Idea is to enter a trade when both the lower two rows display similar color. Go long when blue and go short when red. As this indicator repaints, I waited some more bars to appear before entering. 1h time frame gives more noise so I used 4h chart.
I've set the TP and SL according to the advice of the indicator... It hit stop loss before going up on the same bar and the lower bars still showing blue....
I'll do some more trade with this tool as it showed promising result when I looked back in the chart. I think I've entered in a quiet market. It would be better to add some more indicator to filter the false signal. This week, I'll only use this indicator and next week, I'll try adding some filter.
Another thing, I want to remind, I'm not using news.....so it may influence my results...
Till next week....we'll monitor the ability of this indicator.
Happy trading....
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