High accuracy “MA Flag and Pennant Patterns Price Action Trading Strategy” – Flag and Pennant Patterns trading is one of those strategies out there that just simply works.
- DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
- Use a demo account or a small live account first to practice this trading system
These Flag and Pennant patterns are seen as the market potentially just taking a “breather” after a big move before continuing its primary trend.
- Time Frame: M15, H4, and D1
- Currency Pairs: Any
- Moving Average
- WPR
- Download TraderVersity.Com-FlagPennantPatternsSystem (Zip File)
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators /
- Copy the “TraderVersity.Com-FlagPennantPatternsSystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex system
- Right click on your trading chart and hover on “Template”
- Move right to select TraderVersity.Com-FlagPennantPatternsSystem
- You will see “Forex MA Flag and Pennant Patterns Price Action Trading System” is available on your Chart
- Price should be above the EMAs
- Moving Average: The EMAs should be stacked in the following order:
- 14 EMA: top
- 50 EMA: middle
- 200 EMA: bottom
- Wait for price to retrace between the 14 & 50 EMA
- A flag or pennant pattern should be identifiable
- Wait for the close of the candle which breaks out of the resistance line
- Enter a BUY market order at the close of the breakout candle
- WPR: Above the level -45 line
- Price should be below the EMAs
- Moving Average: The EMAs should be stacked in the following order:
- 200 EMA: top
- 50 EMA: middle
- 14 EMA: bottom
- Wait for price to retrace between the 14 & 50 EMA
- A flag or pennant pattern should be identifiable
- Wait for the close of the candle which breaks out of the support line
- Enter a SELL market order at the close of the breakout candle
- WPR: Below the level -55 line
I noticed these Flag and Pennant patterns works only when the market is calm, but you can lose a lot
- during increased volatility and
- during the Asian session as there are a lot of false breakouts.
The ideal time periods for these instruments are 15min and 4 hours. As for the 4-H time frame, the flag appears very rarely but the profit is huge! But if you use 15-min, you can trade 2-3 times a day. It is nice too.
where is download link???
i could not find link