Forex Strategist SR (Support Resistance) System is a trading strategy based on the Dynamic Key Support and Resistance indicator.
This system is not holy grail but help you at the gain pips easily.
- Time Frame: 15 min or higher
- Financial Markets: any
- Forex Strategist SR /Support and resistance dynamics with this setting:
- Main RZZ=30
- ATR Channel, trading system with arrow
- JIM V5 Stochastic (15, 10, 10) with moving average 5 period
- Swing ZZ
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- Use a demo account or a small live account first to practice this trading system
- When it forms a support line (Forex strategist SR indicator) wait a BUY arrow, confirmed by JMO that crosses upward and by the choppy indicator that is not flat
- When it forms a resistance line (Forex strategist SR indicator) wait a SELL arrow, confirmed by JMO that crosses downward and by the choppy indicator that is not flat.
- Exit position is discretionary
- But as profit target, recommended, ratio 2:1 or 3:1 stop loss