One line to rule them all (OLTRTA)

I've wanted to share this trading strategy for a while, so let's get started now.

After reading a few posts from veteran member Peter Crowns and CrucialPoint, I came to realize that the daily open line is the line that rules them all.

We only look for buy setups if the price is above the daily open line, and we look for sell setups if the price is below the daily open line.

But even if you are a monkey, you know that you cannot blindly buy/sell when the price is above/below the daily opening line. You need some extra confirmations/lines/points...I use daily pivot points.

So, we buy/sell when price moves away from the daily pivots, then returns (retraces) to one of the daily pivots and price rebounds again in the direction of the daily trend.

The thick white line is the daily opening line, the yellow is the daily PP line, and the green/red is the daily support/resistance line.



You can perform visual backtesting if you wish, and if you have the required eye for this strategy you will discover this setup every day. If you read this far, then you know there is no magic arrow that can tell you when to enter or exit, so don't ask me about when to enter and exit or about R:R as that is based on price action . You need hundreds to thousands of hours of price action and charts to understand how the market moves.

All trolls will be removed from the thread, for those who object to this strategy please explain yourself, provide evidence or you will be removed too.

To anyone else who uses it in any way or implements it in their own trading way, enjoy.

Indicators, settings files, templates:

For visual backtesting:

and set all pivot points, display mode: historical

cheers.