1. Understand the basics of technical analysis: to fully utilize this system, you need to understand the fundamentals of technical analysis, such as identifying high and low prices, trendlines, etc. This will help you effectively use indicators and make more informed trading decisions.
2. Study the internal parameters: the system has input parameters, such as "Period," etc. Study their values and understand how they impact the indicator's performance. This will allow you to customize the system to fit your needs and trading strategies.
3. Pay attention to bars of different colors: the system marks bars with different colors depending on the price's position relative to trendlines. Pay close attention to these color changes as they can serve as entry or exit signals.
4. Be ready to adapt: the market is constantly changing, and the system may not always provide accurate signals. Be prepared to adapt and make decisions based on other factors, such as trading volume, news, etc.
5. Practice on historical data: before using this system in real-time, conduct some tests on historical data. This will help you understand how the system works and what results it can produce in different market conditions.
6. Be patient: the system may not always provide instant entry or exit signals. Be patient and wait for signal confirmation before entering or closing a trade.
7. Learn and discuss: trading knowledge and the use of this system are continuous learning processes. Be open to learning new strategies and discussing your experiences with other traders. This will help you improve your skills and better utilize this system.
2. Study the internal parameters: the system has input parameters, such as "Period," etc. Study their values and understand how they impact the indicator's performance. This will allow you to customize the system to fit your needs and trading strategies.
3. Pay attention to bars of different colors: the system marks bars with different colors depending on the price's position relative to trendlines. Pay close attention to these color changes as they can serve as entry or exit signals.
4. Be ready to adapt: the market is constantly changing, and the system may not always provide accurate signals. Be prepared to adapt and make decisions based on other factors, such as trading volume, news, etc.
5. Practice on historical data: before using this system in real-time, conduct some tests on historical data. This will help you understand how the system works and what results it can produce in different market conditions.
6. Be patient: the system may not always provide instant entry or exit signals. Be patient and wait for signal confirmation before entering or closing a trade.
7. Learn and discuss: trading knowledge and the use of this system are continuous learning processes. Be open to learning new strategies and discussing your experiences with other traders. This will help you improve your skills and better utilize this system.
Versionshinweise:
Added take profit, where is the best place to close trades.
Versionshinweise:
Change RSI