Key Take-Aways

Key Take-Aways

Royal Algo indicator alone is an effective tool. It can help you find buy and sell opportunities in any market. Adding additional indicators will significantly increase your chance of success.

Also, when you add price action and key levels on higher timeframes. This strategy will become much more reliable.

Upward Momentum:

When the price is trending above the Conversion Line but still below the Baseline, Royal Algo signals an upward arrow. It is considered a weak buy signal. Therefore you should only consider opening a portion of your normal lot size/position.
When the price is trending above the Conversion Line and above the Baseline, meaning that the moving average cross-over already occurs and Royal Algo signals an upward arrow. It is considered a strong buy signal.

Downward Momentum

When the price is trending below the Conversion Line but still above the Baseline, Royal Algo signals a downward arrow. It is considered a weak sell signal. Therefore you should only consider opening a portion of your normal lot size/position.
When the price is trending below the Conversion Line and below the Baseline, meaning that the moving average crossover has already occurred, Royal Algo signals a downward arrow. It is considered a strong sell signal.

Ranging Market

Be extra careful when trading the ranging market because the market can possibly break out in either direction.
When the Moving Average is relatively close and clasping each other, it is considered a ranging market.

TIP

Imagine there is an arrow at the end of the Conversion line/Blue line. It will help you find better entry and exit targets. If it’s pointing up, it indicates a bullish trend. If it’s pointing down, it indicates a bearish trend. If it’s pointing sideways, it indicates a ranging market.

The Ichimoku Cloud system has certainly improved our trading strategy. Being that it offers dynamic support and resistance and the ability to predict price movement.

Trading using Ichimoku Cloud is simple but not easy. The main goal of this strategy section is to show you how we execute the Royal Algo indicator and the Ichimoku Cloud system. There are a lot of valuable YouTube videos out there that go in-depth on how to use the Ichimoku Cloud Indicator. You should definitely check those out, as it will improve your ability to read the indicator a lot better.

CONGRATULATIONS!

We really hope that this strategy can guide you in the right direction.

The strategy that we provide is just a guide. Past performance doesn’t guarantee future results.

If you need any assistance or have any questions, please reach out to us via email on our website under the contact us section or the email down below. Royal Algo offers 24/7 support. But due to high traffic, it may take a few hours for our support team to respond. We will do our best to get back to you in a timely manner.

Please email us at @royaltradingalgo@gmail.com