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464# Price Action Retracement Trading System

Retracement trading system with EATA Pollan indicator

EATA Pollan indicator V.3.1 no repaint

 

Submit by MJK Trader 28/07/2013

 

Time Frame 15 min or higher.

Currency pairs:any.

 

Metatrader Indicators:

Exponential moving average 20 EMA Low (Red line);

Exponential moving average 20 EMA high (Blue line);

Exponential moving average 200 EMA close;

EATA Pollan indicator V.3.1 no repaint(setting 34, 9, 5);

Pivot Points Levels indicator.

 

The rule for this Trading system are very simples are based on the price action.

 

Trade only in trend.

 

Buy

34 exponential moving average channel is above 200 exponential moving average.

When appears blue arrow of the EATA Pollan indicator, wait that that the price retraces into the channel, at this moment go open long position.

 

Sell

34 exponential moving average channel is below 200 exponential moving average.

When appears red arrow of the EATA Pollan indicator, wait that that the price retraces into the channel, at this moment go open short position.

 

Exit position

 

1)At the Pivot points levels

2) Profit Target predetermined, depends by time frame and currency, or ratio 1:2 stop loss.

3 Initial Stop loss on the previous swing after X pips in gain move stop loss at entry point.

Price Action Retracement Trading System: template and Indicators

Price action retracemet trading system
Price action retracemet trading system: template and indicator
price action trading system.rar
compressed file archive 2.8 KB

EATA Pollan Indicator v.3.1 no repaint

EATA Pollan Indicator v.3.1 no repaint
EATA Pollan Indicator v.3.1 no repaint.
Forex trading system download
EATA pollan_no_repaint_3.1.rar
compressed file archive 8.5 KB

 

In the pictures below Price Action Retracement Trading System in action.

 

Share your opinion, can help everyone to understand the  Price Action Retracement Trading System.

 

 

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