This is very effective system it will suitable for all financial markets including Forex
Requirements:
MA 14 (Simple+ Close) default setting
Zigzag indicator from Meta trader
Trend Line
The system is suitable for small TF (15 TF is the best)
Steps:
1) Zigzag indicator (default setting) = Red
2) Moving average 14 (Simple MA , Close) = Blue
3) Trend line based on two tops or bottoms = Yellow
Entry place : after Broke the trend line (it is better to waiting till retesting before entering)
Stop lose : above the candle which was crossed (penetrated ) by MA14 (See above chart)
Take profits:
TP 1: at the last support (bottom) in case of short position or
at the last resistance (top) in case of long position
TP2: Double Stop lose(if the distance between the Entry place and stop lose was 50 pips , our second take profits must be 100 pips)
The best pairs: any pairs include EUR+JPY Like( EUR USD, EUR JPY, GBP JPY, USD JPY, CHF JPY, GBP EUR .....etc).
Good Luck
Requirements:
MA 14 (Simple+ Close) default setting
Zigzag indicator from Meta trader
Trend Line
The system is suitable for small TF (15 TF is the best)
Steps:
1) Zigzag indicator (default setting) = Red
2) Moving average 14 (Simple MA , Close) = Blue
3) Trend line based on two tops or bottoms = Yellow
Entry place : after Broke the trend line (it is better to waiting till retesting before entering)
Stop lose : above the candle which was crossed (penetrated ) by MA14 (See above chart)
Take profits:
TP 1: at the last support (bottom) in case of short position or
at the last resistance (top) in case of long position
TP2: Double Stop lose(if the distance between the Entry place and stop lose was 50 pips , our second take profits must be 100 pips)
The best pairs: any pairs include EUR+JPY Like( EUR USD, EUR JPY, GBP JPY, USD JPY, CHF JPY, GBP EUR .....etc).
Good Luck