TrendSignal GOLD999B Trading System is a “trend following” strategy. The “TrendSignal” is an arrow indicator that it calculates a number of bars on charts and then based on histogram it draws an arrow which is again confirmed when next opening bar price its high in case of BUY arrow or low in case of SELL signal, when both these conditions are satisfied it draws an arrow.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: H1 or higher
- Currency Pairs: Majors Pairs
MetaTrader Trading Indicators
- Trendsignal
- Vortex Indicator
- GOLD999B
BUY Rules
- Trendsignal BUY arrow
- Vortex indicator black line > level 1.05
- Price Break through the GOLD99B “resistance” line
SELL Rules
- Trendsignal SELL arrow
- Vortex indicator black line < level 0.95
- Price Break through the GOLD99B “support” line
Trading NOTES
- Exit position with fast profit or ratio stop loss 1:1
- Examples: EUR/USD 4H time frame 30 pips, GBP/USD 40 pips, AUD/USD 30 pips, USD/CHF 30 pips
- Initial stop loss on the previous high/low swing