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
Nice strategy and love to follow. In Forex trading good strategy is very important for making profit. Thanks for sharing
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