HOW TO TRADE WITH THE TREND PRO INDICATOR

HOW TO TRADE WITH THE TREND PRO INDICATOR

4 декабря 2023, 20:41
Roman Podpora
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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 1Trading 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.


        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.


            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.

              Option 3: 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.



              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



              TPSPROTRADING.COM.UA