652# Forex Treasure Map
Day trading strategy
Trend following strategy with MT4
Submit by Marc
Forex Treasure Map is a sistem of filter for day trading (work only 5 min chart). This Trading system is composed by an arrow e four filter. When there is a arrow is confirmed when all four the filter are agrre with arrow. The strategy is trend following but the strategy is trend following but the profit can be taken on the pivot levels. The strategy is trend following but the profit can be taken on the pivot levels. Being the trend following strategy the profitability by definition tends to be less than 50%, but the filter system and the outputs on pivot levels help to improve profitability.
Time frame 5 min.
Currency pairs: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, GOLD, EUR/AUD, EUR/NZD, EUR/GBP.
Trading Sessions: London and New York.
Metatrader 4 Indicators:
Zwinner trend Indicator default setting
Pivot Poins Levels
Trading rules Forex Treasure Map
Aizig buy arrow.
Confirmation 2 blue bar.
Confirmation 3 blue bars.
Zwinner trend blue bar.
Aizig sell arrow.
Confirmation 2 red bar.
Confirmation 3 red bars.
Zwinner trend indicator red bar.
Place initial stop loss on the previous swing high/low.
Profit target on pivot points levels or ratio stop loss 1:1.18
In the pictures Forex Treasure Map in action.
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