Tips and Tricks (March 2020) – AOTI and AOTI-EA-Assistant

Here I have collected the most interesting notes and examples that I published earlier in March about the AOTI indicator. I will continue to make such information collections in the future. I hope this will be useful.

All-in-One Trade Indicator (AOTI): Read More…

AOTI-EA-Assistant for the AOTI Indicator: Read More…

Recommended Brokers: Read More

Once again about the importance of using additional indicator signals

What should we do if the price has gone further than our goals? Where to fix profits?

How do we trade short-term (and you?), then we are looking at the next strong price levels. And the reaction of the price and the indicator to these levels. See the example below for a Climax Bar (2 red dots above and below the candle)formed on the chart at a strong support level.

Additional Indicator Signals

The price can go further in the sell. But it may not go… Therefore, if we have not closed a profit before or still have an open part of the position, this is a good place and time to fix a profit.

It was also possible to fix the profit before. A few bars earlier, we see a Reversal Arrow and a Support Micro-Level. It’s called micro only because it works effectively at this point, but in fact, it is not micro at all, but a strong and proven level built by the AOTI indicator.


Next example:

AOTI AUDJPY MaxTP Level

Everything is simple here. The Max TP level almost coincides with another strong price level. As well as a number of confirmations: Reversal Arrow, Climax Bar…

If you did not set a hard stop earlier, then we fix the profit here.


A few comments about trading

We see the almost smooth movement (without significant pullbacks) on the EURUSD pair before starting the European session. At the same time, at the opening of the European session, the price did not reach the Max TP level. Although there were all chances for this.

But… If you have not closed positions at Today TP level and are waiting for the Max TP level to be reached, closing positions before opening an important trading session (European or New York sessions) is a good idea. Since when opening a new session, the price often gets a new impulse and can turn around or make a strong pullback. We can also set a breakeven in this situation if the price has not yet reached the profit level when opening a new session.

Closing Positions Before Trading Session

About GBP. Why did the Pound jump so much at the opening of the European session?

It’s simple – the release of several important news for the Pound.

Calendar

Economic Events Calendar

But this is not what I wanted to tell you all – the importance of news release is already clear to everyone. I want to tell you about a feature that I have been using for a long time. 

Since the AOTI indicator calculates levels that are important for currency pairs (I have already shown examples), the price tends to touch them in one way or another. These levels seem to attract the price. It often happens that the price barely reaches the level, knocks out our stop, and goes in the right direction for us. There are several reasons for this. The main one is the accumulation of orders of large market players at important levels. A lot of theory is devoted to this. Let’s not waste time now. The most important thing for us to understand is that our levels attract the price.

Stop Level Settings

That’s a reason why I’m not set the stop and profit levels immediately in the order. I try to close positions at opening prices, allowing the price, in the case of simple level testing, to roll back. Always consider each specific situation separately.


Another example for EURGBP

EURGBP Another Example

The price builds a Pin-Bar at the Stop Level, accompanied by a Micro-Resistance Level (which creates by the AOTI indicator). Similarly, the price tests an important level and goes in our direction.

For this reason, trading with a semi-automatic assistant system is much more efficient than a fully automated EA’s, that can ‘t handle all the market nuances.

You only need practice, and you will be invincible!


Main (but simple) Trading Rules

Look at the market in a combination of factors.

If you find it difficult to control multiple currency pairs at once, select the few that are most understandable to you. With time, you will be able to add other currency pairs and control a large number of currency pairs simultaneously, which will not be a problem for you.

Follow money management.


A few more examples of complex analysis and achieving success in trading

EURUSD Move Stops

Price Reached Target Level


Once Again About SL Level

We can close a position on a stop from the market, but I prefer to close only at the close of the candle to avoid downed stops.

EURAUD Stop Level

And here we go to M1 time frame:

EURAUD M1 Time Frame

We see that this is only a short (less than a minute) impulse, after which the price reached our target levels.


The same situation applies to close positions when the price reaches target levels.

EURJPY Buy Example

We have several options. We can fix the profit at the target level. We can wait for the candle to close and pull the stop under the candle that breaks through the level and then wait for additional signals about stopping the movement: micro support/resistance levels, Climax Bar.


Opening Additional Positions

Is it possible to open additional positions in the direction of our levels if the price has already reached one of them and rolled back?

It is difficult to say definitely “Yes” or “No”. If the price has already reached our target levels, then I try not to re-open positions if there are no additional signals for this. It depends on many factors: how the price reached levels (fast or slow), whether there were significant price rollbacks, whether there is important news, etc.

Opening Additional Positions

Understanding all this comes with practice. And the AOTI indicator is a tool that makes the market picture clear for understanding. I have been improving the indicator ‘s functionality for a long time, filling it with new features and even more useful tools to make the indicator as useful and convenient as possible, not only for me but for all of you! Unfortunately, not all things that are clearly visible to the eyes can be uniquely programmed and automated since there are a lot of nuances. But I’ve already done a lot of work, and I will continue to do so to make the indicator even better for everyone. I hope that all this will be useful for you, and I try not in vain.

All-in-One Trade Indicator (AOTI): Read More…

AOTI-EA-Assistant for the AOTI Indicator: Read More…

Recommended Brokers: Read More


🍀 Good Luck & Big Profits

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