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Example of settings⚙️

Example for BINANCE:BTCUSDT.P (last updated 11.07.2023)

42m Timeframe

  1. Example with percentage exit type and certain take profits.

In this case if you would close 15% of your position on take profit 1-5 and 25% on TP6 (If these take profit targets would not be reach then you would close the rest on the opposite signal) SL is turned off. Indicator will adjust stop loss dynamically with opposite signals. (you could try to experiment with Stop loss

Result👇

90% winrate 250% net profit 8% average on each trade (without leverage)

  1. Example. Indicator would close on opposite signal only

In order to close the signal on opposite signal you need to turn on ONLY TP1 and input some crazy Long and Short amount like we did. And set % to 100

👇Result

60% winrate with 317% net profit

  1. Example with signal exit type

In this current version 1.4 take profit signal works only for the first target (you can not split the position to multiple take profit signals, it will be fixed in 2.0)

Set exit type to "Signals"
Since we are on 42m timeframe, we will use a higher timeframe for take profit settings. (2Hours for example) Price Offset to 1 (this will close the position if it's at least in 1% profit
Same exit settings

Result👇

83% winrate 200% net profit
If we would set Price offset to 8 (indicator will close the position if its atleast 8% in profit)
Then the net profit would be increased but winrate decrased

All these backtests very performed on BINANCE:BTCUSDT.P 42-minute timeframe 26 sensitivity

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