576# Laser Trend
MA filter trend
Submit by Maximo Trader 02/04/2017
Laser Trend is a trading strategy based on moving averages as filter of arrows.
I shows two templates for bar/candle chart and renko chart.
The filter is crossover of moving averages. The following is a method of trading. The indicator arrows you can change.
Time Frame 15 min or higher.
Currency pairs: majors.
Renko chart box size 5 pips or higher.
Median renko box size 10 pips box percent=60.
Exponential moving average 5 period,
Exponential moving average 12 period,
simple moving average 40 period,
MA trend line period 40,
Arrows: Trend signal 2.1 for candle/bar chart – MA Signal 001 ( 34 period for renko chart, 53 period for median renko).
Trading rules Laser Trend
Trading only in the direction of the trend.
Consider only the first arrow after the crossing of moving averages.
MA 5 > MA12 > MA TL 40 or SMA 40
MA 5 < MA12 < MA TL 40 or SMA 40
Exit at the levels or pivot point or with predetermined profit target.
Place initial stop loss on the previous high/low swing.
Apply this strategy in trending currency pairs.
this method of trading is very attractive.
In the pictures Laser Trend in action.