Buy signal. Enter long green dot. Take profit at TP1 or TP2. SL at SL1 or SL2
Sell: same as buy but with red dot.
Exit trade if opposite signal appears.
Less risk trade: enter only in the same direction as the trend on the higher timeframe.
example: Last dot on the D1 is red, enter only short on the H1.
Should you use TP1, TP2, or TP3?
Use TP1 if you are in a countertrend trade.
Use TP2 if you are trading in the same direction as the higher TF.
Always use SL2.
What do you do if you want to trade the daily chart since I don’t show the higher TF?
Wait for the entry signal on the 1 HR or 15M. Exit at TP2.
how much of your account should you risk? 1% per trade for whatever stop loss you decide to use.
How much gains can you make each month?
You should not be greedy. Focus on coordination with between the high and lower TF’s. Only go in the same direction of the higher TF if you are new.