Trade the slope system
Forex Strategy Trade the slope system
Forex Strategy Trade the slope system something like strategy "3 ducks" , suitable for trading the major currency pairs: eurusd, gbpusd, usdchf, usdjpy; to enter the market using Forex Indicator slope direction line on the 4 screens: M5, M15, M30, H1.
Terms of Business:
Open 4 screen, as shown below: M5, M15, M30, H1 and find the moment when the indicator is painted the same color on all time frames. If all four screens color red - conclude a deal to sell if the blue - for the purchase of .
(for larger image, click on it - will open in new window)
Wait for closing the candle, which changed color and became the same on 4 screens, and then only bargain!
After the opening of trading positions set the take profit at 40 pips from the entry and safety stop-loss at a distance of 35 pips (for EURUSD, for other currency pairs - the parameters may differ ).
Just stop-loss can be set at the nearest local minimum or maximum, if this value is less than 35 points.
Close position if it follows the same color of the indicator at one of the screens has changed its color.
To protect profit recommend using a trailing stop (see for yourself the value, depending on the currency pair and interval).
Supplement : this strategy can also be used for other consecutive time intervals, such as: M30, H1, H4, D1. Accordingly, for these intervals, and stop-losses and profits will be different.