Dlc Method (big Surprise) - MT4/MT5 Resources
I have been a member of Forex Factory for several months. I was inspired by some traders' methods to build this. The principle is very simple. Criticisms and corrections are welcome!
Indicators: Trigger Line (TL), Momentum Oscillator (AO), Acceleration Oscillator (AC)
Candlesticks: D1, H4 and H1
When TL is blue and AO and AC are green.
When TL is red and AO and AC are red.
Order quantity: 5 orders
I refer to HR (reversal high) as the last high of price before a trend reversal, and LR (reversal low) as the last low of price before a trend reversal.
Stop Loss (SL) = LR for long entry
Stop Loss (SL) = Short Entry HR
Target depends on time frame and currency pair
- GBP/USD (daily chart)
Pay the bill
- 1st order: SL=LR, target=50
- Second level: SL=LR, target=100
- Third level: SL=LR, target=150
- Level 4: SL=LR, target=200
- Level 5: SL=LR, target=200
sell order
- 1st order: SL=HR, target=50
- Second level: SL=HR, target=100
- Third level: SL=HR, target=150
- Level 4: SL=HR, target=200
- Level 5: SL=HR, target=200
- GBP/USD (H4 Chart)
Pay the bill
- 1st order: SL=LR, target=50
- Second level: SL=LR, target=100
- Third level: SL=LR, target=100
- Level 4: SL=LR, target=150
- Level 5: SL=LR, target=150
Buy this is the same target SL=HR
- GBP/USD (first half chart)
Pay the bill
- 1st order: SL=LR, target=30
- Second level: SL=LR, target=60
- Third level: SL=LR, target=60
- Level 4: SL=LR, target=90
- Level 5: SL=LR, target=90
Buy orders have the same target and SL= HR
I'm using GBP/USD as an example, I will post results for other pairs soon.
This is how to manage your stop loss.
GBP/USD (H4 chart)
This is how to manage your stop loss if the buy order is normal. The same goes for other currency pairs, GBP/USD being just one example.
If the first order is OK! (T1 = reaches 50pips), move the stop loss up by 50pips. The new SL is:
SL= LR+50.
If there is no problem with the second order, move the stop loss up by 100 points. So SL=LR+50+100.
Did you catch me?
Brilliantly.
























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