75+ win rate
Trailing stop always used as exit point
To trade only with the trand - enable MAs in the Inputs tab
x - means Entry signal is active and waiting for long validation
B - on a closed bar is entry signal for long
C - on a developing bar is exit long signal
Green line - long validation line. must close above to go long
Pink line - trailing stop
On Long Entry alert - use Once Per Bar Close option.
On Long Exit alert (Trailing stop triggered) - use Once Per Bar option to trigger sooner and protect your capital.
Always do your own analysis and make trades on your own risk. Find a confluence point where everything aligns and make your own decision. Don't enter a trade because the indicator tells you so. You are free to make a copy of the script and change it to your own needs for your own personal use.
Important: This script is intended to be used with Heikin Ashi candles.
- Added blue line - Long Entry point
- Added trailing stop to break even on green candles. Enabled by default
- Trailing Stop on all red candles
MAs changed to fib MAs (8-13-21-55) - disabled by default
Added option to trail stop loss for all higher highs above entry price - for tight stop
Enabled 'Buy On Higher High' option by default for faster entry (set alarm One Per Bar option to get the alarm asap)
Fixed a few bugs
First higher low above entry is trigger for trail SL
Added more settings for rules on how trailing SL should work - can be changed from the inputs page
Also added a new rule: a candle that wicks bellow the line and triggers SL and then turns back green is considered a signal candle. That way we reenter faster the trade after a fake out.
-Closing green candle is signal for next trade
-Closing red candle is signal for next trade
The high of the candle will be the entry point for the next trade. This is meant for faster reentry after a fake out. The option can be disabled from the inputs tab.
added more options to trail SL. (can be customised in the inputs tab)