Follow the money...

Hi,

Ok I have a very simple system, this can be EA'd very easily (I know ppl don't like EA's, but this is a nice and simple system to trade with).


Chart Setup:
1. Spaced lines every 10 pips
2. 1 min chart EUR/USD... (I have not traded this on anything else before you ask).

Example Chart:

Sell
1. (First Down Arrow) Price has to have broken yellow line (1 min bar close below this area), in this case we are at 1.33600 and providing we do not break 1.33700, we are in a sell area and anything BULL bar that closes between 1.33700 and 1.33600, we sell - STOPLOSS HIGH of BULL bar - SELL AREA (1.33600).

Close all SELLS if not STOPPED OUT

Buy
2. (First Up Arrow) Price has now broken 1.33700 (1 min bar close above this area), and providing we do not break below (1.33600), we keep buying any BEAR bar that closes between 1.33700 and 1.33600 - STOPLOSS BUY AREA (1.33700) - LOW of BEAR bar .

If price breaks above 1.33800, this becomes are new buy area and we continue to buy BULL bars that close between 1.33800 and 1.33700, if 1 min bar closes below 1.33700... we close BUYS and SELL AREA becomes 1.33700 and so on... so we keep shifting buy and sell areas.

Take Profit... whenever you like... otherwise I think when you are up 2% and then tomorrow wash and rinse.

Regards,
Vip

Look at this chart...

The circled area... failed sell area... though look at the BLUE box areas, you keep stacking buys... remember with good MM you could wipe out the loosers with winning trades.

There is another concept that I would like to apply to this MM tool... but will explain it later on, the key is keep stacking to the winning trades and they will wipe out losing ones.

Regards,
Vip

Look at this area...

We know that 2 trades may survive, each BEAR bar closes, down arrow, we buy, SL would be 3/4pips... then this moved 12 pips... in our favour... and before this trade, we would have some trades already stacked in our position (from previous charts post 1 and 2).

can you describe more detail about Spaced lines indicator ?

thanks

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Flags and pennants

I also want to know more about Spaced lines indicator. I am not getting properly from chart shared.