Re: THE ALKEMIX 2025 - MT5 EDITION

331
kudrpenk wrote: Fri Aug 08, 2025 3:49 am Good day, Cagliostro! I'll erase your picture, how to find out just how to close a deal or close a profit?
Hi - a great question, this is something that falls into the personal risk attitude category.

I avoid putting TP on charts for this reason, everyone has a different risk preference. This is what I feel to share with some degree of wisdom:

-Consider instrument and TF you are trading, the easiest and most scientific way to set a target is using ATR/ multiplier. It works very good also for SL. If you want a RR1 it will be 150% ATR SL and 150% ATR TP.
-Black levels, are wonderful targets, if contrarian levels exist, be sure that during the trading day they will be hit again. Fixes are also wonderful.
-When an opposite swing appears it's time to close the deal as well, you can wait for candle color to get neutral or opposite, but I usually close almost instantly when have an opposite swing.

There is a lot of literature about the topic, I suggest you do some researches.

+C+
These users thanked the author Cagliostro for the post (total 9):
Shink, SdW25, TCT_bx, FXMann, ismasevi23, asgariHoo, kudrpenk, WN25, davidpont
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro


QuestionRe: THE ALKEMIX 2025 - MT5 EDITION

332
Hi Cagliostro,

Given the way you designed the system,

is it possible to use it for trading just by:

1. waiting for a second DOT signal (small or big dot),

2. then waiting for the correct candle color,

3. then waiting for the Oracle to show the correct color,

4. and then entering the trade?

I mean, without checking the VWAP, market structure, etc.

Have a nice day !!!!! <3

+C+: Hi, if you read the posts above what you say has been stated clearly. Signals are not the usual second dots, are more complex, but logic stays the same.
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Re: THE ALKEMIX 2025 - MT5 EDITION

333
Cagliostro wrote: Fri Aug 08, 2025 6:56 am Hi - a great question, this is something that falls into the personal risk attitude category.

I avoid putting TP on charts for this reason, everyone has a different risk preference. This is what I feel to share with some degree of wisdom:

-Consider instrument and TF you are trading, the easiest and most scientific way to set a target is using ATR/ multiplier. It works very good also for SL. If you want a RR1 it will be 150% ATR SL and 150% ATR TP.
-Black levels, are wonderful targets, if contrarian levels exist, be sure that during the trading day they will be hit again. Fixes are also wonderful.
-When an opposite swing appears it's time to close the deal as well, you can wait for candle color to get neutral or opposite, but I usually close almost instantly when have an opposite swing.

There is a lot of literature about the topic, I suggest you do some researches.

+C+
Hello,Cagliostro! Thank you for your response and detailed explanation of several tools! I am delighted! -ATR/ multiplier. -Black levels. -When an opposite swing. Of these 3 tools, I only know Black levels, which is yours from the laboratory <3 . I apologize for not studying the others well. After publishing your new system. Cagliostro, please add the following 2 tools: -ATR/ multiplier. -When an opposite swing. This will make it easier for us to see where to close a trade.
These users thanked the author kudrpenk for the post (total 2):
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Re: THE ALKEMIX 2025 - MT5 EDITION

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kudrpenk wrote: Sat Aug 09, 2025 6:04 pm Hello,Cagliostro! Thank you for your response and detailed explanation of several tools! I am delighted! -ATR/ multiplier. -Black levels. -When an opposite swing. Of these 3 tools, I only know Black levels, which is yours from the laboratory <3 . I apologize for not studying the others well. After publishing your new system. Cagliostro, please add the following 2 tools: -ATR/ multiplier. -When an opposite swing. This will make it easier for us to see where to close a trade.
Hi there - no, it's not in the plan, you can easily add ATR SL or Chandelier Exit to the chart, as including extra stuff will not add value, only heaviness. Regarding the opposite swing, I don't get it, you have already a visible opposite swing with any zigzag system.
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro

Re: THE ALKEMIX 2025 - MT5 EDITION

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Cagliostro wrote: Sun Aug 10, 2025 2:42 am Hi there - no, it's not in the plan, you can easily add ATR SL or Chandelier Exit to the chart, as including extra stuff will not add value, only heaviness. Regarding the opposite swing, I don't get it, you have already a visible opposite swing with any zigzag system.
I wish you a cheerful mood, Cagliostro! I didn't mean what's in your plan. I didn't want to distract your plans and your system. I just wanted to ask when you will post a new version, after that the next post to reset a few tools to close the deal. Or if it's not difficult, you can drop here any recommendations of the tools for closing trades ATR sl, Chandelier Exit and others, except black levels. I'm sorry, I don't know English well, so I'm using a translation.


Re: THE ALKEMIX 2025 - MT5 EDITION

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Vakarox wrote: Mon Aug 11, 2025 7:48 am Not bad, my entry is at the start of the yellow line. At the time of my entry, the 3 oracles were aligned. But the indicator repainted over time.
You went against the L3 Arrow, very risky. The system is telling you to wait for a pull back before shorting.
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"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro

Re: THE ALKEMIX 2025 - MT5 EDITION

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Vakarox wrote: Mon Aug 11, 2025 10:29 am I’m sorry, but I don’t understand the mistake. After the square arrow, I should have waited for a regular arrow in the same direction, is that it?
Exactly, or you can trade directly the leg born with the square arrow.
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"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro