My rules of trading with the indicator:
* Time frame M15/M30/H1
* Make every trade same risk 1-2% of your account
* The Stop loss is not fixed, it depend on the high / low of the candle
if the signal is buy signal
SL: Below the low of the candle - (about 20 pipe for M15 time frame / about 25 pip for M30/H1 time frame)
TP: At least 3 times the SL, after it reach profit = 3 times the SL u can close the trade as you want or part of the trade and then u can use the trailing stop.
if the signal is sell signal
SL: Above the high of the candle + (about 20 pipe for M15 time frame / about 25 pipe for M30/H1 time frame)
TP: At least 3 times the SL, after it reach profit = 3 times the SL u can close the trade as you want or part of the trade and then u can use the trailing stop.
* If the trade reach profit pips = stop loss, then you have to move the stop loss to the entering point.
*lets assume you had enter every signal that will appear with all my rules with fixed risk of your account 1-2% for every trade
* and you enter 3-4 bad signal
* and you enter 2 good signal ( i assume the minimum good signals of 6 signals)
the total =you will be in profit. because you have set every trade its TP = 3 times the stop loss. and the 2 good signal = at least 6 bad signal.
so in total every weak / month you will have +$
----------------------------------------------------------
and of course the most signal is good signals but i have assumed the minimum good signal above to try to explain even in worst condition in market you will be in profit.