El Tangonator Strategy

Strategy for my El Tangonator indicator. Optimized for Bitmex XBTUSD 4h chart. It includes pointers for entry, target and stop loss.

Available only to TRI members.

הערות שחרור:

- updated risk %
- switched TP1 and TP2
- changed some defaults
- fixed short trade levels not being plotted on the chart

הערות שחרור:

- couple of fixes
- added the option to switch targets

Strategy for El Tango Indicator:

Best used on the 4h chart - Ideally with the direction of the trend
Best to take the trade as soon as the indicator fires rather than waiting for a retest. This is because most of the time the retest does not come if it’s a strongly trending market
Aim for a 5 to 1 R:R ratio
Set your stop at 1% below/above the previous market structure - this is for BTC
Once the target is hit, if you’re in the direction of the trend, take some profits then trail the remaining at around 5%
The indicator gives you the entry level - it is the middle of the previous W
Make sure stop is 1% below market structure so it is not as easily stopped out

הערות שחרור:

increased precision