Dreamliners' MPAS (Mechanical Price Action Strategy)

1. One hundred percent mechanical, no need for caution. All traders should get the same results (except for quotes from different brokers, timeframes, etc.)
2. Price Action Only (Naked Trading) – Range Bars Only. No lagging indicators are used.
3. Range bars used (time element removed, only price shown).
4. Succeed in both trending and range-bound markets.
5. On the trend side, the risk to reward ratio is 2-1 (minus the spread) and the range is better.
6. Only tested for GBP/USD, but as it is based on price action it will work for any currency pair.
7. Alert system is used to notify when to place a trade.
8. Once a deal is set, it's forgotten.
9. Alert system for notification of trading results.
10. Trading can be conducted at any time and during any period.

See the next article for the release of rules and actual trading systems on this topic.