708# Dragon Fire
PTL professional indicator
Submit by Natana 15/09/2016
Dragon Fire is a trend following system for swing trading based on PLT indicator filtered by I-gentor LSMA. This template is very clear, so the trading decisions are simple and immediate without confusion that can result from the use of many indicators (this is my personal opinion).
Time Frame 30 min or higher.
Forex Markets: any.
PLT (period 3, 7) This indicator is also multitime frame, you can use with next time frame (for example if time frame is 30 setting the indicator 60 min but this is optional);
I-Gentor LSMA&EMA (34,25, 3).
Trading rules Dragon Fire
PLT Green Dot confirmed by I-Gentor LSMA&EMA green line and blue line.
PLT Red Dot confirmed by I-Gentor LSMA&EMA red line and yellow line.
A good way to use this template, is to use the PLT indicator in multi time frames as previously indicated.
Exit at the oppsite dot or with time frame predetermided with ratio 1.1 stop loss.
Place stop loss below /above red line of PLT Indicator.
In the pictures Dragon Fire in action.