Episode 27 I created SL_TCL that displays the trading rules in the center of the chart instead of sticky notes
ShenLong Lab (Shenron Lab) is the dragon.
For first-time visitors, please allow me to introduce myself a little.
As an active trader who continues to generate monthly profits with self-made indicators, I have developed over 1,000 indicators and automation tools to date.
ShenLong Lab, following the Market Compass series,
begins the third installment, "Mind Setup" (Calming the Mind).
A series to align trading mindset through writing and protection.
The first item is
"SL_TCL (Trade Check List)"
has been released.
This time, I will talk about why this item was created and tips for following trading rules in MT4/MT5.
Haven't you entered without confirming the rules?Even when you have trading rules,
you may enter trades without confirming the rules while watching price movements.
Entries that deviate from the rules cannot be used for the next trade, whether you win or lose.
I myself used to write trading rules on sticky notes and stick them on my monitor.
But, after looking at them every day, they became familiar and I stopped noticing them.
A technique that can be done with standard features- Stick the rule sticky notes on the monitor
- Write the rules in a Notepad and keep it open beside MT4/MT5
- Draw the rules on the chart using MT4/MT5 "Text" or "Label"
Sticky notes and memos become familiar and fade from view as you see them every day.
Text written on the chart can overlap with candlesticks or interfere with chart analysis.
Rules should be displayed in the center of the chart before entry.
That is why SL_TCL was created.
Next, I will introduce how to use SL_TCL in a video.