![]() It’s all about risk management first, profit second. You can either skip the trade or enter a smaller lot size. Be aware that if the session candle is very long, then your risk is higher. ![]() For short position, use the session high as stop loss. Stop Loss For long position, use the session low as stop loss. These lines depict the trailing stops that can be used and it is ideal to leave the Show Bars to ‘True’ in order to lock your profits and minimize risks.ĪlertsOn: A useful setting that helps in alerting you to a trend change When set to true, you also notice small bars showing up from the main trend line. Show Bars: The Show Bars setting can be toggled to True/False. The most important thing you can do for yourself is to practice on a demo account. That said the default setting of 2 works just fine to ride the short term trends. Traders are recommended to experiment with the settings and choose a value. Trends are prolonged and if you do not enter at the correct price, chances are that you could get whipsawed in the process. When the Amplitude is set to a higher value 5 or more, the Buy Sell Arrow Scalper MT4 Indicator becomes less sensitive. You need to be quick to act when the trend changes. This however comes with the benefit of capturing trends quite early. ![]() Lower the value to make the indicator more sensitive. Amplitude: The default setting is ‘2’ and this can be changed.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |