TradeMe MANUAL
Initial configuration of the indicator
Open any chart, for example, https://www.tradingview.com/chart/?symbol=BINANCE%3ABTCUSDTPERP.
Proceed to click on your chart, as shown in the screenshot below, and add the indicator to the chart.
›The indicator will then show up on the chart like the following.
To configure additional settings, click on the gear icon against the indicator name
SELL Indication
The screenshot below displays when a sell signal is given.
Buy Indication
The screenshot below displays when a buy signal is given.
We then change the settings from 55 to 34 as shown in the screenshot.
Here is an example of uptrend and downtrend being indicated on the graph.
Using TradeMe (SHORT)
Steps are simple, if the trendline is Red and the indicator shows "SELL", you SHORT.
Using TradeMe - LONG
Similarly, if the trendline is Green and the indicator shows "BUY", you LONG.
Setting Stop Losses
We recommend the stop-loss be set before the last swing high/low candle.
Here is an example of a stop-loss set on a SHORT trade.
Here is an example of a stop-loss set on a LONG trade.
Setting Alert
You can now set alert by clicking on the Indicator options as shown in the image below.
You can then set the Alert for your desired signals on the desired chart. The alert can be set for BUY, SELL, Long Take Profit and Short Take Profit signals.
Please note, if you are setting an alert on the 15 Minutes chart for BUY, you will get an alert when the next Buy appears on the 15-minute chart.
Take Profit Alert
Similarly, you can customize the percentage of profit you wish to achieve from the trade. By default, the value is set to 1 % and can be customized from the indicator settings as shown below.
Below is a screenshot of Long TP being shown on the chart.
The screenshot of the Short TP is shown below.
NOTE :
- Do not take the trade against the trend, If, the trend is up, do not take the sell signal and if, the trend is down, do not take the buy signal. Ignoring such signals is recommended.
- Put market buy/sell order after the candle closes. A candle close gives confirmed buy/sell signal.
- Don't enter the trade If the signal is behind a few candles, it's better to wait for the next signal than to enter late.
- The indicator can be used for any time frame. However, 15 minute and above is recommended.
- Always start with low position size. See how it performs before increase your position size (As per own risk).
- Do not go against the rules.
- Be patient. If you miss a signal do not get impatient and forget rules, this will ruin your trading account.
- Contact us on Telegram @dead0x. Do not believe anyone else who claims to be us.