Simple trading system | Foreign exchange EA download - MT4/MT5 resources
I will be posting my trading system and its results starting tomorrow.
The rules are simple.
1. Observe whether the hourly bar is higher than the previous bar.
2. Now look for the 5 minute retracement line.
3. Enter the callback of the 5-minute bar.
4. The intention is to try to break through again.
5. If the breakout is successful, start a trailing stop trade.
6. If a breakout attempt fails to make a new high. it's over.
7. If the 5 x 9 EMA crosses again after trade entry and I am in a profitable position, keep the stop loss above breakeven.
Trend detection:
5 EMA>9 EMA>20 EMA on the 5 minute bar = long and strong
5 EMA <9 EMA >20 EMA. The market is divided. No new entries. Want to exit the current one.
5EMA < 9EMA < 20EMA. Tanka.
The rules are simple.
1. Observe whether the hourly bar is higher than the previous bar.
2. Now look for the 5 minute retracement line.
3. Enter the callback of the 5-minute bar.
4. The intention is to try to break through again.
5. If the breakout is successful, start a trailing stop trade.
6. If a breakout attempt fails to make a new high. it's over.
7. If the 5 x 9 EMA crosses again after trade entry and I am in a profitable position, keep the stop loss above breakeven.
Trend detection:
5 EMA>9 EMA>20 EMA on the 5 minute bar = long and strong
5 EMA <9 EMA >20 EMA. The market is divided. No new entries. Want to exit the current one.
5EMA < 9EMA < 20EMA. Tanka.
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