// INGREDIENTS :
CONFIRMATION INDICATOR 1- INDICATOR (7,50)
CONFIRMATION INDICATOR 2- (11)
'VOLUME' INDICATOR 1- HAWKEYE
'VOLUME' INDICATOR 2- EXPLOSION (150,20,40,20,2)
OPTIONAL TO BE USED ALONGSIDE THIS INDICATOR TO MAKE THE FULL & COMPLETE, FRESH & TASTY 'TREACLE TART TRADING SYSTEM'
CONTINUATION INDICATOR- FOREXCAKEMIX MACD_VXI (13,21,8): (example rules are provided in the linked page)
EXIT INDICATOR- FOREXCAKEMIX QQE (14,5,4.236):
Risk Management/ Trade Entry and Exit Example:
For each trade, the SL (Stop Loss) will be set at 1.5 x ATR and the TP (Take Profit) at 1 x ATR.
Each trade to be split into two halves. Once the TP is hit in a successful trade, to move the Stop Loss of the remaining half of the trade to the break even point and then use the QQE to exit.
Continuations- Using MACD- if baseline has remained below baseline since last signal (the closing price), and the agrees (e.g. in a long situation, if the and the Signal line are above 0 AND the crosses above the Signal line, then a continuation trade can be taken.
The maximum risk per trade is 1% of the account.
ATR (14)- default setting.
Trailing Stop Loss- This is optional and could be set at 1.5 ATR once your trade hits a certain (pre-defined) price after the TP is hit, e.g after 100 pips profit.
Suggested Currency Pairs:
Peace & Love,