Systematic Mechanical Trading Just reacting to the symbols as they come.
The system starts with appearance of blue dots at the bottom of the chart. These blue dots signifies the setup in making. At the same time, it tells you what trade to take and at what price. If the next set of conditions are met, the system gives you trade signal in the form of a box, with stop loss mentioned therein.
The system will show an Exit signal if any of the below-mentioned event happens first: a) If Stop Loss is hit (as per user's acceptance level); or b) If desired profit level is achieved (again as per user. I prefer 7-10% for Longs and 5% for Shorts for partial exit. Rest, I trail); or c) If system exit conditions are met.
Order cancelled
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The system didn't give the trade signal. Hence, no trade taken.