Oops! I meant to add this to XU v015-Setup, but I will address it here instead.

This section explains how I use stops in my trading strategy.

**Setting Stops:**

First, download the enclosed stop script and copy it to the **scripts** folder, then restart MT4. You can set the stop by left-clicking it, holding, and dragging it to the desired level. If you need to change the stop, simply drag another one onto the screen and drop it at the new stop level; it will auto-update.

**Trade Entry:**

I enter a trade when the price crosses the MA lines, the candle changes color, and it's moving in the direction of the current Arrow dot.

**Using Stops:**

When I make a trade, I use two types of stops:

1. **Physical Stop:**
- This is an actual stop order placed at the current Arrow Dot.
- It serves as a fail-safe in case of sudden market movements due to news spikes or if the market moves against me while I'm not paying attention.

2. **Virtual Stop:**
- Set closer to the entry point, typically just above/below at the crossing of EMAs 13 and 55, this is where the RSI often crosses the mid-level area, indicating a likely movement. Hence, I do not use an RSI anymore but I use the 13/55 EMA instead.
- This represents a mental stop where I monitor the situation closely.

**Execution:**

In real market conditions, situations can change rapidly. If the price reverts back over the EMA lines, I rely on my intuition. If my gut tells me to exit, I do so immediately, well before hitting my virtual stop. I don't second-guess my instincts; I act upon them and move on.

If I decide to stay in and my virtual stop is hit, I close the trade without hesitation and wait for the next opportunity to set up.
Xard777

PS I have included the Take Profit TP script as well, again just drag and drop onto the level on the chart where the TP should be and repeat to update.