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The best part is that the indicator calculates stop loss for you. All you have to do is to fill in the order. Alternatively, you can place the stop loss just below the grey dotted line. Where should you exit the trade? Well, you set the take profit using the reward ratio. In other words, you can set your own profit target, say 50 pips.

Also, you can wait for the indicator to post a bearish signal and exit the buy trade. Sell Signal Open short position when the indicator displays a red arrow and a sell alert. The pop-up alert also displays a suitable sell stop. Also, you can use a tighter stop loss by setting it just above the dotted line. If you are not sure about setting your own take profit, simply exit when the indicator posts a buy signal.

And im sharing my template for me its my holy grail at least i think cause i understand it and follow the rules. And nonetheless thank you every coder out there who came with all these wonderful systems and indicators! Important: One thing i noticed with the indicator its every time not always but sometimes he gives a signal and you take it the price can retrace for a little and then go in the direction where he is pointing at so dont get scared thats if all your bias its correct.

Buy Signal The indicator shows a green arrow, signaling that it is time to enter a long position. A screen alert pops up to ensure to identify the signal in real time. The best part is that the indicator calculates stop loss for you. All you have to do is to fill in the order. Alternatively, you can place the stop loss just below the grey dotted line. Where should you exit the trade?

Well, you set the take profit using the reward ratio. In other words, you can set your own profit target, say 50 pips.