Trendline breakout trading is a
price action classic strategy based on the breakout.
Time Frame: any.
Currency pairs:any.
Trading rules
Step 1-Find the trend. Place a trend
line.
Step 2- Anticipate a downwards trend or
a upwards trend with the find of a candlestic reversal pattern.
Step 3 – wacth for price action to
break through the trendline on new downwards trend or a upwards
trend.
Step 4 – Enter a Sell/Buy order after
price action break through the trendline.
For exit ratio 1.5 stop loss. Initial
stop loss on the previous swing high/low. Exit also with candlestick
reversal pattern.
Example trades h1 time frame
Example trades on 4H TF.
In attach into below link tools for this strategy for
that uses metatrader 4 platform,
Candlestick pattern recognition master
(indicator Pattern recognition indicator
Updated pattern formulas by Carl
Sanders to match candle formulas used by RET, Refined Elliottician
Trader) Trendline indicators:
https://drive.google.com/drive/folders/0Bwjv2Pbf48itZFl1dTJTNFo0eWc?usp=sharing
Post a Comment