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iStoch Price Action Trend Channel Trading Strategy


iStoch Price Action Trend Channel Trading Strategy is a very simple high accuracy trend momentum system. The system is based on three indicators (trend, momentum and price action).

  • Time Frame: M15 or higher
  • Currency Pairs: GBPUSD, EURUSD, USDJPY, and all Major Pairs

 

MetaTrader Trading Indicators
  • iStochTXT
  • enLight Channel Draw
  • enLight LR Channel Draw
  • Trader Wawasan TE
  • Essam
  • BtTrendTrigger T Signal

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR


  • Channel 1 and Channel 2 in up direction
  • Essam Yellow bar > red Bar
  • Trader Wawasan blue color line
  • BtTrendTrigger bullish (yellow line above red line)

 

SELL Rules

  • Channel 1 and Channel 2 in down direction
  • Essam Yellow bar < red Bar
  • Trader Wawasan red color line
  • BtTrendTrigger bearish (yellow line below red line)

 

Trading NOTES
  • Trade only in the direction of the trend (the direction of Channel 1 and Channel 2)
  • Exit Positon
    • Initial stop loss on the previous swing
    • Predetermined Profit Target
      • 150-200 pips for H1 time frame
      • 300-400 pips for H4 time frame
      • 800-1400 pips for Daily time frame
  • Use a demo account or a small live account first to practice this trading system

DOWNLOAD TRADING SYSTEM


READ  Forex HMA Golden Finger Trend Trading system

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