hi
first of all, thanks socrates by the name ^_^
I will introduce a trading system called LTS (Linear Trading Style) that I hope will be useful.
It is based on the EURUSD pair in 1-hour timeframe in the linear chart.
It is a very simple system that throughout the day we usually take between 1 and 4 or 5 entries.
i trade between 9 and 19 GTM + 1
the rules to buy are:
.- Look at the pair and search the last two peaks higher in the chart. If the last peak is lower than the previous one, we draw a trend line that will be downward.
.- With the trendline drawn, we wait until the current bar close above the trendline.
.- if the bar close up of the trendline and there're not others peaks ,then at the beginning of the next bar we opened a buy position with a TP of +20 pips. if at the end of the current hour (bar) we do not take TP, close the trade manually
for sell orders is the same but in reverse
you can see one example in the picture I've attached.
Also you can follow my journal of this system Journal
first of all, thanks socrates by the name ^_^
I will introduce a trading system called LTS (Linear Trading Style) that I hope will be useful.
It is based on the EURUSD pair in 1-hour timeframe in the linear chart.
It is a very simple system that throughout the day we usually take between 1 and 4 or 5 entries.
i trade between 9 and 19 GTM + 1
the rules to buy are:
.- Look at the pair and search the last two peaks higher in the chart. If the last peak is lower than the previous one, we draw a trend line that will be downward.
.- With the trendline drawn, we wait until the current bar close above the trendline.
.- if the bar close up of the trendline and there're not others peaks ,then at the beginning of the next bar we opened a buy position with a TP of +20 pips. if at the end of the current hour (bar) we do not take TP, close the trade manually
for sell orders is the same but in reverse
you can see one example in the picture I've attached.
Also you can follow my journal of this system Journal