Trend line Momentum Trading System

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
  1. Trendline Break -up confirmed by candle close above the trend line;
  2. RSI (5) above zero level;
  3. MACDhistogram above zero level;
Sell
  1. Trendline Break -down confirmed by candle close below the trend line;
  2. RSI (5) below zero level;
  3. MACD histogram below zero level;
Exit Position
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.

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

Post a Comment

أحدث أقدم