Support and Resistance Forex Strategy
Submit by Janus Trader 05/06/2012
Time Frame 30 min, H1, 4H.
This Forex Strategy is based on the Support and Resistance. This forex strategy have inspired a commercial strategy.
Wait that appears arrow, the price touches the support blue line and after place an pending order long at the level gree line.
Wait that appears arrow, the price touches the resistance red line and after place an pending order sell at the level red line.
Exit position with Profit Target 15-25 pips depends by time frame and currency pairs.
Stop loss 2 pips below or above Support and Resistance lines.
In the picture below TroForexGreenland in action.
The Commercial System XXX is the Same?
I deleted this indicator because it has a lower profitability to 20%.
An indicator that repaints work better.
Tro indicators are not good.
Share your opinion, can help everyone to understand the forex strategy.