Applying Buy/Sell Signals, Target, and Stop Loss Levels with Ultra Signal – XPro: Detailed Settings

Once you have added the Ultra Signal – XPro indicator to your chart, follow these steps to configure and customize the Buy/Sell signals and Target/Stop Loss levels:

Step 1: Configuring Buy/Sell Signals

1. Open Indicator Settings:
   • Click on the Settings icon (⚙️) next to the indicator name at the top of your chart.
   • This will open the settings panel where you can configure various features of Ultra Signal – XPro.
2. Enable Buy/Sell Signals:
   • Navigate to the Signals tab in the settings panel.
   • Look for the option labeled “Show Buy/Sell Signals” or similar.
   • Enable this option. Once enabled, you will see Buy and Sell markers plotted directly on the chart at appropriate signal points based on the strategy applied by the indicator.
3. Adjust Signal Strength:
   • In the same Signals tab, you can customize the signal strength based on your trading strategy:
     • Fast: Ideal for scalping.
     • Medium: Suitable for swing trading.
     • Slow: Best for long-term holding.
   • Select the strength based on your trading style. A faster signal will generate more frequent buy/sell points, while a slower signal will filter out noise for long-term trades.

Step 2: Setting Target (Take Profit) and Stop Loss Levels

1. Activate Stop Loss and Take Profit (SL/TP) Settings:
   • In the Signals tab, enable the SLTP (Stop Loss and Take Profit) feature.
   • This will automatically calculate Stop Loss and Take Profit levels for each trade based on the risk/reward ratio you set.
2. Choose Your Risk/Reward Ratio:
   • In the Signals settings, look for the Risk-Reward ratio options.
   • You can choose between different ratios, such as:
     • 1:3 (higher risk/reward ratio, useful for swing trades).
     • 1:4 or 1:5 (suitable for long-term trades with higher rewards).
   • Selecting one of these will define how far your Stop Loss and Take Profit levels will be from your entry point.
3. Display SL/TP on the Chart:
   • Enable the Show SL/TP Table option.
   • This will show a table on the chart that displays the Stop Loss, Take Profit levels, and the entry price for the current trade.
   • The table will update dynamically as new signals are generated.
4. Customize Additional Target Levels:
   • You can configure up to 6 target levels for taking partial profits at various points.
   • Go to Additional Targets in the Signals tab and enable or disable the additional target levels as per your strategy. The system will display these TP levels visually on the chart as price approaches them.

Step 3: Alerts for Buy/Sell, SL/TP Levels

1. Enable Alerts:
   • Ultra Signal – XPro allows you to set up alerts for Buy/Sell signals as well as for hitting Stop Loss or Take Profit levels.
   • To enable alerts:
     • Go to Alerts on TradingView (top bar).
     • Set a new alert, and under Conditions, select Ultra Signal – XPro.
     • Choose the condition for which you want to receive alerts (e.g., Buy Signal, Sell Signal, TP1 reached, etc.).
2. Customizing Alert Messages:
   • You can customize the alert messages, such as notifying you when a Buy or Sell signal is triggered with the entry price, Stop Loss, and Target levels.

Step 4: Combining with Other Features

• Demand and Supply Zones: Enable this feature in the Demand/Supply Zones tab to help confirm Buy/Sell signals by ensuring that trades are executed near these critical zones.
• EMA and Cloud EMA: Use the EMA (Exponential Moving Average) to validate the trend direction before taking trades.
• Trend Screener: Check the trend across multiple timeframes (e.g., 1m, 5m, 15m, 1h) to ensure the signal aligns with the overall market direction.

Example Settings for Swing Trading:

1. Signal Strength: Medium
2. Risk/Reward Ratio: 1:4
3. SL/TP Table: Enabled (with 3 targets)
4. Alerts: Set for Buy/Sell signals and when TP1/SL is reached.

By following these steps, you can fully customize Ultra Signal – XPro to generate Buy/Sell signals with automated Stop Loss and Take Profit levels, helping you manage trades more effectively. This setup allows for a more strategic approach to trading by reducing manual intervention and improving decision-making.