Part A: Precautions for New Traders
1) It is for educational purposes and no recommendations for investors or investment.
2) Assess high risk in Gold before opening any trade. Avoid heavy risk.
3) For new traders, preferable demo account to practice first.
4) Recommended 0.01 lot/1000 USD if you are not aware of risk.
5) Dont forget to keep closing strategy in place to avoid heavy losses.
6) Indicator is designed on best mathematical parameters to identify highest and lowest targets.
7) Admin has no any other account to provide signals and no intention to sell Bots.
8) Admin can provide guideline only, Risk Management is traders responsibility.
Part B: Strategy
SIGNAL STRATEGY – Main Chart H1:
1) SELL
SELL@ First red dot of middle channel or red arrow, price level is displayed in stats.
SELL TP1: TP1 value is displayed in stats, it is inner lower channel. Preferable in low volatile market situation.
SELL TP2: TP2 value is displayed in stats, it is outer lower channel. Preferable in high volatile market situation.
Stop Loss: If trade entry level as per above, stoploss must be trend change to buy at first green dot or green arrow.
2) BUY
Buy@ first green dot of middle channel or green arrow, price level is displayed in stats.
BUY TP1: TP1 value is displayed in stats, it is inner upper channel. Preferable in low volatile market situation.
BUY TP2: TP2 value is displayed in stats, it is outer upper channel. Preferable in high volatile market situation.
Stop Loss: If trade entry level as per above, stoploss must be trend change to sell at first red dot or red arrow.
RENKO CHART:
It is 1H average chart with green and red Renko boxes. It is to identify major breakouts
1) Green Boxes, means price is in upward direction
2) Red Boxes, means price is in downward direction
BUY Trend:
Green boxes along with green line in upward direction.
Sell Trend:
Red Boxes along with red line in downward direction.
SideWave:
If Green and Red Lines are horizontal, it is identifying either side wave or correction in price.
This signal is designed as per best experience and practice. It is for educational purposes and no recommendations for investors or investment.
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