Forex M15 Price Action Retracement Trading System with Non Repaint EATA Pollan indicator

Easy simple Forex  Price Action Retracement Trading System with Non Repaint EATA Pollan and Exponential Moving Average Indicator.

 
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;
  • T3 Taotra;
  • TRIX-Indicator.

 

Price Action Retracement Trading Rules

 

The rule for this Trading system are very simples are based on the price action. Trade only in trend.

 

Buy Rules
  • 34 exponential moving average channel is above 200 exponential moving average.
  • T3 Taotra up trend
  • TRIX-Indicator buy
  • 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 Rules
  • 34 exponential moving average channel is below 200 exponential moving average.
  • T3 Taotra down trend
  • TRIX-Indicator sell
  • 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
  • At the Pivot points levels
  • Profit Target predetermined, depends by time frame and currency, or ratio 1:2 stop loss.
  • Initial Stop loss on the previous swing after X pips in gain move stop loss at entry point.


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