Forex Strategy Trend Lines – elementary trading system, which just struck me profitability(see the report at the end of the forex strategy, although it is not the final), it uses only arebound from the trend line , built for 2-3 time frames and the same rules of entry into the market and coming out of it and nothing else!
Although the strategy is somewhat similar to the strategy of forex «Trand Lines» , but still I could not help her to not publish, because author easily increased his score to the sum of more than 330 000 $ for a very short period of time – about 2 months for this trading strategy (10 to) …
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For trade I recommended to select DC forex with Metatrader 4
This forex trading strategy is suitable for any currency pair and almost any time frame , but it is advisable to use a higher interval M5. Although the author without any obstacles to trade and M1 ranges. But it recommends that still look closely to larger intervals becausethem and profits are much more time in front of the monitor and you will also spend less.Also do not forget that in the interval M1 profits can be 5-10 points, and thus the spread of 3-4 points, just not quite rationally!
So, suppose we have chosen to trade the currency pair EURUSD, M15 range. Therefore, we must first determine where the trend is aimed at 2 intervals above our selected, ie, M30, H1. And at the same time to make deals, we will only in the direction of the trend !!!
Those. if the line for 2 + in our traded timeframe (M15) directed upwards, then we will buy at the approach to the data lines , but not on the limits and deferred orders the Buy the Stop , which are set up 5 points, than the spark of contact with this line – “candle lights out!”
Accordingly, in the direction of these lines down, we will sell at a price approach to the data lines from the bottom up deferred orders the Stop the Sell , which are installed below the candles, soprikosayuscheysya with trend lines pointing downwards!
Stop-loss at the same time we will put on 5 points below the “baffle candles” in transactions for the purchase, and 5 points above the “baffle candles” for transactions on sale.
Take-profit set for the next local maximum (5-10 pips below) for transactions for the purchase and the nearest local
Forex Strategy Trend Lines