470# Trading with Slope indicator

Slope indicator

 

Submit by Buddy 03/04/2013

 

 

 

Time Frame:daily.

Currency Pair:any.

 

 

 

Metatrader Indicators:

1. Slope 1 Indicator

2. Slope 2 Indicator

3. CM Indicator

 

ENTRY RULES

BUY RULES

Open a LONG position when all these conditions are satisfied

- Slope 1 Indicator shows a bullish signal in Green Color

- Slope 2 Indicator shows a bullish signal in Green Color

- CM Indicator shows a bullish signal in Green Color

SELL RULES

Open a SHORT position when all these conditions are satisfied

- Slope 1 Indicator shows a bearish signal in Magenta Color

- Slope 2 Indicator shows a bearish signal in Magenta Color

- CM Indicator shows a bearish signal in Red Color

Stop loss

The suggested stoploss value for daily timeframe is around 100-120 pips

Exit

There are two ways to exit your trade

- Use take profit level equals or 2 times of stoploss level.

- Exit when there are at least two indicators showing a reversal signal


 

In the picture belowTrading with Slope indicator in action.

Trading With Slope indicator
Trading With Slope indicator:Indicators and Template.
Forex Trading system.
Trading with slope indicator.rar
compressed file archive 12.0 KB

Trading with Slope indicator:Indicators metatrader and template

Trading with slope indicator
Trading with slope indicator

 

Share your opinion, can help everyone to understand the forex strategy.

Comments: 0