Heral System | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
Hello everyone. I'm going to show you this system based on PA and reverse trend lines (what?)
I'm only talking about buy setups, sell is the same but opposite.
So, first I place a trend line between bar 1 and bar 2 (bar 0 is the current bar)
high 1 must be lower than high 2 and the difference between high 1 and high 2 must be greater than the spread (Figure 1)
Second, raise the buy stop to the difference between the highest point 2 + the trend line. I draw another trendline in the opposite direction of the first trendline, with the midpoint being where I place my order.
Take profit is the difference between the first trend line and the low of the stop bar high 2.
That's all. Please forgive my poor English, it's not my native language.
I'm only talking about buy setups, sell is the same but opposite.
So, first I place a trend line between bar 1 and bar 2 (bar 0 is the current bar)
high 1 must be lower than high 2 and the difference between high 1 and high 2 must be greater than the spread (Figure 1)
Second, raise the buy stop to the difference between the highest point 2 + the trend line. I draw another trendline in the opposite direction of the first trendline, with the midpoint being where I place my order.
Take profit is the difference between the first trend line and the low of the stop bar high 2.
That's all. Please forgive my poor English, it's not my native language.
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