5.3 Entering the trade and setting the limits

Video 1/1. With all the conditions confirmed and seconds before the candle closes we obtain the ATR and calculate our trade limits. 2 x ATR stop loss with a 1:1 R:R profit target.

This was recorded a little closer to the candle close than usual. The objective is to enter the trade on the close of the candle so prepare everything for the push of the deal button. Once all 5 conditions for entry are confirmed all we are waiting for is the candle to close. I had already prepared my trade deal with my broker and set my position size and limits accordingly. It was just waiting for me to execute the deal. Tip: If required you can always adjust your trade limits once you have entered.

You will also see here the alert notification of H1 Condition 1.1. If I was away from the screen and able to trade, I could quickly confirm all entry conditions and enter the trade within one minute of the candle close and from my phone if I had to. Price continues to move so enter asap to ensure the trade limits are correct.