System rules
1. Trend direction
First look at the Daily chart to see weather there is a clear up or down trend, ignore pairs that are ranging.
2. Trade signals
- Look for signals on the 30 minute chart
- Only take trends in the direction of the Daily chart, ie if the EUR/USD is clearly bearish on the Daily chart, only take short trades on the 30 minute time frame
- Only take the trade if there is a bounce off a key support/resistance level and/or a bounce off a round number for example. 1.2700 or 1.3800
- Optional - Look for a 1-2-3 pattern
3. Trigger
Enter on the 5 minute time frame.
Stop loss: above round rumber/resistance if going short or below round number/support if going long on 30 minute time frame.
Attached File(s)
Heiken Ashi MTF.tpl
2 KB
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1,556 downloads
Heiken_Ashi_Ma_T3-1.ex4
9 KB
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1,444 downloads
Heiken_Ashi_Ma_T3-1.mq4
7 KB
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1,719 downloads
Round numbers.mq4
4 KB
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1,361 downloads