MT4 Setup: 15 Minute Time Frame
- 9 EMA
- ADX ( 20 ) + level 20
- Volume
You can download the MT4 template file here - https://www.dropbox.com/s/sbj1ynvv6x...nute_trend.tpl
The Entry:
Wait for price to bounce of the 9 EMA At this stage your ADX should be above the 20 Level and also trending upwards. Wait for price to bounce off the 9 EMA in the direction of the trend and an increase in Volume. Enter Option with 1 Hour expiry ie: 4 x 15 minute candles. If you have 2 losers in a row better stop trading as the trend is not that strong. Use with some price action skill / background.
Important: Wait for the current candle to close in the direction of the trend before you place your call/put option.
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