💎 Guide to Setting Up Proper Trade Orders

An effective trade setup requires attention to the following basic factors:

B1: T - Trend (Main Trend)

Identifying the main trend of the market is the first thing you need to do. Understanding your position in that trend is very important.

B2: L - Levels (Important Support/Resistance)

Identify important support and resistance levels. These are points where the price is likely to react strongly, helping you make more accurate decisions.

B3: S - Signal (Reliable Signal)

Monitor and search for trading signals according to your personal method. It is advisable to analyze across multiple time frames to find the optimal entry point.

Trading Process

Identify Entry Signals:

Once you have a signal, determine parameters such as Entry, Stop Loss (SL), Take Profit (TP) to calculate the risk/reward ratio (RR). If RR < 1, consider not entering the trade. You should only enter when RR >= 1, the higher the better.

Calculate Trade Volume:

Based on your capital, usually 3-5% of capital for one trade is reasonable.

Manage Open Trades:

Closely monitor open trades. For example, if there is a profitable trade (R1), move SL to the Entry level to protect your capital and continue to let profits run.