Rich Huobi Bot Ultimate Info Graphics v9 Huobi Indicator

Description

General Trading instructions for Rich Huobi Bot Ultimate Info Graphics v9″
” ————————————————————————————————————————————————————————————-”
” Rich Huobi is BreakOut trading system which uses either the DAILY OPEN or DAILY CENTRAL PIVOT as the Central starting point.”
” ”
” Rich Huobi gives the Trading Setups in the COMMENTS on the left side of the chart”
” These COMMENTS can be either STATIC or DYNAMIC by selecting the Auto_Signals or Show_Rich HuobiCOMMENTS inputs ”
” NOTE : Both types of COMMENTS STATIC & DYNAMIC can be moved to anywhere on you chart by using the Shift inputs ”
” ”
” ————————————————————————————————————————————————————————————-”
” MANUAL TRADING : ”
” NOTE : Breakout Trading is usually best at times such as the LONDON / NEW YORK / ASIAN OPENS”
” ”
” When PRICE approaches a Rich Huobi ENTRY LEVEL wait for the 5 Minute candle to CLOSE before making a trading decision ”
” Use your favourite indicators of TREND and STRENGTH of DIRECTION to help with these trades ”
” A combination of H4 MACD & H1 MACD for the general TREND is commonly used with a M1 & M5 MACD & RSI 10 for ENTRIES”
” NEVER trade against the H1 MACD Trend, Recommended settings for MACD are 8 / 17 / 9 for a quicker response ”
” ”
” If H1 & H4 MACD are both ABOVE the CENTRE LEVEL and pointing UP only take LONG Trades”
” If H1 & H4 MACD are both BELOW the CENTRE LEVEL and pointing DOWN only take SHORT Trades”
” If HI is ABOVE the CENTRE LEVEL and pointing UP but the H4 is TURNED DOWN the PRICE may not run very far LONG ”
” If HI is BELOW the CENTRE LEVEL and pointing DOWN but the H4 is TURNED UP the PRICE may not run very far SHORT”
” NOTE : Generally if both TREND MACDs are pointing in the same direction the TRADES will go the ”
” DAILY AVERAGE DISTANCE or more for that day”
” If the TREND MACDs are against each other go with the H1 direction but expect about 60% of the DAILY AVERAGE DISTANCE”
” ”
” FOR EXAMPLE : EURUSD H1 / H4 Both UP = Range 80 – 120 pips – GBPUSD = Range 120 – 200 pips”
” EURUSD H1 UP / H4 DN or H1 DN / H4 UP = Range 30 – 60 pips – GBPUSD = Range 80 – 100 pips”
” ENTRIES : ”
” Wait for the M5 RSI to swing DOWN from ABOVE the 70 Level and the M1 & M5 MACD to turn DOWN from ABOVE the Centre Level to go SHORT”
” Wait for the M5 RSI to swing UP from BELOW the 30 Level and the M1 & M5 MACD to turn UP from BELOW the Centre Level to go LONG ”
” Using these entries should give minimal losses if you pick the wrong trade and it goes against you as the MOMETUM for the”
” M5 entry is going with you and so should the longer term TREND”
” ”
” EXITS : ”
” LONG Exit on the Rich Huobi Levels – Enter at BUY AREA and exit at either the 1 st or 2nd BUY TARGET”
” SHORT Exit on the Rich Huobi Levels – Enter at SELL AREA and exit at either the 1 st or 2nd SELL TARGET”
” DAILY AVERAGE EXITS : ”
” The other option is to assess the STRENGTH of the move and use the Rich Huobi AVERAGE ZONES 50% 75% 100% 125% 150% etc”
” as an indication of how far the PRICE will move based on the H1 / H4 TREND information previously assessed.”
” ”
” Built in TREND STRENGTH ENTRY System”
” TREND ANALYSIS”
” Rich Huobi 13 has built in Trading signals for TREND STRENGTH”

Grower, [04/17/2022 22:58]
” Select the Analysis_TimeFrame that suits your trading style or leave the the input Analysis_TimeFrame = 0;”
” to automatically select the timeframe you are viewing. ”
” ”
” ENTRY Signals”
” The EntrySignal_TimeFrame1 EntrySignal_TimeFrame2 are where you set the ENTRY Signal timeframes to suit your trading style ”
” NOTE : The EntrySignal_TimeFrame1 must be smaller than the EntrySignal_TimeFrame2 for the ENTRY Signals to work correctly”
” For example the trader would select M1 / M5 ENTRY Signals if trading off M5 or perhaps M15 & M5 / M15 ENTRY Signals ”
” if trading M30 or H1 – NOTE : The Rich Huobi System is mainly traded in the lower timeframes from M1 to M30″
” ”
“