Candle in channe,l this system is
incredibly easy, but trades don’t occur too often.
Using this system on the 4-hour and
Daily charts is advised.
The system uses:
6ema (of price highs)
6ema (of price lows)
50ema (of price closes)
We BUY when price is ABOVE the 50ema, a
candle forms INSIDE the
6ema-channel, and price breaks the HIGH
of this small candle:
We SELL when price is BELOW the 50ema,
a candle forms INSIDE the
6ema-channel, and price breaks the LOW
of this small candle:
 |
| Candle in channel |
Exit position
Daily time frame
Set the stop loss level 30 pips
below/above the entry the price, or below/above the previous
low/high. Move the stop to the entry price (breakeven) at 35 pips
profit.
Exit the trade at a profit of 50 pips
or more.
4h time frame
Set the stop loss level 25 pips
below/above the entry the price, or below/above the previous
low/high. Move the stop to the entry price (breakeven) at 20 pips
profit.
Exit the trade at a profit of 30 pips
or more.
إرسال تعليق