TrendLine “Regression” Channel Trading System and Strategy – In this article we will discuss the Linear Regression channel and some best practices for applying it to your price charts to improve your analysis.
- Time Frames: H1, H4, and Daily
- Currency Pair: GBPUSD, EURUSD, USDJPY, USDCAD, AUDUSD, and GBPJPY
MetaTrader Trading Indicators
- RendLine “Regression” Channel
- CCI NRP
- Ichimoku Tenkan-sen
- Signal Trend
BUY Rules
- RendLine “Regression” Channel: Up Trend
- CCI NRP Line: Blue color and above level 50
- Ichimoku Tenkan-sen: The candle above the Tenkan-Sen line
SELL Rules
- RendLine “Regression” Channel: Down Trend
- CCI NRP Line: Red color and below level -50
- Ichimoku Tenkan-sen: The candle below the Tenkan-Sen line
Trading NOTES
- Initial stop loss on the previous swing
- After 150-200 pips in gain move stop loss at the entry point (H1 Time Frame Chart)
- Risk Reward Ratio 1:2 or 1:3