KISS my Triangle | Foreign exchange EA download - MT4/MT5 resources
English is not my native language, sorry for any grammatical errors
I've been here for over a year and have been finding and testing many strategies from other members. (Thanks!)
Now I want you to show:
Kiss – Keep It Simple Stupid
my
Triangles - because most of the time we are looking for them.
Please don't ask me about win rates, %, and money. Open your chart and try it out!
We need: China Chamber of Commerce (14) , Relative Strength Index (8) and trend line .
Now I explain to you how to make a trend line:
When CCI is above 0 and RSI is above 50, a vertical line is placed here, and when CCI is above 0 and RSI is above 50 again, a second vertical line is placed here. Now you can connect the dots. The same goes for the opposite -50 and below 0.
Like my explanation, make it the most "mechanical".
Here, be careful when RSI/CCI jumps in a small consolidation, you have to watch when it forms a new LL, HL or something like 1, 2, 3.
I draw trend lines on spikes, not on closing candles.
First, you can use a risk ratio of 1:1. Stop loss on the last swing or/and when you get a triangle, place your stop loss on the trend line and take the trade.
We can only trade if the trendline breaks or if a triangle appears (I think the second position is better).
Below I show you 2 entries from my morning.
























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