Target points and Stop Loss for this system is "dynamic", which he called them, because they change according to the indicators used. You will understand what it means after you read the logic. At first it may seem a little complicated, but soon you will realize it is very easy to follow and understand. Of course, the diagram with the examples eventually will give the full picture.
The system is using the forex indicators look: ATR channel and StepChoppyBars v1.1, who need to work with both StepMA v7 and StepRSI v5 2 indicators.
Legend for indicator StepChoppyBars is as follows:
Blue: Strong uptrend.
Dodger Blue: Browse the uptrend
Light Blue: Choppy uptrend
Aqua: Be ready to change the uptrend
Red: Strong downtrend
Tomatoes: Browse the downtrend
Orange: Choppy downtrend
Yellow: Be prepared to change the downtrend
Download MT4 forex system Pablosky indikators:
ATR Channels.mq4
StepChoppyBars_v1.1.mq4
StepMA_v7.mq4
StepRSI_v5.2.mq4
Buy & Close-buy Logic's
Buy three the same position when candle closed between Lime ATR Centre Line and Aqua ATR Line, choppy wax Bar is blue and the previous Step choppy candle Bar blue or yellow. SL to three open positions is the closure of the candle under the Yellow line of the ATR.
Target point to the first position is the closure of the candles on top of the line of ATR Aqua. Once this is achieved, the loss of Stop TP from the remaining two open positions will be moved to break even. TP to the second position is closing the candles on top of the line of ATR Dodger Blue. After it reached TP, SL of the open position, the rest will be near the candle under the ATR Aqua. If the trend continues and price "touches" Blue line of the ATR, SL these last position will now close the candle under the ATR Dodger Blue. The last position will remain open until the SL triggered or wax is painted Aqua.
Note: in the case of wax is painted red, Orange or yellow Tomato, during any time of the process, all positions must be closed.
Sell & Close-sell Logic's
Offers three positions of the same when the wax seal between the central line and the line Lime ATR ATR Yellow, choppy Bar red candles and previous Step wax is the Red wavy Bar or Aqua. SL early for the three open positions is the closure of the candles on top of the line of ATR Aqua.
TP to the first position is the closure of the candle under the Yellow line of the ATR. After it reached TP, SL of the remaining two open positions will be moved to breakeven. TP for the second position is when the closure of the candle under the Orange line of the ATR. After it reached TP, SL of the open position, the rest will be closing the candle above the yellow line of the ATR. If the trend continues and price "touches" the red line, the ATR SL from last open position will now shutdown of candles on top of the line of ATR Orange. The last position will remain open until the SL triggered or wax is painted yellow.
Note: in the case of wax is painted Blue, Dodger Blue, Light Blue or Aqua during any time of the process, all positions must be closed.
Note: If we see opportunities to sell but a candle that closes between yellow and Orange line (not between lime and yellow line), very close to the yellow line, you can:
-Open three positions, implementing TPS and the SLS for 2 and 3 position as usual and use the same Polling Stations and SLS from the 2nd to 1st position.
-Open two position, ignoring the 1 one and apply TPS and the SLS for 2 and 3 position as usual. The same logic applies to a buying opportunity, but does not often happen.
When taking a position, always waiting for the wax to close. A variation that may be open only one position and moves the SLS accordingly.
This system generally delivers accurate signal and if not, will tell You to come out from the beginning to avoid big losses. Also, it may be that because no trend so long at least the first TP will be achieved, so that You will generally be out happy with profit. This system requires attention, but not so much, it's enough to see the graph every 4 hours to see how the candle that closes.
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