🌋Wisechief Strat
This complete strategy allows you to take trades on the 15-minute TF for all cryptos. The next update will also be optimized for EUR/USD 🔥
The Main Signals:
Long/Short TRIANGLES (Main Strat): These are the primary signals for entering and exiting trades. When a Long appears, go long, and when a short appears, go short.
TP/SL (Exit Options): They help you get out of a trade partially or fully. As you can see, after a Long/Short signal, you may see several consecutive SL/TPs. Useful in case you only get out of the trade partially when the first signal appears, and you are still in a position.
Green/Red Circles (Second Strat): This is a second strategy. You can also use the TP/SL signals to exit. Green to go long and red to go short.
TP/SLs on top of the chart are for the Long Signals and on the bottom for the Short Signals
If you get a Long signal and enter a Long position. You can exit at TP/SL. But also at the Short signal that appears next!
Same thing for the second strategy. Ex: you have a green circle and go long. You can exit at the red circle.
Use the Trend Analyzer to filter the signals:
If TA is negative for more than 17 candles, avoid longing immediately and wait for confirmation.
If TA is positive for more than 17 candles, avoid shorting immediately and wait for confirmation.
As you can see in the image above, a long signal appeared after tens of candles in a negative Trend Analyzer. So you knew a bullish move was coming, but waiting a bit would be wise. So, for candles later, you entered the support line (S/R).
Avoid Trading Ranging Zones
If the Trend Analyzer has not been out of the -50;+50 range for a long time. Avoid trading.
Use S/R to TP/SL:
Since we cannot show signals for support/resistance crossings or demand/supply zones, it is up to the users to consider them when they are in a trade.
Some examples:
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