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.
Do you have the eata indicator in an expert advisor format?