Power of Trend
LED Power of Trend, based on some of our strategies. It is specifically designed for long-term and short-term trading. Indicator Power Trend shows prices for input rates for output signals to buy or sell regardless of the timeframe. When installed on schedule, he analyzes the history of the past bars and shows all past and new signals.
- Open transaction to purchase when a signal BUY
- Open transaction for sale when a signal SELL
- M15 - M30 - H1 - H4 - D1
How to set a stop-loss?
- When the indicator provides a signal BUY or SELL, it automatically creates two small lines. It also shows the graph rates at input and a stop level.
- for transactions BUY the user can set a stop-loss at the first (fixed line stop layer 400 points) or to a second lower green line stop layer. This is an automatic level.
- for transactions SELL the user can set a stop-loss at the first (fixed red line at 400 points) or on the second upper red line stop layer.
- Normal stop loss is equal to 400 points, but if you set a stop-loss price on the second level, it will be much better.
- If a stop-loss of more than 800 or 1000 points, it is possible to avoid the signal.
Description of the input parameters
- Stop_Level = 400 - SL paragraphs for stop level line
- Target = 1100 - Reset signal after reaching the target level
- Usually the goal is to trade from 1200 to 1600 and from 1800 to 3200 points, but sometimes the market is moving in a positive direction from 650 to 900 points.
- If you set an order to buy, as the market moves in your direction about the range of 500-700 points, it is possible to set the stop-loss at bezubytka level. You can also wait to reach the target level.
- If you understand that the market will move in a positive direction, then you can set great importance to take profit.
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