Optimal Trailing TP
- Indicators
- Hispraise Chinedum Abraham
- Version: 1.0
The Optimal Trailing TP indicator can work both as an entry tool and as a profit-tracking tool. Its unique design allows it to provide buy and sell signals.
If you are already in a position, you can ignore the signal arrows. If you are not in a position, the arrows can alert you to a move in that direction on the timeframe or currency pair on which the indicator is set.
Thus, you can either use the signal arrows to enter and exit on the opposite arrow, or you can use the opposite signals to exit existing trades, which will help you track profits.
The arrows are great entry signals and do not redraw, fade or change in any way, shape or form after they have been printed. It works on all timeframes and is effective for both scalpers and swing traders.
Even if you are just a novice trader, it can make you profitable because it follows the simple but very powerful principle of "small losses and big wins." It can keep you in the right direction of the market when the market is trending and doesn't change until the broad trend is over.
When the arrows change to take you out of a trade, it is always a small loss, but when there is a big move in your favor, the arrow signals will not print an exit signal until the trend is exhausted or close to exhaustion. Thus, you are always guaranteed either small losses or very large profits in the long run.
If you are experienced in trading, you know that you are guaranteed profits by using this tool because it always keeps your losses extremely small compared to your gains.
It is important to note that this tool was designed to work in a trend. You should not use this tool when the market is fluctuating, as the probability of false signals increases. It is important to always get a trend direction signal on the higher timeframe before applying this tool on the lower timeframes of that pair. You should use either the Ultimate Sniper Dashboard or the custom Ultimate Sniper Dashboard to get direction on higher timeframes. This tool is not intended to be used as a standalone tool.
