460# Alchemy Trading System
Alchemy New Gold Drem by Xard777
Submit by joy22
Alchemy is a trading system intraday trend following written by Xard777. the key to this trading system is the search direction of the day as a filter.
Time Frame H1,
Markets: Forex, Commodities.
MT4 Currency Gold,
MT4 Daily Targets,
White line is the priceline.
Gold line is the brekline.
Dodgerblue/Deep Pink is the Cycle line.
Blue Crimson is the trend line.
Golden Gunsight is the hig channel determinant.
Trade Signal is given the Price line crossing the Cycle line and confirmed by the candles turning blue or red.
Watch the color of the trafficlight ring as it shows which direction the pricelline is in relation to daily open. As a rule of thumb you do not want to be trading against the ring color.
White price line aboove the green daily open line= Direction Up ( Aqua ring).
White price line below the green daily open line= Direction down ( magentaAqua ring).
In the picture Alchemy in action