Here are the rules for identifying and entering Buy and Sell trades
Buy Trade Rules :
1. The Direction indicator must show “Trade Bullish Setups”.
2. Wait to spot a breakout of Green Resistance on the SupRes indicator.
3. Confirm the move – the Histogram indicator must be Green and StoRSI must be above 65.
4. If all the above conditions have been met, proceed to enter the market with a Buy trade immediately. You do not need to wait for the candle to close.
5. Place your Stop Loss at the breakout candle’s below.
6. Place your Take Profit at 4x the number of pips away from your entry as your Stop Loss (1:4 Risk/Reward Ratio).
Sell Trade Rules :
1. The Direction indicator must show “Trade Bearish Setups”.
2. Wait to spot a breakout of Red Support on the SupRes indicator.
3. Confirm the move – the Histogram indicator must be Red and StoRSI must be below 35.
4. If all the above conditions have been met, proceed to enter the market with a Sell trade immediately. You do not need to wait for the candle to close.
5. Place your Stop Loss at the breakout candle’s high. (I can enable /disable this function)
6. Place your Take Profit at 4x the number of pips away from your entry as your Stop Loss (1:4 Risk/Reward Ratio).(I can change risk/reward)
Add money management. (i can enable and disable this function)
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