4: Finding the price above the level (RFI BUY)
SOON
100% take profit on TP1
- Higher probability but lower profit Ideal for a variety of market conditions Market fluctuates by an average of 70%.
- A quick exit ensures that we take profits and avoid a reversal.
- Conservative approach, recommended for scalping.
100% take profit on TP1
Partial take profit 50% on TP1 and closing the remaining 50% on TP2.
- Moderate probability and profit.
- Ideal for swing conditions (moderate trend and moderate range conditions) that occur at an average of 50%.
- Overall recommendation due to good balance between profit and probability.
Partial take profit 50% on TP1 and closing the remaining 50% on TP2.
100% take profit on an opposite signal or follow the trend until it reverses.
- Less probability but higher profit as a strong trend will bring more profit. Ideal for trending market conditions ONLY.
- The market is trending only 30% of the time. Most trades closed with an opposite signal result in a loss.
- Recommended for advanced traders who can identify the development of strong trends.
TAKEPROFIT STRATEGY BREAKDOWN
Option 1: 100% take profit on TP1
- Higher probability but lower profit
- Ideal for various market conditions
- The market fluctuates by an average of 70%. A quick exit ensures that we take profits and avoid a reversal.
- Conservative approach, recommended for scalping.
Option 2: Partial take profit 50% on TP1 and closing the remaining 50% on TP2.
- Moderate probability and profit.
- Ideal for swing conditions (moderate trend and moderate range conditions) that occur at an average of 50%.
- Overall recommendation due to good balance between profit and probability.
- Less probability but higher profit as a strong trend will bring more profit.
- Ideal for trending market conditions ONLY.
- The market is trending only 30% of the time. Most trades closed with an opposite signal result in a loss.
- Recommended for advanced traders who can identify the development of strong trends.
TIMEFRAME SELECTION
Works in any timeframe, below are the suggestions:
- M1 M5 for scalping
- H1 for day trading
- H4 for swing trading
- D1 for long term trading
SELECTION OF TWO TIMEFRAMES (MTF)
Below are suggested combinations when using multi-timeframe mode.
- Junior timeframe M1 and senior timeframe M15
- M5 junior timeframe and H1 senior timeframe
- M15 Junior timeframe and H4 Senior timeframe
- M30 Junior timeframe and H4 Senior timeframe
- Junior timeframe H1 and senior timeframe D1
The lower timeframe is used to enter trades.
The higher timeframe is used as the main trend filter.
TPSPRO TREND PRO
MT4 > CLICK HERE < MT4
MT5 > CLICK HERE < MT5
You can use the indicator using the TPSPROSYSTEM TRADING ALGOROTHM
More details about entry points - https://tpsprotrading.com.ua/entry-points-forex
Telegram group - TPSPRO TREND PRO
TPSPRO RFI LEVELS
MT4 > CLICK HERE < MT4
MT5 > CLICK HERE < MT5
You can use the indicator using the TPSPROSYSTEM TRADING ALGOROTHM
More details about RFI levels - https://www.mql5.com/ru/blogs/post/755226
Telegram group - TPSPRO RFI LEVELS
Official Telegram channel: @TPSPROTRADING
