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EUR 15M BOL Retracement system

author EAcpu | 2 reads | 0 comments |
Guys,
The system is fairly simple to set up.

1) 15M EU chart.
2) BOL is set to 20.
3) Rattlesnake as indicator
4) Woody CCI: Entry 6, Trend 14.
5) Stoch RSI (14,10,3)

Basic Rules Sell Entry Rules,
1) When the price breaks through the upper limit of BOL and BAR goes up BAR.
2) The positive BAR for Woody Trend 14 must not exceed 6.
3) The side winder turns red (this is not very important but just for safer filtering, I usually don't use it)
4) Storch RSI > 90 (sell signal), <10 (buy signal)
Exit sell rule
1) SL 200 points (hardly affected by this rule)
2) If the BAR has no profit within the BAR, exit.
3) 15 pip trailing stop to protect your profits.

If possible, always set your stop to BE and let the trailing stop do the rest.

Check out the sample setup screen.

We enter the first 2 transactions but not the 3rd transaction which does not comply with CCI rules.

Happy hunting...
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BOL_system.JPGBOL_system_ready.JPGBOL_system_1.JPG
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BOL_system.JPGBOL_system_ready.JPGBOL_system_1.JPG
BOL_system.JPGBOL_system_ready.JPGBOL_system_1.JPG
BOL_system.JPGBOL_system_ready.JPGBOL_system_1.JPG
BOL_system.JPGBOL_system_ready.JPGBOL_system_1.JPG

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