Slope Direction Line Intraday Trend Trading with Support and Resistance

Traderversity May 23, 2018 FREE DOWNLOAD MT4 Trading Systems, Premium Systems Leave a comment 925 Views

High accuracy Slope Direction Line Intraday Trend Trading with Support and Resistance. This is an intraday system trend following with price action analysis.

Trading NOTES

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Use a demo account or a small live account first to practice this trading system

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Time Frame: M15, M30 and H1
Financial Markets: Majors Pairs (EUR/USD, GBP/USD, AUD/USD, NZD/USD, AUD/JPY, USD/CHF, USD/JPY, USD/CAD, and Index (S&P 500, Dow Jones, DAX, FTSE)

MetaTrader Trading Indicators

DED
5 Day BreakOut
Z ProfitPair
ATR Projections
News Cal
Babon Slope (Slope Direction Line)
TTL
CCI Zero
Market Truth

BUY Rules

Price closed above the Babon Slope
The Babon Slope (Slope Direction Line) blue color
DED aqua color
TTL blue color bars
Market Truth indicator Mode BUY

SELL Rules

Price closed below the Babon Slope
The Babon Slope (Slope Direction Line) red color
DED red color
TTL red color bars
Market Truth indicator Mode SELL

Trading NOTES

Trade only in the direction of the trend with the indicator of price action and trend in the same direction
Exit position at the level support and resistance or predetermined profit target
Initial stop loss on the previous swing high/low

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