162# Trend Signals with Power Rangers
FxBin alert filter
Signals for trading
Submit by Janus Trader
Trend Signals with Power Rangers is a simple trading system that generates trend following signals for trading. This strategy is suitable at any pairs.
The signals are filtered by Fxbin alert trend slope indicator plus a price action channel.
Time frame 15 min or higher.
Currency pairs: Majors, minors, Indicies and shares.
Metatrader Indicators:
Power rangers
Fxbinalert (21, period),
price action channel (optional)
Linear Weighted moving average 5 period, high,
Linear Weighted moving average 5 period, low.
Trading rules Trend Signals with Power Rangers
Buy
Power Ranges buy arrow.
Fxbin alert aqua color.
When there are these two conditions make a buy order (example, if we have first the arrow of Power Rangers indicator for entry wait that Fxbin alert line is aqua color).
For buy wait tha the price come back in the channel (this is optional).
Place initial stop loss on the previous swing low.
Profit targets depends by pairs and time frame, ratio pt/stop loss= 1:11.
Sell
Power Ranges sell arrow.
Fxbin alert yellow color.
When there are these two conditions make a sell order (example, if we have first the sell arrow of Power Rangers indicator for entry wait that Fxbin alert line is yellow color).
For sell wait tha the price come back in the channel (this is optional).
Profit targets depends by pairs and time frame, ratio pt/stop loss= 1:11.
In the pictures Trend Signals with Power Rangers in action.
Share your opinion, can help everyone to understand the forex strategy.
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