Long Setup Triggered. As you can see we have the Entry and Targets defined... Trailing is with the blue balance line. This indicator automatically figures out Entries, Targets and Stops. THIS INDICATOR -- The Khaos-Crypto-Trader ... Automatically Calculates and Draws the Trade Roadmap for you...
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Trade is moving along nicely, a good strategy with this system is that once we hit Target 1, we take some profit, and then we start to mange risk by moving the stop to breakeven or we can stop out if price closes below the Blue Line.
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Target 1 has been reached. Setup says to take some profits and reduce risk, either move stop to breakeven and/or implement the rule that if a bar closes below the blue line, stop out.
Lets see if we can get to targets 2 / 3
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I see that tradingview wont carry forward the blue line.. so we cant illustrate how that works here.. Regardless, move stop to breakeven and lets see if we hit targets 2 and 3...
Trade is moving along nicely, a good strategy with this system is that once we hit Target 1, we take some profit, and then we start to mange risk by moving the stop to breakeven or we can stop out if price closes below the Blue Line.