ENTH

PART 3 · Signals

Entry/SL/TP

Entry/SL/TP = per-timeframe estimates Entry = the close of the reversal candle, SL = ATR×1.5, TP = 1R·2R·3R — use them together with confluence

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Chapter summary video

Real chart screen recording · not investment advice

Listen to the TL;DR summary of this chapter

Diagram of setting the SL with ATR and placing TP1 TP2 TP3 by R multiples
SL → TP with R multiples (R-Multiple)

TL;DR

Entry = the close of the candle where the Range Filter flips / SL = fixed ATR(14)×1.5 / TP = 1R·2R·3R — all three are estimates and must be used together with confluence

1 · What Entry is

Entry = the closing price of the candle where the Range Filter flips direction — Redhat draws the Entry line on the chart so you can see it clearly, no guessing needed

Entry line at 4459.8 on an XAUUSD H4 chart
The blue Entry line at 4459.8 on a real XAUUSD H4 chart — it appears at the close of the candle where the main filter flips direction, with the green Take Profit 1 line at 4564.14

2 · Entry ≠ Fib 0% ≠ Elliott

On the chart Entry + Fib 0% + the Elliott start point (1) usually sit very close together — but they are three different things, so do not confuse them:

  • Entry — the close of the reversal candle (from the Range Filter)
  • Fib 0% — the starting point of the Fibonacci lines (from the Fib tool)
  • Elliott (1) — the start of the Elliott wave (from the Elliott tool)
Entry and Fibonacci levels on an XAUUSD H4 chart
Entry and Fibonacci levels in one frame on a real XAUUSD H4 chart — the entry point is not Fib 0%, the two are clearly separate
Caution

These three points sit close together but are not the same thing — read the labels carefully before you decide

3 · How the SL is calculated

SL = ATR(14)×1.5 — one fixed formula, the same for every pair on every timeframe — ATR is the average price movement of the last 14 candles; multiply it by 1.5 and you get the SL distance

Teacher Bom's tip

The SL does not change from pair to pair — every pair uses the same simple ATR×1.5 formula, easy to remember

4 · Auto-Detect does not change the SL

The chart has an Auto-Detect option that looks like it adjusts the SL automatically by pair — but in reality it does nothing; it is old code that no longer works, and the SL remains ATR×1.5 as always

Full disclosure

Auto-Detect is dead code, it does not change the SL — do not be misled into thinking it adjusts anything for you

5 · TP1/2/3

TP comes in 3 levels = 1R · 2R · 3R — R is the SL distance (R = ATR×1.5), so TP1 = 1× the SL distance, TP2 = 2×, TP3 = 3×; the farther out, the bigger the reward, but the harder it is to reach

TP1 TP2 lines at 1R 2R on an XAUUSD H4 chart
The Take Profit 1 (4564.14) and TP2 (4668.48) lines on a real XAUUSD H4 chart — they sit at 1R and 2R from the risk point (TP3 lies above the visible frame)

6 · Honesty matters most

Every Entry/SL/TP value is a per-timeframe estimate, not a number that stays valid forever — it must be used together with confluence (Fib + Elliott + Gold Meter + Dashboard) before you decide to enter

  1. Look — at the Entry/SL/TP that Redhat has drawn
  2. Check — whether the confluence is ready
  3. Then enter — Entry/SL/TP are estimates, not a 100-percent forecast
"Entry/SL/TP are estimates — use them together with confluence"

This chapter in one line

Entry = the close of the reversal candle, SL = fixed ATR×1.5, TP = 1R/2R/3R, Auto-Detect is dead code — all of it is an estimate, to be used with confluence