professional Market Edge is scalping, trending, alteration indicator, with alarms. You are able to use it all along with match
with your plan whatever it fits you. My recommendation is to unite with my Colored RSI, and should two signals are matched, and
pointing same way (for example purchase on this indicator, and green on RSI, you can have a long place, prevent loss should be last local
low, if you want to be conservative, add ATR. ) you can take position. If you using moving averages, that’s even better if signal
aligns with 21,89,200 EMA, its triple confirmation of possible scenario and that trade looks really good. Again, take in
consideration this is only indicator, it’s not 100%, but when you get your confirmation signal, and you have your risk management in
place, you should be profitable in long run, not trade thinking just next trade, but serious of trades (as we pro traders do, and with
65-70% win ratio, you are good if you have proper risk management.)
Best Strategy for using it – or look at full automated EA trading it in video trading it:
professional Market Edge is scalping, trending, alteration indicator, with alarms. You are able to use it all along with match
with your plan whatever it fits you. My recommendation is to unite with my Colored RSI, and should two signals are matched, and
pointing same way (for example purchase on this indicator, and green on RSI, you can have a long place, prevent loss should be last local
low, if you want to be conservative, add ATR. ) you can take position. If you using moving averages, that’s even better if signal
aligns with 21,89,200 EMA, its triple confirmation of possible scenario and that trade looks really good. Again, take in
consideration this is only indicator, it’s not 100%, but when you get your confirmation signal, and you have your risk management in
place, you should be profitable in long run, not trade thinking just next trade, but serious of trades (as we pro traders do, and with
65-70% win ratio, you are good if you have proper risk management.)
[spoiler title=”Read More…”]
You put 21 EMA on your chart, take our Colored RSI, and this indicator.
This is second video, first you have down, and
this is second demonstration : https://youtu.be/YMgA5FgEcHU
When
the price is below 21 EMA and price is going up to it, 21 will act as resistance do not take a position, even if you got a signal (arrow) to buy.
You wait for the candle to close above 21 on that Time Frame, then you take a position, stop loss is on low of the signal or last local low.
Make 3-5 Profit Targets, and first profit target(PT) is the same distance as is your entry to your stop loss at least (if you know how to see
levels, it’s on first resistance). Every other PT, is the same distance, or on the next resistance if you know how to read levels. Same
stuff just other way around for sell (short) signal.
Fully automated EA on this strategy, levels and risk management: https://www.mql5.com/en/market/product/46520
Important:
When Price Action is flat (21 is flat), and you are in position, do not take other way position, till you get stop out, and when you get stop out
and you see price action is still flat, wait for another candle closure to see, some verification in the market. This is not to often but it
happens.
You put 21 EMA on your chart, take our Colored RSI, and this indicator.
This is second video, first you have down, and
this is second demonstration : https://youtu.be/YMgA5FgEcHU
When
the price is below 21 EMA and price is going up to it, 21 will act as resistance do not take a position, even if you got a signal (arrow) to buy.
You wait for the candle to close above 21 on that Time Frame, then you take a position, stop loss is on low of the signal or last local low.
Make 3-5 Profit Targets, and first profit target(PT) is the same distance as is your entry to your stop loss at least (if you know how to see
levels, it’s on first resistance). Every other PT, is the same distance, or on the next resistance if you know how to read levels. Same
stuff just other way around for sell (short) signal.
Fully automated EA on this strategy, levels and risk management: https://www.mql5.com/en/market/product/46520
Important:
When Price Action is flat (21 is flat), and you are in position, do not take other way position, till you get stop out, and when you get stop out
and you see price action is still flat, wait for another candle closure to see, some verification in the market. This is not to often but it
happens.
local low (if it’s on the same candle there is easy stop loss then).
to break even, after second profit target move stop loss on first profit target and so on).
Update 24 April 2020
We added Sounds alerts, and email notification for the signal of the indicator, see the picture in the picture section.
indicator itself.
indicator itself.
If you have any questions feel free to ask.
If you have any questions feel free to ask.
[/spoiler]