JF Capital, John Fong - Private Fund Manager Indicator 2.0
Label "BUY" means to LONG.
Label "SELL" means to SHORT.
Buy 1 means First LONG signal
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Buy 5 means the Last LONG signal
Sell 1 means First SHORT signal
.
.
.
.
Sell 5 means the Last SHORT signal
If you want even higher win rate, select only label "buy" or label "sell" where price action touch 20 SMA or 50 SMA or 150 SMA
However, with this extra filtering you will have less numbers of trade.
This indicator only work with timeframe H4 and above.
Suggest to take profit with minimum 1.5R risk to reward ratio.
Win Rate estimate to be 55% ~ 65% with 1.5R risk management on H4 and above time frame
Label "SELL" means to SHORT.
Buy 1 means First LONG signal
.
.
.
.
Buy 5 means the Last LONG signal
Sell 1 means First SHORT signal
.
.
.
.
Sell 5 means the Last SHORT signal
If you want even higher win rate, select only label "buy" or label "sell" where price action touch 20 SMA or 50 SMA or 150 SMA
However, with this extra filtering you will have less numbers of trade.
This indicator only work with timeframe H4 and above.
Suggest to take profit with minimum 1.5R risk to reward ratio.
Win Rate estimate to be 55% ~ 65% with 1.5R risk management on H4 and above time frame
Release Notes:
Version 2.0