Finding Precise Entry and Exit Levels with AOTI Indicator

We often get questions about how to trade using All-in-One Trade (AOTI) daily levels. When do we need to enter a position and when to exit it? Today we will study the rules for working with daily levels.

Description of the AOTI Indicator Levels

• Forecasted Entry Level – the predicted level from which the price may start moving to the target level. You can use this level as an entry point, or you can seek entry points the other ways.
• Breakeven – when the price reaches this level, we can move the stop loss level to breakeven.
• Today TP – profit level of the current day.
• Today SL – stop loss level of the current day.

Additional levels (activated by the Add. Levels button in the control panel):

• FirstTP – expected minimum daily profit level.
• MaxTP – expected maximum daily profit level (for a volatile market).

About Forecasted Entry Level

Forecasted Entry Level is a strong level, which is calculated according to several criteria. Price tends to touch this level and then start moving to the target level.

An example of good work of the level:

But it could be different.

Only 2,2 pips were not enough to reach the level:

How can we enter the position, if the price has not reached the Forecasted Entry Level?

It is not so difficult. Just look at the nearest levels of support/resistance.

If we build the simplest levels from which the price bounces, we can see a great entry point. Support turns into resistance and resistance to support.

Extra tips from the support micro-levels, built by the indicator:

Another example:

In one of the next versions of the indicator, I will try to do an automatic search and display of such levels.

The Simplest Way to Trade by the Levels

If you are busy and you can’t trade during the business day, you can use the simple trading strategy for the levels.

It’s very simple. We open a trade in the time of appearance of the levels. Then we hold the position open until the price reaches the level of Today TP or Today SL.

To simplify the process of trading, we don’t use the other features of the indicator.

We close the position at the end of the day with a profit or loss.

Of course, you can use this simple strategy, but I recommend to understand the indicator and its functionality better to increase your potential profits. You can also try to combine it with your trading style and create your own strategy in which you will have confidence in executing.

Closing Positions After a Candle Close

I want to tell you about another idea that I use in real trading.

We close the position only after a candle closes above (or below) level.

What does it mean? Usually strong level means the accumulation of interests of a large number of players on it. As a result, it often happens that the price only slightly poking the level to knock-out the traders stop levels.

If we are trading on a small time frame like M5 (to reduce possible loss), we can close the position only after the candle closes above (or below) level, as I said earlier. Then a simple poke of the level by a price doesn’t throw us out of the position.

On the same principle, we can take the profit. We also can try to do it on the bigger timeframes, like H1.

Mass Closing of the Positions

One interesting pattern for you.

When the price has reached the target on the first pair, you can consider the possibility of closing the position for other currency pairs.

The price on the EUR/USD reached a profit (1.2000).

At this time on EUR/GBP currency pair, the price was up to the Breakeven level (0.8871). And we can close this position too.

And we have:

GBP/USD = -360 p.

EUR/USD = +450 p.

EUR/GBP = +260 p.

Total = 450 + 260 – 360 = 350 p.

Dynamic Stop Loss and the Decision to Open the Position

In the real trade, I always try to open positions in which the expected profit exceeds the possible loss.

To this rule, there are exceptions, depending on the market and a trader’s experience. But for beginners, it is the right decision.

For example, at the day start possible Stop Loss = 237 p.

Possible Take Profit = 611 p.   611/237 = 2.5 (ratio). Good for the entry.

Well, thank you for your attention. That’s all for today.