Trend
line Momentum Trading System is a trend line breakout strategy
confirmed by momentum indicators.
Time
Frame 15min or higher
Currency
pairs:any.
Indicators
for the template:
MACD
(12,26,9);
RSI
(5 period);
Trend
line Indicator Kill with comment.( It's the same if you draw manually
the trend line)
Rules
Trendline Momentum Trading System
The
signal is generate when the candle break the trendline.
Buy
- Trendline Break -up confirmed by candle close above the trend line;
- RSI (5) above zero level;
- MACDhistogram above zero level;
Sell
- Trendline Break -down confirmed by candle close below the trend line;
- RSI (5) below zero level;
- MACD histogram below zero level;
Exit Position
Stop loss on the previous swing High or Low.
Stop loss on the previous swing High or Low.
Profit
Target ratio stop loss 1:15 or use the indications (comment) of
profit on the up left corner of Trend line Kill indicator.
How draw trend line, see this link.
How draw trend line, see this link.
Below
the link for download the MT4 template and indicators of Trendline
Momentum Trading System
https://drive.google.com/file/d/0Bwjv2Pbf48itc2FFTmowb3h2NjQ/view?usp=sharing
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