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Dlc Method (big Surprise) - MT4/MT5 Resources

author EAcpu | 3 reads | 0 comments |
Hello everyone,
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

  1. 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

  1. 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

 

  1. 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.

gbpusd daily chart.gifgbpusd daily chart2.gifgbpjpy daily chart dlcmethod1.gifgbpjpy daily chart1 dlcmethod2.gif
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gbpusd daily chart.gifgbpusd daily chart2.gifgbpjpy daily chart dlcmethod1.gifgbpjpy daily chart1 dlcmethod2.gif
gbpusd daily chart.gifgbpusd daily chart2.gifgbpjpy daily chart dlcmethod1.gifgbpjpy daily chart1 dlcmethod2.gif
gbpusd daily chart.gifgbpusd daily chart2.gifgbpjpy daily chart dlcmethod1.gifgbpjpy daily chart1 dlcmethod2.gif
gbpusd daily chart.gifgbpusd daily chart2.gifgbpjpy daily chart dlcmethod1.gifgbpjpy daily chart1 dlcmethod2.gif

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