Forex Strategy Trade the slope system is somewhat similar to the strategy of "3 ducks", suitable for trade major currency pairs: eurusd, gbpusd, usdchf, usdjpy; to enter the market using forex indicator slope direction line on 4 screens: M5, M15, M30, H1.
Terms of Business:
4 Open the screen, as shown below: M5, M15, M30, H1, and find the time, as soon as the indicator is painted in the same color on all time frames. If all 4 screens color red - conclude a deal to sell when the blue - on a purchase.
(For larger picture, click on it - opens in new window)
Wait until the close of the candle, which changed color and became the same on 4 screens, and then only enclose a deal!
After the opening of trading positions set take profit at 40 pips from the entrance and a safety stop-loss at 35 pips (for EURUSD, for other currency pairs - the parameters may be different).
Just stop loss can be set at the nearest local minimum or maximum, if this value is less than 35 points.
Close position as follows if the color display on one of the screens changed its color.
To protect profit recommend using trailing stop (see for yourself the value, depending on the currency pair and interval).
Update: this strategy can also be used in other consistent time intervals, for example: M30, H1, H4, D1. Accordingly, for these intervals and stop-losses and the profits will be different.
