I will get to the SL in the moment.
Try to understand the idea.
My algorithm alert me about LONG transaction starting at level Buy 1
Entrance at Buy level1 (buy) - TP at Take Profit 1 - but if -
the market will continue down than entrance Buy level 2 (buy again) and move TP1 to TP2 level (which means, you will have 2 transactions opened and both TP1 and TP2 will be from now on the same level TP2)
- if the market will continue down than entrance Buy Level 3 (buy again) and move TP1, TP2 to TP3 level (which means, you will have 3 transactions opened and TP1, TP2 and TP3 will move to TP3 level)
- if the market will continue down than entrance Buy level 4 (buy again) and move TP1, TP2, TP3 to TP4 level (4 transactions opened and all of them will have TP at the same level TP4
- if the market move down than entrance Buy Level 5(buy again, 5 transactions opened) ALL TP must be moved to the Level TP5
- and now - if the market move down than entrance Buy 6 (buy again, 6 transactions opened), ALL TP must be moved to the Level TP6 which means TP6 = TP2, TP3, TP4, TP5 and TP6 will bring the PROFIT------------ TP1 will be LOSS and this is your SL
4H TIME FRAME - it means you have to be patient because the market may need some time to respond. Sometimes VERY LONG TIME
PLEASE DO NOT FORGET !!!!!!!!!!!!!!!!!!!
If the market will hit any next Buy level below Buy 1 and take the Profit than do not entrance any next levels.
Example: market hit Buy level 3 - it means you have 3 transactions opened for buy(Buy1, Buy2 and Buy3) - next, market went UP and hit the TP3 - you close automatically all 3 transactions with Profit and DO NOT ENTRANCE ANYMORE BUY LEVEL 4, BUY LEVEL 5 and BUY LEVEL 6. - from now on we are waiting for next signal
Good luck traders!!!!!!!!
This algorithm is no more active.
Please do not make any more transactions at levels: Buy2, Buy3, Buy4, Buy5 and Buy6