This is a REVERSAL TRADING SYSTEM that uses Cap Channel Indicator's Upper and Lower band to define trend exhausion. The System has Heiken Ashi Candles named as APB Candles which prints Buy and Sell Signals.
Pair to Trade: XAUUSD
Timeframe: 1 minute & 15 minute. I prefer 15 minute.
We let the price to cross the upper or lower band of cap channel indicator. Once price does this, the band will turn from yellow to green (see images). We then wait for APB candles to turn opposite color and print Signal 1 & Signal 2 (see images). Following are the Strict Rules to place Trade.
BUY RULES
1. Price croses Cap Channel Indicator's LOWER BAND AND lower Band Prints Green Signal
2. APB candle turns LIME/BULLISH and exactly below that candle prints WHITE CIRCLE WITH DOT IN THE MIDDLE (Signal 1)
3. Another smaller WHITE DOT (Signal 2) Prints in the same candle or in the next 5 candles. But there MUST NOT be any bearish Candle between Signal 1 & Signal 2.
4. Take Profit will be the MIDDLE BAND (1 minute) OPPOSITE BAND (15 minute) OF Cap Channel Indicator.
5. Stop Loss will be placed below the WHITE CIRCLE WITH DOT IN THE MIDDLE (Signal 1)
6. DO NOT Place order if Take Profit distance is Lower than Stop Loss distance.
7. DO NOT Trade during HIGH IMPACT NEWS EVENT (close open trades 5 minutes before News Event and Do not trade first 30 minutes of that News).
Other inputs
Slippage Control
Allowed Spread
Indicator Explanation in brief: This indicators you see on the chart are developed by GUPPY and based on 3,9,21,51 SMA. IT uses those SMAs to print Signal 1 and Signal 2.
Feel free to ask questions. 
Indicators and templates: https://www.forexfactory.com/thread/...0#post14966130
CAP Channel not working? See this post: https://www.forexfactory.com/thread/...3#post14969423
Price action mechanics: https://www.forexfactory.com/thread/...2#post14969142
Pair to Trade: XAUUSD
Timeframe: 1 minute & 15 minute. I prefer 15 minute.
We let the price to cross the upper or lower band of cap channel indicator. Once price does this, the band will turn from yellow to green (see images). We then wait for APB candles to turn opposite color and print Signal 1 & Signal 2 (see images). Following are the Strict Rules to place Trade.
BUY RULES
1. Price croses Cap Channel Indicator's LOWER BAND AND lower Band Prints Green Signal
2. APB candle turns LIME/BULLISH and exactly below that candle prints WHITE CIRCLE WITH DOT IN THE MIDDLE (Signal 1)
3. Another smaller WHITE DOT (Signal 2) Prints in the same candle or in the next 5 candles. But there MUST NOT be any bearish Candle between Signal 1 & Signal 2.
4. Take Profit will be the MIDDLE BAND (1 minute) OPPOSITE BAND (15 minute) OF Cap Channel Indicator.
5. Stop Loss will be placed below the WHITE CIRCLE WITH DOT IN THE MIDDLE (Signal 1)
6. DO NOT Place order if Take Profit distance is Lower than Stop Loss distance.
7. DO NOT Trade during HIGH IMPACT NEWS EVENT (close open trades 5 minutes before News Event and Do not trade first 30 minutes of that News).
Other inputs
Slippage Control
Allowed Spread
Indicator Explanation in brief: This indicators you see on the chart are developed by GUPPY and based on 3,9,21,51 SMA. IT uses those SMAs to print Signal 1 and Signal 2.
Feel free to ask questions.
Indicators and templates: https://www.forexfactory.com/thread/...0#post14966130
CAP Channel not working? See this post: https://www.forexfactory.com/thread/...3#post14969423
Price action mechanics: https://www.forexfactory.com/thread/...2#post14969142
