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Nexalgo Ignition

Entry signals that come with their stop and their exit, managed on the chart one trade at a time.

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Entry signals

A marker below the candle opens a long, a marker above it a short, when the candle closes. Candles take the colour of the running trade and turn grey while none runs. Only one trade runs at a time.

  1. A long signal on the close: a marker below the candle, and the candles take the long colour.
  2. A short signal: the long closes and a short opens on the same candle.
  3. The next long signal turns it around again. Past markers stay on the chart.

Entry, stop and targets

Every trade draws its entry and its stop. With Exit set to Fixed targets, three targets are added, and each one says "reached" once price gets there. When a trade ends, the level that ended it shows the result in percent.

  1. The trade opens with its entry, stop and three targets.
  2. Price reaches the first target: "TP 1 reached".
  3. The third target ends the trade and shows the result.

Trailing TP

With Exit set to Let it run, a Trailing TP starts at the entry and steps along with the price, never back. It is faint at first and turns full colour once the trade is far enough ahead. From then on, a close beyond it ends the trade.

  1. A long opens: the Trailing TP starts faint at the entry.
  2. The trade is far enough ahead: the line turns full colour and follows the price.
  3. A candle closes below it: "Trailing TP hit" with the result.

Stop loss

The stop comes with the signal. When price reaches it, the trade ends and the stop line says so. The finished drawing stays until the next trade opens and replaces it.

  1. A short opens with its entry and stop.
  2. Price turns and reaches the stop: "SL hit" with the loss in percent.
  3. The next signal opens a new trade and replaces the old drawing.

Continuation dot

Another signal in the same direction while a trade runs does not start over. A small dot marks it, and the trade keeps its stop and its exit. With Restart trade, such a signal opens a new trade instead.

  1. A short opens.
  2. Another short signal while it runs: a dot, and the trade keeps going.
  3. And another one: the next dot.

Early ignition

A signal right after a quiet phase, often just the end of a weekend, is marked with a small grey cross. It opens no trade, but it closes the one that is running.

  1. A long opens and runs, then the market goes quiet.
  2. The first move after the quiet phase: a grey cross, and the long closes with its result.

Pullback zone

At the signal, a grey zone labelled "Pullback 38-62%" is drawn from the last swing before it. Between the stop and the entry it shows where a pullback often ends; above the entry, where a move often stalls.

  1. A long opens, and the pullback zone appears between the entry and the stop.
  2. Price pulls back into the zone and turns up again.

Info panel

A small panel shows the state of the trade: waiting, long or short, the open result in percent and as a multiple of the stop distance, the Trailing TP and the stop mode.

  1. A strong long signal: STATE reads "Long · strong" and the open result starts counting.
  2. The Trailing TP goes live, with its current level.
  3. The trade ends: the panel is back to "Waiting".

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